Simple Deed Of Sale Of Land Template for Nigeria

The Simple Deed of Sale of Land is a fundamental legal instrument used in Nigerian property transactions to document and effectuate the transfer of land ownership. This document type is essential when any individual or entity wishes to sell or purchase land in Nigeria, whether for residential, commercial, or industrial purposes. The deed must comply with the Land Use Act 1978, which vests all land in the state governors, and requires obtaining the governor's consent for the transaction's validity. It includes crucial elements such as property descriptions, consideration, warranties, and execution requirements. The document serves as the primary evidence of the transaction and is required for land registry purposes and future dealings with the property.

1. Parties: Identification of the Vendor (Seller) and Purchaser, including full names, addresses, and contact details

2. Background: Brief context of the transaction, including current ownership status and intention to sell

3. Definitions: Key terms used in the deed, including 'Property', 'Completion Date', 'Purchase Price', etc.

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

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

6. Vendor's Title: Warranties regarding the Vendor's right to sell the property and nature of title

7. Governor's Consent: Acknowledgment of requirement for Governor's consent under the Land Use Act

8. Vendor's Covenants: Vendor's promises regarding title, peaceful possession, and freedom from encumbrances

9. Completion: Details of completion process, including timing and documentation requirements

10. Risk and Insurance: Transfer of risk and responsibility for insurance

11. Execution: Formal execution clause meeting requirements for deeds in Nigeria