Apartment Deed Template for Nigeria

The Apartment Deed is a crucial legal instrument in Nigerian property law used to transfer ownership rights of apartment units from one party to another. This document is essential when conducting apartment sales in Nigeria, whether in residential complexes, mixed-use developments, or standalone buildings. The deed must comply with the Land Use Act 1978 and relevant state-specific property laws, requiring proper registration with local land registry offices and potentially the governor's consent for validity. An Apartment Deed typically includes comprehensive details about the property, parties involved, consideration amount, and various covenants and warranties. It serves as permanent evidence of the property transfer and outlines rights regarding common areas, maintenance obligations, and service charges specific to apartment ownership in Nigeria.

1. Parties: Identification of the Vendor/Seller and Purchaser/Buyer with full legal names, addresses, and contact details

2. Background: Brief history of the property ownership, context of the sale, and any relevant prior agreements

3. Definitions: Definitions of key terms used throughout the deed

4. Property Description: Detailed legal description of the apartment, including building details, floor level, and apartment number

5. Consideration: Purchase price and payment terms

6. Transfer of Title: Legal transfer of rights and interests in the property from vendor to purchaser

7. Vendor's Covenants: Warranties and representations by the vendor regarding ownership, encumbrances, and right to sell

8. Purchaser's Covenants: Obligations and commitments of the purchaser

9. Common Areas and Facilities: Rights and obligations regarding shared spaces and facilities

10. Service Charge Provisions: Terms regarding maintenance fees and service charges

11. Registration and Perfection: Requirements for registering the deed with relevant authorities

12. Governing Law: Specification of Nigerian law as governing law and relevant jurisdiction

13. Execution: Signature blocks and attestation requirements