Deed Of Sale With Special Power Of Attorney Template for Nigeria

The Deed Of Sale With Special Power Of Attorney is a crucial legal instrument in Nigerian property transactions where one party needs to delegate authority while conducting a property sale. This document type is particularly valuable when dealing with international investors, absent parties, or complex multi-stage transactions in the Nigerian real estate market. It ensures compliance with both the Land Use Act 1978 and Powers of Attorney Act 1935, while providing a comprehensive framework for property transfer and delegated authority. The document is commonly used in situations where buyers or sellers may be unable to personally attend to all aspects of the transaction, need to delegate specific powers for property management, or require representation in dealings with government authorities and land registries. It includes essential elements such as property details, consideration, warranties, and specific powers granted to the attorney-in-fact, all within the context of Nigerian legal requirements.

1. Parties: Identifies and defines the Vendor/Seller, Purchaser/Buyer, and the appointed Attorney-in-fact

2. Background: Recitals explaining the context of the sale and the need for power of attorney

3. Definitions: Defines key terms used throughout the deed including Property, Effective Date, Powers Granted, etc.

4. Property Details: Comprehensive description of the property being sold including boundaries and title information

5. Consideration: Details of the purchase price and payment terms

6. Transfer of Title: Express provisions transferring ownership from vendor to purchaser

7. Vendor's Representations and Warranties: Seller's guarantees regarding property ownership, absence of encumbrances, etc.

8. Powers Granted: Specific powers being granted to the attorney-in-fact regarding the property

9. Duration of Power of Attorney: Timeframe for which the power of attorney remains valid

10. Execution and Registration Requirements: Requirements for proper execution and registration of both the sale and power of attorney

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