Flat Sale Deed Template for Nigeria

A Flat Sale Deed is the primary legal instrument used in Nigeria for documenting the transfer of ownership of apartments or flats from one party to another. This document is essential when selling or purchasing residential units in multi-story buildings or housing developments. The deed must comply with Nigerian property law, particularly the Land Use Act of 1978, and requires specific formalities including the Governor's consent for valid transfer. It typically includes detailed property descriptions, price and payment terms, warranties of title, covenants, and completion requirements. The document is crucial for protecting both parties' interests and ensuring proper registration of the property transfer with relevant authorities. It's particularly important in urban areas like Lagos, Abuja, and Port Harcourt, where apartment transactions are common.

1. Parties: Identifies and provides full details of the Vendor/Seller and Purchaser/Buyer, including their addresses and registration details if companies

2. Background: Recites the ownership history, confirms the Vendor's right to sell, and states the intention to transfer the property

3. Definitions: Defines key terms used throughout the deed, including the Property, Completion Date, Purchase Price, and other relevant terms

4. Property Details: Comprehensive description of the flat/apartment being sold, including its location, measurements, and boundaries

5. Consideration: States the agreed purchase price and payment terms, including any deposits paid

6. Title and Assurance: Vendor's warranties regarding clear title, right to sell, and freedom from encumbrances

7. Completion: Details of the completion process, including timing, location, and requirements for transfer

8. Vendor's Covenants: Vendor's promises regarding the property, including delivering vacant possession and transferring all rights

9. Purchaser's Covenants: Purchaser's obligations, including payment terms and compliance with property regulations

10. Risk and Insurance: Specifies when risk passes to the purchaser and insurance requirements

11. Registration and Consent: Requirements for obtaining Governor's consent and registration of the transfer under Nigerian law

12. Execution: Formal execution block for signing and witnessing the deed