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The Temporary Deed of Sale is a specialized legal instrument used in Nigerian property transactions where a temporary transfer of ownership is required. This document type is particularly useful in situations involving property development projects, agricultural ventures, or strategic business arrangements where a permanent sale is not desired. The deed must comply with Nigerian property law, particularly the Land Use Act 1978, and requires proper registration with relevant authorities. It includes comprehensive details about the property, parties involved, duration of the temporary sale, consideration, maintenance responsibilities, and reversion provisions. The document serves to protect both parties' interests by clearly defining the temporary nature of the transaction and establishing mechanisms for the property's return to the original owner. Common use cases include development projects, agricultural ventures, and strategic business arrangements requiring temporary property transfers.

1. Parties: Identification and details of the seller and buyer, including their full legal names, addresses, and capacity to contract

2. Background: Context of the temporary sale arrangement, including the purpose and intent of the parties

3. Definitions: Definitions of key terms used throughout the deed, including 'Temporary Sale Period', 'Property', and 'Reversion Date'

4. Property Details: Detailed description of the property being temporarily sold, including all relevant legal descriptions and boundaries

5. Consideration: Details of the sale price, payment terms, and any deposits or installments

6. Duration: Specific period of the temporary sale and conditions for extension or early termination

7. Transfer of Rights: Extent of rights being transferred and limitations during the temporary sale period

8. Reversion Provisions: Terms and conditions for the property to revert to the original owner, including timing and process

9. Maintenance and Obligations: Responsibilities of parties during the temporary sale period regarding property maintenance and expenses

10. Representations and Warranties: Standard warranties about property ownership, condition, and authority to sell

11. Default and Remedies: Consequences of breach and available remedies to either party

12. Governing Law: Specification of Nigerian law as governing law and jurisdiction