Document background
The Deed of Sale of Property is a fundamental legal instrument in Nigerian property law, used to formalize and document the transfer of real property ownership. This document is essential when conducting any property sale transaction in Nigeria, whether for residential, commercial, or industrial properties. It must comply with the Land Use Act 1978 and various state-specific property laws. The deed includes crucial details such as the property's description, purchase price, warranties of title, and completion requirements. It requires proper execution before witnesses, stamping at the Stamp Duties Office, and registration at the relevant land registry. The document is particularly important as it serves as evidence of the transfer of legal title and protects both the vendor's and purchaser's interests in the transaction.
