Document background
The Simple Real Estate Purchase Agreement is a fundamental legal document used in Nigerian property transactions to formalize the transfer of real estate ownership. This document is particularly suitable for straightforward property purchases where standard terms and conditions apply. It incorporates essential requirements under Nigerian law, including compliance with the Land Use Act, governor's consent provisions, and proper registration procedures. The agreement is designed to protect both buyers and sellers by clearly stating the terms of sale, purchase price, payment conditions, and completion requirements. While comprehensive enough to cover all necessary legal aspects, it maintains simplicity for ease of use in routine transactions. This template is commonly used for residential and commercial property transactions where complex development or unusual conditions are not involved.
