Document background
The Deed of Sale of House Only is a crucial legal document used in Nigerian property transactions when transferring ownership of a residential property without accompanying land transfer arrangements. This document is essential when the house being sold is subject to separate ownership from the land it stands on, a situation that can arise under Nigeria's Land Use Act 1978. The deed must comply with both federal and state-level property laws and requires careful drafting to ensure enforceability. It typically includes detailed property descriptions, warranties about the property's condition and title, specific payment terms, and completion arrangements. This document is particularly relevant in urban areas where complex property ownership structures exist and is commonly used in situations involving long-term land leases or where land rights are retained by government authorities.
