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Showing posts with the label Land for sale

Valid Documents you need for Property in Nigeria

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Here's a quick rundown of the important documents you'll need for land or house deals in Nigeria. If you don’t have these papers to show you own the property, you might have been scammed! So, pay attention to this info. So here are some important documents you need for property in Nigeria: Certificate of Occupancy: This is given by the local authority to show that a building has met all legal requirements. Survey Plan: A detailed map that outlines the land's boundaries and dimensions. Deed of Assignment: This legal paper transfers ownership and rights of the property from one person to another. Sale Deed: This document officially hands over the property from the seller to the buyer. AskTFP Homes and Properties  Estate Agents. If you are looking for a house, flat, land or commercial property, to buy or rent — visit our  property  or  land listings  channel . You can also send a  property request . Governor's Consent: A document that indicates the governmen...

DIFFERENCE BETWEEN "R OF O" AND "C OF O"

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  In the realm of real estate, grasping the nuances of property documentation is crucial. Two frequently encountered terms are "R of O" and "C of O." This article will explore the fundamental distinctions between these abbreviations and highlight their importance within the real estate sector. Understanding "R of O" (Right of Occupancy) The Right of Occupancy, often abbreviated as "R of O," is a legal framework that allows individuals to occupy and use a property. In Nigeria's land tenure system, "R of O" is issued by state governments or local authorities.  This right typically applies to lands that are government-owned or allocated through governmental processes.  To obtain an "R of O," individuals must go through a detailed procedure, which includes submitting essential documents like proof of payment, application forms, and survey plans. Once this process is successfully completed, the government provides a letter or...

What it is Land Banking and how to make money on Land Banking Investment

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When discussing smart investment strategies, land banking often comes up. You might be asking, “What is land banking?” In simple terms, it means buying undeveloped land with the hope that its value will rise over time. In today’s world, where investment options are varied and complex, land banking stands out. It’s not just about acquiring land; it’s about seeing its future possibilities. A vacant lot today could become a busy commercial area tomorrow, or a quiet piece of land on the city’s edge might turn into a popular neighborhood. This vision is what makes land banking exciting for me. As cities grow and populations increase, the need for land also rises. This trend makes land banking an important strategy for modern investors. I’ve seen many individual investors, including myself, exploring this opportunity. We’re starting to understand how land banking can help diversify our investments and potentially lead to significant gains in the future. In this article, I will explain wha...

Red Copy Survey Officially known as Record Copy Survey

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  The red copy is the official record of a survey plan that a registered land surveyor must submit to the Surveyor General’s Office. The surveyor must also include a letter confirming the submission. If this is not done, completing the title deed for the land cannot happen. When people mention 'red copy', they mean the 'record copy' of a survey plan. This record copy differs from the survey plan provided to the landowner or client. It is stored in the Surveyor General's office in each state. The purpose of keeping this record copy is to maintain important details about completed land surveys. This information can be helpful for various reasons, including court cases, confirming property ownership, and handling important documents like Certificates of Occupancy (C of O) and Governor's Consent. Key Elements of a Red Copy Distance and Direction : This includes the distance and direction from the land survey to a specific reference point established by the governm...