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Real Estate Contract Form
"I need a Real Estate Contract Form for the sale of a commercial property in Lagos, Nigeria, which includes specific provisions for staged payments to be completed by March 2025 and requirements for obtaining Governor's Consent."
1. Parties: Identification of all parties to the contract, including full legal names, addresses, and registration details for companies
2. Background: Recitals explaining the context of the transaction and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including boundaries, title details, and registration particulars
5. Consideration: Purchase price or lease payments and payment terms
6. Conditions Precedent: Conditions that must be satisfied before completion, including Governor's Consent where applicable
7. Warranties and Representations: Seller's/Lessor's warranties regarding property title, encumbrances, and condition
8. Completion: Process and requirements for completing the transaction
9. Title Documents: Details of title transfer and registration requirements
10. Costs and Taxes: Allocation of transaction costs, stamp duty, and other taxes
11. Default and Remedies: Consequences of breach and available remedies
12. Governing Law: Confirmation of Nigerian law as governing law and jurisdiction
13. Execution: Signature blocks and attestation requirements
1. Due Diligence: Used when buyer requires specific due diligence provisions and timelines
2. Environmental Matters: Required for properties with potential environmental concerns or specific usage requirements
3. Planning Permissions: Included when property development or change of use is contemplated
4. Tenant Covenants: Required for leasehold properties or when property is subject to existing tenancies
5. Service Charge: Used for properties in managed developments or estates
6. Insurance: Detailed insurance requirements, particularly relevant for leased properties
7. Force Majeure: Added when specific events beyond parties' control need to be addressed
8. Assignment and Subletting: Required for leasehold properties where transfer rights need to be addressed
1. Property Schedule: Detailed property description, including plans and boundaries
2. Title Documents: List of all title documents and certified copies
3. Payment Schedule: Detailed breakdown of payment terms and installments if applicable
4. Completion Requirements: Checklist of documents and actions required for completion
5. Existing Encumbrances: Details of any existing charges, mortgages, or encumbrances
6. Property Inventory: For properties sold/leased with fixtures and fittings
7. Service Agreements: Details of ongoing service contracts affecting the property
8. Required Consents: List of necessary governmental and regulatory approvals
Authors
Applicable Laws
Business Day
Completion
Completion Date
Consideration
Contract Period
Deposit
Effective Date
Encumbrances
Force Majeure
Governor's Consent
Improvements
Land Registry
Land Use Act
Legal Charges
Material Adverse Effect
Notice
Parties
Payment Schedule
Permitted Use
Property
Property Documents
Purchase Price
Registration Fees
Stamp Duty
State
Term
Title Documents
Transfer Documents
Warranties
Certificate of Occupancy
Development Control Authority
Environmental Laws
Ground Rent
Land Use Charge
Planning Laws
Property Taxes
Survey Plan
Vacant Possession
Title Transfer
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Warranties and Representations
Governor's Consent
Completion
Registration
Land Use
Environmental Compliance
Planning and Development
Property Access
Utilities and Services
Insurance
Default and Remedies
Force Majeure
Assignment
Notices
Entire Agreement
Severability
Governing Law
Dispute Resolution
Costs and Taxes
Anti-Money Laundering
Confidentiality
Further Assurance
Survival
Third Party Rights
Indemnification
Title Investigation
Property Maintenance
Service Charge
Stamp Duty
Land Use Charge
Encumbrances
Possession
Real Estate
Construction
Banking & Finance
Hospitality
Retail
Manufacturing
Healthcare
Education
Agriculture
Energy
Telecommunications
Government & Public Sector
Professional Services
Legal
Real Estate
Facilities Management
Compliance
Commercial
Property Management
Business Development
Operations
Finance
Investment
Risk Management
Administrative Services
Real Estate Lawyer
Property Manager
Legal Counsel
Contract Manager
Real Estate Agent
Property Developer
Facilities Manager
Commercial Director
Legal Director
Compliance Officer
Real Estate Portfolio Manager
Asset Manager
Investment Manager
Property Surveyor
Land Administrator
Business Development Manager
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