Buying Property in Nigeria: Legal Checks Before You Pay

Property transactions require careful due diligence. Before committing funds, a prospective purchaser should understand the property, the seller’s interest and any restrictions or competing claims.

Verify the title

Appropriate searches and document reviews can help identify inconsistencies, encumbrances and issues requiring further investigation.

Review the transaction documents

The agreement should accurately describe the property, the parties, payment terms, completion obligations and the consequences of default.

Confirm applicable approvals

Depending on the transaction and location, consent, registration, stamping or other formalities may be relevant. Obtain professional advice before completing the transaction.

This article provides general information and is not a substitute for advice on a specific matter.