THE NIGERIAN REAL ESTATE DEVELOPMENT,REGULATION,MARKETING STRATEGY AND TRANSACTION PROCESS MANAGEMENT.PART 5

is owned by the company.CAMA2020 says it must be approved at the board meeting.Given that aggreement in general like real estate must be written down as stipulated by statute of fraud 1676 and parole evidence and avoid risk of the volatility,as a good agreement pacifies all parties.'Quo scripti scripti'latin says what is written is written and Quo scripti manti says what is written remains.Hence like legal all sundry it is acceptable,we should devise a beffitting agreement based on the uncommon uniqueness of this transaction and in most cases,as they do in advanced climes we can provide downpayment or slowly amortises the principal and marginal interest as company,raises its revenue profile. In this context we should adopt seller financed marketing strategy to make property available almost everyone with good information and to guide transaction process.This method include land contract banking plus normal sales contract.We should structure the aggreement as maybe terminated anytime within stipulated period provided parties do nothing with no claim to damages same applies with active contract.We examine this marketing arrangement and how it works as noted in the text messages to one of my clients who later declined the processas unworkable method and no suitable for our country.People detest innovation in this part of the world.