tiktok³ÉÈË°æ

All Countries
Sales
Residential Purchase Contract

Residential Purchase Contract Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Residential Purchase Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Residential Purchase Contract

"I need a Residential Purchase Contract for a 3-bedroom property in Lagos, Nigeria, with completion scheduled for March 2025, including provisions for mortgage financing and existing tenant rights."

Celebrated by
Collaborations with
Investors
Document background
The Residential Purchase Contract serves as the primary legal instrument for documenting residential property transactions in Nigeria. It is essential for any sale or purchase of residential real estate, whether involving individual homes, apartments, or other residential units. The document must comply with the Land Use Act 1978, which vests all land in the state governors, and incorporate state-specific requirements for property transfer. This contract type is specifically designed to address unique aspects of Nigerian property law, including requirements for Governor's Consent, proper registration, and title verification. It provides a structured framework for defining the terms of sale, payment conditions, completion requirements, and the rights and obligations of both parties, while ensuring compliance with local property laws and regulations.
Suggested Sections

1. Parties: Identification of the Vendor/Seller and Purchaser/Buyer with full legal names and addresses

2. Background: Context of the transaction and brief description of the property being sold

3. Definitions: Definitions of key terms used throughout the agreement

4. Property Description: Detailed description of the property including address, boundaries, and registration particulars

5. Purchase Price: Agreed purchase price and payment terms including deposit requirements

6. Title and Registration: Details of the property's title, verification process, and registration requirements including Governor's Consent

7. Conditions Precedent: Conditions that must be fulfilled before completion of the sale

8. Completion: Process and requirements for completing the transaction

9. Vendor's Representations and Warranties: Seller's guarantees regarding property ownership, encumbrances, and condition

10. Purchaser's Representations and Warranties: Buyer's confirmations regarding financial capacity and compliance with relevant laws

11. Risk and Insurance: Allocation of risk and insurance requirements until completion

12. Default and Remedies: Consequences of breach by either party and available remedies

13. Notices: Process for serving formal notices between parties

14. Governing Law: Confirmation of Nigerian law as governing law and jurisdiction

15. Execution: Signature blocks and execution requirements

Optional Sections

1. Special Conditions: Additional terms specific to the transaction, used when there are unique requirements or circumstances

2. Tenant Rights: Required when the property is sold with existing tenants, detailing their rights and obligations

3. Mortgage Provisions: Include when the purchase is subject to mortgage financing

4. Development Requirements: Necessary when the property requires specific development or renovation works

5. Environmental Matters: Include when there are environmental concerns or requirements

6. Service Charge Provisions: Required for properties within estates or developments with service charges

7. Planning Permissions: Include when the property requires specific planning permissions or has development restrictions

8. Third Party Rights: Used when there are rights of way, easements, or other third-party interests to be addressed

Suggested Schedules

1. Property Schedule: Detailed property description including plan, boundaries, and measurements

2. Title Documents: List of all title documents and evidence of ownership

3. Inventory: List of fixtures, fittings, and contents included in the sale

4. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

5. Property Condition Report: Current condition of the property and any identified defects

6. Required Consents: List of necessary governmental and regulatory approvals

7. Outstanding Charges: Details of any outstanding charges, taxes, or fees

8. Land Use Requirements: Specific requirements under the Land Use Act and local regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




































Clauses






























Relevant Industries

Real Estate

Legal Services

Banking & Finance

Construction

Property Development

Property Management

Urban Planning

Residential Housing

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Sales

Operations

Risk Management

Documentation

Corporate Affairs

Administrative Services

Relevant Roles

Real Estate Lawyer

Property Manager

Real Estate Agent

Legal Counsel

Conveyancing Officer

Property Developer

Land Administrator

Compliance Officer

Real Estate Broker

Title Registration Officer

Property Valuation Expert

Real Estate Transaction Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Agreement To Sell And Sale Deed

A combined agreement to sell and property transfer document under Nigerian law, facilitating both the promise to sell and actual transfer of property ownership.

find out more

Harmless Agreement

A Nigerian law-governed agreement where one party agrees to indemnify and hold another party harmless from specified risks, losses, or legal liabilities.

find out more

Lease To Purchase Contract

A Nigerian law-governed agreement combining property lease terms with a future purchase option, including rent credits towards the final purchase price.

find out more

Contract To Sell A House

A Nigerian law-governed agreement for the sale and transfer of residential property ownership, detailing terms, conditions, and legal requirements.

find out more

Sales Commission Contract

A Nigerian law-governed agreement establishing commission-based sales arrangements between a company and sales representative, including payment terms and performance requirements.

find out more

Offer To Purchase Property Form

A formal document under Nigerian law that presents a buyer's offer to purchase property, including proposed terms and conditions for the transaction.

find out more

As Is Contract For Sale And Purchase

A Nigerian law-governed contract for the sale and purchase of assets in their current condition without warranties ("as is" basis).

find out more

Residential Purchase Contract

A Nigerian law-governed contract for the sale and purchase of residential property, incorporating local land law requirements and transfer procedures.

find out more

Sell Land Contract

A legal agreement for land sale and transfer in Nigeria, complying with the Land Use Act and state land laws, including provisions for Governor's consent and registration requirements.

find out more

Agreement Of Purchase And Sale Form For Private Sale

A Nigerian law-governed agreement documenting private property sale terms and conditions between buyer and seller.

find out more

Motor Vehicle Purchase Contract

A Nigerian law-governed agreement for the sale and purchase of motor vehicles, detailing terms, conditions, and compliance requirements for vehicle transfer.

find out more

Assignment Of Purchase And Sale Agreement

A Nigerian law-governed agreement transferring rights and obligations in a property purchase agreement from the original purchaser to a new purchaser.

find out more

House Buying Contract

A Nigerian law-governed contract for the purchase and sale of residential property, incorporating local property transfer requirements and Land Use Act provisions.

find out more

Private Sale Vehicle Purchase Agreement

A Nigerian law-governed agreement for the private sale and purchase of vehicles between individuals, documenting sale terms and ownership transfer.

find out more

Letter Of Sale Agreement

A formal letter-style agreement under Nigerian law that documents the terms and conditions of a sale transaction between parties, serving as a legally binding contract.

find out more

Purchase Agreement For Commercial Property

A legally binding agreement under Nigerian law for the sale and purchase of commercial property, outlining terms, conditions, and obligations of all parties involved.

find out more

Motorcycle Sales Agreement

A Nigerian law-governed agreement for the sale and purchase of motorcycles, detailing terms, conditions, and regulatory requirements for ownership transfer.

find out more

Livestock Purchase Agreement

A Nigerian law-governed agreement for the purchase and sale of livestock, detailing terms, conditions, and compliance requirements for the transaction.

find out more

Whole Sale Contract

A Nigerian law-governed agreement establishing terms for wholesale trade between supplier and buyer, including commercial terms and regulatory compliance requirements.

find out more

Independent Sales Rep Agreement

A Nigerian law-governed agreement establishing terms and conditions for independent sales representation, including commission structures and territorial rights.

find out more

Business Purchase Contract

A Nigerian law-governed agreement documenting the terms and conditions for the purchase and sale of a business entity or its assets.

find out more

Boat Purchase Agreement

A Nigerian law-governed agreement for the sale and purchase of marine vessels, ensuring compliance with local maritime regulations while protecting parties' interests.

find out more

Motorcycle Sale Contract

A Nigerian law-governed contract for the sale and purchase of motorcycles, ensuring legal compliance and protecting both parties' interests.

find out more

Partnership Sale Agreement

A Nigerian law-governed agreement facilitating the sale and transfer of partnership interests, including terms, conditions, and compliance requirements.

find out more

Motorcycle Purchase Agreement

A legally binding agreement under Nigerian law for the sale and purchase of a motorcycle, detailing terms, conditions, and ownership transfer requirements.

find out more

Buy And Sell Contract

A Nigerian law-governed agreement documenting the sale and purchase of goods between parties, including terms of sale, delivery, and payment arrangements.

find out more

Sales Representative Agreement

A Nigerian law-governed agreement establishing terms and conditions for sales representation, including territory rights, commission structures, and compliance requirements.

find out more

Residential Purchase Agreement

A Nigerian law-governed agreement for the sale and purchase of residential property, detailing terms, conditions, and regulatory requirements for property transfer.

find out more

Purchase Sale Agreement

A Nigerian law-governed agreement documenting the sale and purchase of goods between parties, specifying terms, conditions, and obligations of the transaction.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.