JOE NIGERIA REAL ESTATE BLOG FOR SMART INVESTORS

Proof of land ownership is how one claims the right to land. It is the protection and degree of control a person has over a parcel of land. This is just a way to pinpoint each person’s land and a testament by the State that the said person has a property right in the land. A claim to ownership of land in Nigeria may be established in any of the five main ways laid down by the Supreme Court in the celebrated case of  IDUNDUN & ORS V. OKUMAGBA & ORS  as follows: By traditional evidence in the form of traditional history. By production of documents of title By proving the act of ownership and possession over a sufficient length of time and are numerous and positive enough as to warrant the inference that the person is the true owner. By proving acts of long possession and enjoyment of land; and By proof of possession of connected and adjacent land, in circumstances which make it probable that the owner of such adjacent or conn...

Terms and Conditions Last updated: February 21, 2022 Please read these terms and conditions carefully before using Our Service. Interpretation and Definitions Interpretation The words in which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in the plural. Definitions For the purposes of these Terms and Conditions: Affiliate means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for the election of directors or other managing authority. Country refers to Nigeria Company (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Osaka Enterprises and Allied services Ltd, 29, Idoro Road Uyo, Akwa Ibom State...

  Privacy Policy Last updated: February 21, 2022 This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You. We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy. This Privacy Policy has been created with the help of the  Privacy Policy Template . Interpretation and Definitions Interpretation The words in which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in the plural. Definitions For the purposes of this Privacy Policy: Account  means a unique account created for You to access our Service or parts of our Service. Company  (referred to as either "the Compa...

  Introduction From the commercial city of Lagos to the political capital of Abuja, several companies and individuals alike undertake real estate businesses, whereas many buy real estate property for personal use and as an inheritance for family members.  The real estate business in Nigeria has become a job opener for young individuals willing and able to engage in aggressive and result-oriented marketing, this is a major component of the real estate business in the country. Some Factors Involved in Real Estate Investment in Nigeria Relevant Laws Guiding Real Estate Transactions There are several laws that guide/regulate real estate dealings in Nigeria. Real Estate in Nigeria is regulated by federal statutes which include the land Use Act of 1978 and land use laws of various states of the federation.  The land use Act of 1978 is the principal law that was enacted to regulate real estate ownership in Nigeria. By the provision of this act, the power to control a...

As a real estate enthusiast, investor or practitioner- your success or ability to thrive in the real estate industry depends on how frequently you increase your knowledge and skills. We will be deep-diving into the technical legal aspects of being a professional real estate investor. The core of our series will be on legal documents, and knowledge of contracts a practising real estate enthusiast must be aware of.   First, what is a contract? A contract is a  LEGALLY ENFORCEABLE AGREEMENT  between 2 or more parties that creates an OBLIGATION to do or not to do a particular thing. It is an exchange of promises that the law will enforce.   What are the elements of a contract?  We will take each of these elements one after the other and for today we shall focus on the first element. The first element of a contract is an  OFFER An offer is a promise to act or refrain from acting, which is made in exchange for a return promise to do the same....