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Property Warranty Deed

Property Warranty Deed Template for Nigeria

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Key Requirements PROMPT example:

Property Warranty Deed

"I need a Property Warranty Deed for transferring a commercial warehouse property in Lagos Industrial Estate, with specific environmental warranties and consideration of existing tenant rights, planned for completion by March 2025."

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Document background
The Property Warranty Deed is essential in Nigerian real estate transactions where maximum title protection is required. This document is commonly used in high-value property transfers, commercial real estate transactions, and situations requiring explicit title warranties. It differs from other property transfer documents by including specific warranties about the property's title and the grantor's right to convey. The deed must comply with the Land Use Act 1978 and relevant state property laws, requiring proper registration and often the governor's consent for validity. The Property Warranty Deed is particularly crucial in Nigeria's complex land tenure system, where multiple interests in land may exist, and provides a clear chain of title and express protections for the grantee.
Suggested Sections

1. Parties: Identification of the Grantor (seller/transferor) and Grantee (buyer/transferee) with full legal names and addresses

2. Background: Brief context of the property transfer and the Grantor's current ownership status

3. Definitions: Key terms used throughout the deed including Property, Transfer Date, and Warranties

4. Property Description: Detailed legal description of the property including boundaries, measurements, and registration details

5. Consideration: Statement of the purchase price or other consideration for the transfer

6. Words of Conveyance: Express language transferring title from Grantor to Grantee

7. Warranties: Specific warranties including title ownership, right to sell, freedom from encumbrances, and quiet possession

8. Covenants: Grantor's promises regarding title defense and future claims

9. Execution: Signature requirements, witnessing, and attestation provisions

Optional Sections

1. Special Conditions: Used when there are specific conditions or restrictions on the property use or transfer

2. Spousal Consent: Required when the property is matrimonial property or when state law requires spousal consent

3. Existing Tenancies: Included when there are current tenants or occupants with legal rights

4. Environmental Warranties: Added for properties with potential environmental concerns or previous industrial use

5. Planning Permissions: Required when there are specific zoning or development restrictions

6. Customary Rights: Needed when the property is subject to traditional or customary rights

Suggested Schedules

1. Schedule A - Property Description: Detailed technical description of the property including survey plans and coordinates

2. Schedule B - Title Documents: List of all relevant title documents and their registration details

3. Schedule C - Encumbrances: List of any existing encumbrances, easements, or rights of way

4. Appendix 1 - Survey Plan: Official survey plan of the property

5. Appendix 2 - Land Use Approval: Copy of governor's consent or certificate of occupancy

6. Appendix 3 - Tax Clearance: Evidence of payment of all relevant property taxes and duties

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
Property
Land
Improvements
Grantor
Grantee
Transfer Date
Completion Date
Consideration
Title Documents
Certificate of Occupancy
Governor's Consent
Statutory Right of Occupancy
Customary Right of Occupancy
Encumbrances
Warranties
Covenants
Easements
Rights of Way
Planning Permissions
Survey Plan
Land Use Approvals
Transfer Instruments
Effective Date
Registration
Permitted Use
Title Defects
Quiet Possession
Legal Interest
Beneficial Interest
Matrimonial Property
Local Government Authority
Land Registry
Stamp Duty
Development Control
Relevant Industries

Real Estate

Property Development

Construction

Agriculture

Industrial Development

Commercial Property

Residential Property

Mining

Infrastructure Development

Urban Planning

Relevant Teams

Legal

Real Estate

Property Management

Land Administration

Compliance

Property Development

Title and Registration

Document Management

Due Diligence

Relevant Roles

Real Estate Attorney

Property Manager

Land Administrator

Real Estate Developer

Title Officer

Conveyancing Lawyer

Property Investment Manager

Land Surveyor

Real Estate Agent

Compliance Officer

Legal Counsel

Property Rights Specialist

Industries
Land Use Act 1978: The fundamental law governing land ownership and administration in Nigeria. It vests all land in the state governors and establishes the system of statutory and customary rights of occupancy.
Stamp Duties Act: Requires proper stamping of property documents and payment of appropriate duties for the deed to be admissible in evidence.
Registration of Titles Law: Governs the registration of property titles and maintains a register of land ownership and interests in various Nigerian states.
Property and Conveyancing Law: Regulates the transfer of property rights and the formal requirements for valid property deeds, including warranty provisions.
Matrimonial Causes Act: Relevant for considering spousal rights and consent requirements in property transfers, particularly for matrimonial property.
Nigerian Urban and Regional Planning Act: Ensures compliance with zoning laws and land use regulations that might affect property warranties.
Customary Law: Recognition of traditional land rights and customs that might affect property ownership and transfer in certain regions.
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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