THE NIGERIAN REAL ESTATE DEVELOPMENT,REGULATION,MARKETING STRATEGY AND TRANSACTION PROCESS MANAGEMENT,PART 4

The nature of transaction.Common documents include sale and purchase aggreement,deed of assigment or deed of lease,or sublease or power of attorney.Governor's consent application form signed by seller or lessor.With relevant documents prepared and transfer of possesioncompleted to purchaser,process for obtaining consent and registration of interest transfers commences after payment of taxes and fees.Buyer at his own discretion conduct due diligence at the land bureau for interest protection and vital in title transfer process.A solicitor,buyer or agent could conduct due diligence at the bureau to confirm title and interest in real property,zoning purpose,land use,commited or global,external or 3party interest,residue or term of years,status and seller's capacity.Consent follows transfer completion together with registration of transfer deed.Joint owner,or owner,patner of real property interest,by consent must be sought to prove title transfer validity by seller.Board resolution is vital if property is owned