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One of the biggest mistakes people make when buying land is assuming that once the seller produces a Certificate of Occupancy, there is nothing left to investigate.
𝗧𝗵𝗮𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗮 𝘀𝗮𝗳𝗲 𝗮𝘀𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻.
Before you pay for that property, you should verify the title and confirm:
• 𝗪𝗵𝗼 actually owns the property
• 𝗪𝗵𝗲𝘁𝗵𝗲𝗿 the title document is genuine
• 𝗪𝗵𝗲𝘁𝗵𝗲𝗿 there is any mortgage, caveat, restriction or other encumbrance
• 𝗪𝗵𝗲𝘁𝗵𝗲𝗿 the property is affected by government acquisition or any other interest
• 𝗪𝗵𝗲𝘁𝗵𝗲𝗿 the person selling has the legal authority to sell it
Remember: 𝗬𝗼𝘂 𝗮𝗿𝗲 𝗻𝗼𝘁 𝗷𝘂𝘀𝘁 𝗯𝘂𝘆𝗶𝗻𝗴 𝗹𝗮𝗻𝗱. 𝗬𝗼𝘂 𝗮𝗿𝗲 𝗯𝘂𝘆𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝗲𝗹𝗹𝗲𝗿’𝘀 𝘁𝗶𝘁𝗹𝗲 𝘁𝗼 𝘁𝗵𝗮𝘁 𝗹𝗮𝗻𝗱.
A few minutes of proper due diligence can save you years of litigation and millions of naira.
𝗗𝗼𝗻’𝘁 𝗽𝗮𝘆 𝗳𝗶𝗿𝘀𝘁 𝗮𝗻𝗱 𝗮𝘀𝗸 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 𝗹𝗮𝘁𝗲𝗿.
𝗩𝗲𝗿𝗶𝗳𝘆 𝘁𝗵𝗲 𝘁𝗶𝘁𝗹𝗲. 𝗣𝗿𝗼𝘁𝗲𝗰𝘁 𝘆𝗼𝘂𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁.

𝗖 𝗼𝗳 𝗢? 𝗚𝗼𝘃𝗲𝗿𝗻𝗼𝗿’𝘀 𝗖𝗼𝗻𝘀𝗲𝗻𝘁? 𝗘𝘅𝗰𝗶𝘀𝗶𝗼𝗻? 𝗥𝗮𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻?
If you are buying land in Ogun State, you need to understand what these terms actually mean.
More importantly, 𝗱𝗼𝗻’𝘁 𝗮𝘀𝘀𝘂𝗺𝗲 𝘁𝗵𝗮𝘁 𝗮 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗶𝘀 𝘀𝗮𝗳𝗲 𝗷𝘂𝘀𝘁 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘁𝗵𝗲 𝘀𝗲𝗹𝗹𝗲𝗿 𝘀𝗮𝘆𝘀 𝗶𝘁 𝗵𝗮𝘀 𝗮𝗻 𝗲𝘅𝗰𝗶𝘀𝗶𝗼𝗻 𝗼𝗿 𝗖 𝗼𝗳 𝗢.
Even within an excised area, some portions may still be affected by government acquisition for roads, drainage, schools and other public purposes.
𝗖𝗵𝗲𝗰𝗸 𝘁𝗵𝗲 𝗚𝗮𝘇𝗲𝘁𝘁𝗲. 𝗖𝗵𝗮𝗿𝘁 𝘆𝗼𝘂𝗿 𝘀𝘂𝗿𝘃𝗲𝘆. 𝗩𝗲𝗿𝗶𝗳𝘆 𝘁𝗵𝗲 𝘁𝗶𝘁𝗹𝗲. 𝗖𝗼𝗻𝗱𝘂𝗰𝘁 𝗽𝗿𝗼𝗽𝗲𝗿 𝗹𝗲𝗴𝗮𝗹 𝗱𝘂𝗲 𝗱𝗶𝗹𝗶𝗴𝗲𝗻𝗰𝗲 𝗯𝗲𝗳𝗼𝗿𝗲 𝘆𝗼𝘂 𝗽𝗮𝘆.
𝗗𝗼𝗻’𝘁 𝗯𝘂𝘆 𝗮 𝗽𝗿𝗼𝗯𝗹𝗲𝗺 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘆𝗼𝘂 𝗳𝗮𝗶𝗹𝗲𝗱 𝘁𝗼 𝘃𝗲𝗿𝗶𝗳𝘆 𝘁𝗵𝗲 𝘁𝗶𝘁𝗹𝗲.
📍 Ogun State | 🇳🇬 Nigeria

𝗧𝗛𝗔𝗧 𝗖𝗢𝗡𝗧𝗥𝗔𝗖𝗧 𝗠𝗔𝗬 𝗖𝗢𝗦𝗧 𝗬𝗢𝗨 𝗠𝗢𝗥𝗘 𝗧𝗛𝗔𝗡 𝗔 𝗟𝗔𝗪𝗬𝗘𝗥’𝗦 𝗙𝗘𝗘.

Yes, lawyers charge for reviewing contracts. And they should.

But the real question is not, “How much is the lawyer charging me?”

The better question is:

𝗛𝗼𝘄 𝗺𝘂𝗰𝗵 𝗰𝗼𝘂𝗹𝗱 𝘁𝗵𝗶𝘀 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗰𝗼𝘀𝘁 𝗺𝗲 𝗶𝗳 𝗜 𝘀𝗶𝗴𝗻 𝗶𝘁 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗶𝘁?

A contract is not just a document to sign because everyone involved is currently on good terms.

It should clearly establish rights, obligations, ownership, payment, termination, liability and what happens when things do not go according to plan.

We have seen artistes, business partners and other creatives speak publicly about losses and disputes arising from agreements they entered into without fully understanding their implications.

𝗧𝗿𝘂𝘀𝘁 𝗶𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁. 𝗕𝘂𝘁 𝘁𝗿𝘂𝘀𝘁 𝗱𝗼𝗲𝘀 𝗻𝗼𝘁 𝗿𝗲𝗽𝗹𝗮𝗰𝗲 𝗮 𝗴𝗼𝗼𝗱 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁.

Sometimes, the cheapest time to solve a contractual problem is before you sign.

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