PERFECTION OF PROPERTY TITLES IN NIGERIA

How do you define perfection of title?

"Perfection of title" means registering your title (or interest in a property) with the Lagos state government or the government of the state in Nigeria where the property you bought is located.

What happens when you process the title registration with the state government?

The government agency responsible for land matters . . . the bureau of lands . . . gives you a list of the appropriate documents you need to provide to register the landed property in your name. You also get a list of the fees applicable for each stage of the property registration process.

When you provide the documents required and pay the applicable fees, your application for registration is filed to the appropriate department of the state agency responsible for dealing with such matters. When your registration is approved, you receive a Certificate of Occupancy (C of O) from the state government.

The C of O bears the name of the person to whom the government has conferred the legal title of occupancy. That is, your name if you're the person who made the application or the person on whose behalf the application was made.

This process is referred to as perfection of title because it legally confers ownership of the property to you from the state government.

Source: http://www.lagos-nigeria-real-estate-investing-guide.com/nigeria-real-estate-dictionary-definition-define-perfection-of-title-definition-of-perfection-of-title.html

SURVEY PLAN IN LAGOS

A survey plan is a document that measures the boundary of a parcel of land. It gives an accurate measurement, description of the piece of land and contains the following information; the name of the owner of land being surveyed, the address or description, the size and the drawn out portion as mapped out on the survey plan document, the beacon numbers, the Surveyor who drew up the survey plan and the date it was drawn and a stamp showing that the land is either free from government acquisition or not. So how and why does one chart a survey plan in Lagos?

The major reason is to get what is known as a Land Information. Before a transaction is consummated over a plot of land, it is always advisable to chart the survey plan presented for the land to basically find out whether it falls under government acquisition or not and as well authenticate the claim of ownership to the land. While charting a Survey Plan can be done by private individuals or organizations, it is also one of the procedures involved  in the issuance of Certificates of Occupancy or Governor's Consent to persons who have applied for them at the Lagos State Land Bureau.

The procedure for Charting a Survey Plan starts with obtaining an Application Form for Land Information and Payment Advice from the Accounts Department of the Office of the Surveyor General at No.87 Awolowo Way, Ikeja/ For survey plans that carries a single name, the fee for charting is N10,000 and N1,000 for development levy, while the fee for one that carries Mr. and Mrs. is N20,000 and N1,000 for development levy.

The next step is to go to the designated banks stated on the payment advice, pay and obtain original receipt with teller and then submit them along with the following documents at the front desk office of the Surveyor General's Office: the completed application form for land information and a copy of the survey plan. A file for the application is then opened at this stage.

From the front desk office, the file is sent to the Accounts Department for verification of receipts of charting and endorsement. If cleared, the file is sent to the Records Unit for proper confirmation/screening of red copy side by side with the applicant's copy. File is then sent to charting room to ascertain the status of the property (acquired or free from government acquisition) and execute a composite plan to affirm the authenticity of ownership. The officer in charge of charting does the verification and confirmation of charting and then sends the result (a Land Information Certificate) to the Director of Coordination, transactions and records department for final clearance. At the final stage, the result is sent to the front desk office for filling and a text message is sent to the applicant to come and pick up the Land Information Certificate. On the average, the entire process takes between a month and two to complete.

 

             

 

Source: Castle Weekly Magazine.

 

 

 

 

A PLOT OF LAND FOR SALE AT MONGORO, AFTER IKEJA ALONG

DESCRIPTION: A fenced plot of land with a dug borehole.

LOCATION: Strategically located at Sule Street, off Lagos Abeokuta Express Way, meters away from Ikeja Along.

RENT: 18m Naira

REMARK: Mix used.

CONTACT: Ashley Real Estate. 09021791624

4(NOS) FLATS FOR SALE AT AKOBI CRESCENT

DESCRIPTION: 4 Flats of 2 bedrooms and 3 bedrooms.

LOCATION: Akobi Crescent off Atunrase street, which is off Mabo Street, Ishaga road, Surulere, Lagos.

PRICE: 30m Naira asking.

REMARK: Good source of investment.

CONTACT: Ashley Real Estate. 09021791624

COMMERCIAL/ RESIDENTIAL PROPERTY FOR SALE ALONG AGEGE MOTOR ROAD, SHOGUNLE BUS STOP, IKEJA

DESCRIPTION: A 2 storey building used for commercial purpose on the ground floor and residential flats on the upper floors.

LOCATION: Directly along Agege Motor Road by Shogunle Bus stop opposite Ikeja GRA.

PRICE: 140M

REMARK: Good for both corporate and individual clients.

CONTACT: Ashley Real Estate. 09021791624

DETACHED HOUSE TO LET AT RANDLE ROAD, APAPA

DESCRIPTION: Fully detached house of 8 rooms with conveniences including a self contained security house and a one room Bq on a land size of about 500sqm. Property is newly renovated with PVC ceramic tiles and suspended ceilings.

LOCATION: Randle Road, off Kofo Abayomi street, which is off Wharf road, Apapa. Property is few meters away from Amusement Park.

RENT: 5.5m Naira per annum.

REMARK: Good for commercial or residential use. Pay and park in for commercial use.

CONTACT: Ashley Real Estate. 09021791624