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Land Ownership Agreement

Land Ownership Agreement Template for Nigeria

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Key Requirements PROMPT example:

Land Ownership Agreement

"I need a Land Ownership Agreement for the purchase of a 5-hectare agricultural property in Lagos State, Nigeria, with special provisions for existing tenant farmers and consideration of local customary rights."

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Document background
The Land Ownership Agreement is a crucial document in Nigerian property law, used when transferring ownership rights of land between parties. This agreement type is specifically designed to comply with Nigeria's Land Use Act of 1978, which vests all land in the state governors in trust for the people. The document is essential for both private and commercial land transactions, requiring various statutory approvals, including the Governor's consent. The agreement must address both statutory and customary land rights where applicable, and includes comprehensive details about the property, parties involved, consideration, and conditions of transfer. It's particularly important that the Land Ownership Agreement incorporates all necessary elements for legal validity in Nigeria, including proper attestation, survey plans, and evidence of prior registration where applicable.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including their full legal names, addresses, and registration details if corporate entities

2. Background: Context of the transaction, including brief history of the land ownership and purpose of the transfer

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

4. Property Description: Detailed description of the land including boundaries, measurements, and registration particulars

5. Consideration: Purchase price and payment terms

6. Warranties and Representations: Seller's warranties regarding ownership, title, encumbrances, and compliance with laws

7. Completion Requirements: Conditions for completion of the transfer and timeline

8. Registration and Transfer: Process and requirements for registering the transfer with relevant authorities

9. Seller's Covenants: Obligations of the seller before and after completion

10. Buyer's Covenants: Obligations of the buyer before and after completion

11. Risk and Insurance: Transfer of risk and insurance requirements

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

13. Dispute Resolution: Process for resolving disputes between parties

14. Notices: Method and addresses for serving formal notices

15. Execution: Signature blocks and attestation requirements

Optional Sections

1. Customary Rights: Section addressing any existing customary rights affecting the land, required when the property is subject to traditional rights

2. Environmental Matters: Additional provisions regarding environmental compliance, required for industrial or contaminated land

3. Development Restrictions: Specific restrictions on land development, needed when property is subject to zoning or planning restrictions

4. Third Party Rights: Provisions dealing with existing tenancies or other third-party interests, included when applicable

5. Commissioner's Consent: Specific provisions regarding obtaining Governor's/Commissioner's consent, required for certain types of transfers

6. Mineral Rights: Provisions regarding mineral rights if relevant to the property

7. Agricultural Land Provisions: Special provisions required for agricultural land transfers

Suggested Schedules

1. Property Schedule: Detailed technical description of the land, including survey plans and coordinates

2. Title Documents: List and copies of all relevant title documents and certificates

3. Encumbrances Schedule: Details of any existing encumbrances, charges, or restrictions on the land

4. Payment Schedule: Detailed breakdown of payment terms and installments if applicable

5. Land Use Approvals: Copies of relevant land use approvals and permits

6. Survey Plan: Official survey plan and measurements of the property

7. Due Diligence Report: Summary of legal and technical due diligence findings

8. Environmental Reports: Environmental assessment reports if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Property
Land
Certificate of Occupancy
Consideration
Completion Date
Customary Rights
Right of Occupancy
Governor's Consent
Encumbrances
Improvements
Land Use Act
Purchase Price
Registration Fees
Stamp Duty
Statutory Rights
Survey Plan
Title Documents
Transfer Date
Warranties
Permitted Use
Planning Laws
Business Day
Completion
Default
Force Majeure
Material Adverse Effect
Parties
Representatives
Term
Traditional Rights
Vacant Possession
Working Hours
Easements
Environmental Laws
Development Rights
Local Government Authority
Mineral Rights
Registration Authority
Transferor
Transferee
Clauses
Sale and Purchase
Property Description
Title Transfer
Consideration
Payment Terms
Completion Requirements
Warranties and Representations
Due Diligence
Seller's Covenants
Buyer's Covenants
Governmental Consent
Registration Requirements
Customary Rights
Environmental Compliance
Property Inspection
Risk and Insurance
Default and Remedies
Force Majeure
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Waiver
Third Party Rights
Costs and Expenses
Indemnification
Confidentiality
Termination
Survival
Further Assurance
Anti-corruption
Compliance with Laws
Land Use Restrictions
Planning and Development
Access Rights
Mineral Rights
Encumbrances
Relevant Industries

Real Estate

Agriculture

Construction

Manufacturing

Mining

Hospitality

Retail

Industrial

Commercial Development

Residential Development

Infrastructure

Energy

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Facilities Management

Corporate Affairs

Business Development

Operations

Finance

Risk Management

Project Management

Relevant Roles

Legal Counsel

Property Manager

Real Estate Developer

Facilities Manager

Compliance Officer

Land Administrator

Property Surveyor

Real Estate Manager

Corporate Secretary

Business Development Manager

Investment Manager

Project Manager

Operations Director

Chief Legal Officer

Chief Financial Officer

Industries
Land Use Act of 1978: The fundamental law governing land ownership and administration in Nigeria, vesting all land in the state governors in trust for the people
Nigerian Urban and Regional Planning Act: Regulates land use planning, development and zoning requirements that affect property ownership and usage
Registration of Titles Act: Governs the registration and documentation of land titles and interests in Nigeria
Federal Environmental Protection Agency Act: Contains environmental regulations that may affect land use and development rights
Customary Law Recognition Act: Recognizes traditional/customary land rights and their interaction with statutory land law
Land Registration Law: State-specific laws governing the registration of land instruments and maintaining land records
Capital Gains Tax Act: Regulates taxation aspects of land transfers and property transactions
Stamp Duties Act: Governs the payment of stamp duties on land transaction documents
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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