The Land Use Act makes it mandatory for the consent of the Governor to be obtained. The consent of the Governor is important before the actual alienation or the sale of any interest in land in Nigeria.
Upon the execution of the Deed of Assignment, it must be duly registered and be consented to by the Governor in accordance with the provisions of the Land Use Act, LFN 2004.
#Deed conveyance registration#
The steps for registration are as follows Finally, the section for the Governor’s Consent that must be signed by the Governor or any government official designated by Governor for such purpose in the course of registration of the deed.The signature of the parties to the assignment and witnesses to the transaction.The covenants or promises both parties choose to undertake to perfect the transfer of the document.The description and size of the land to be transferred.The agreed cost of the land and the willingness of the seller to finally accept that price paid for the land.Such history may include how it was first obtained down to the moment it’s about to be sold. The names of the parties to the agreement.The Deed of Assignment spells out the key issues in the transaction between the seller and the buyer so that there will not be any confusion or assumption after the property has been transferred to the new owner.Įvery deed of assignment must contain certain information, which includes the followings: Such recorded deed of assignment comes in the form of either a Governor’s consent and registration.
In most situations, when the deed of assignment has been exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. The deed gives a specific description of the property that is included in the transfer of ownership, consideration and other covenants between parties. The state within Nigeria where the property is being transacted usually determines whether the deed of the assignment will be the appropriate property transfer agreement to be drafted or deed of conveyance. The deed of conveyance in Nigeria also comprises the same information as a deed of assignment there is no significant difference between the two. The deed of assignment in Nigeria contains very pertinent information for a real estate transaction. REGISTRATION FOR DEED OF ASSIGNMENT IN LAGOS STATEĪ deed of assignment is an agreement where an assignor assigns his or her ownership in land or property to an assignee.
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