Document background
The Subdivision Agreement is a crucial document in Nigerian property development that formalizes the process of dividing larger land parcels into smaller, developable lots. It is required whenever a property owner or developer intends to create multiple lots from a single parcel of land in Nigeria. The agreement must comply with the Land Use Act of 1978, state-specific planning laws, and local government regulations. This document typically includes detailed provisions for infrastructure development, environmental protection, and public services, along with specific timelines and financial commitments. The Subdivision Agreement serves as a binding contract between the developer and relevant authorities, ensuring that the development meets all regulatory requirements and community needs while protecting both public interests and developer rights under Nigerian law.
