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CAUTION AND STEPS TO BUYING PROPERTY IN LEKKI LAGOS

in real time, Lekki is the premium destination,a precious jewel,an inestimable  value to investors,a one way choice for property developers and real estate owners in Lagos state Nigeria.

Lekki has defied all odds of getting back fast returns on real estate  investment in Nigeria,its the new oil well.get a comprehensive view of property for sale,land & houses for sale in lekki here

lekki is in the east of  Lagos city,lekki is a naturally formed pennisula with adjourning cities such as victoria island,get a comprehensive view of property for sale in ikoyi here,Ajah get a comprehensive view of property for sale & rent in hereAjah,

A developer/property owner who invests in lekki commands high respect because lekki has become a respectable commercial hub and residential area of Lagos, thereby making the area very important in the real estate industry in Nigeria.

Majority of high profile  property for rent in lagos are in  lekki,its the destination for returns in real estate investment.

The average price of a land for sale in Lekki phase 1 is N45million naira.this metrics is basically for areas like ikate,victoria garden city prices are as high as 100m naira in some part of lekki phase 1.

There are alot of real estate companies in lekki,we are currently giving you a total coverage on lekki.

BEST PLACES TO BUY LAND IN LEKK LAGOS NIGERIA

For buying a property in Lekki, a prospective investor can target fast-growing areas such as Ibeju Lekki, Lakowe, Abijo, Awoyaya, Sangotedo, Ajah, Lekki Phase 2,vgc ikate,Ikota and other suburbs within the Lekki Peninsula.

However, our research shows that it is better to know where to buy property in lekki,because most of the lands in Lekki and its  axis might be under one government acquisition, or the other.

POPULAR LOCATIONS YOU CAN BUY PROPERTY IN LEKKI

Sub Areas  

Before you buy a house or land in Lekki, it is of paramount importance to conduct  due diligence and proper checks at appropriate places.

PLACES TO INVESTIGATE PROPERTY TITLE BEFORE BUYING A LAND IN LEKKI LAGOS

  1. Lands Registry-lagos ministry of lands bureau services is available and located in ikeja lagos,get a comprehensive view of property for sale in ikejahere    
  2. Surveyor General Office

the surveyor general office is located in ikeja lagos,it is very important to conduct a charting of land or property at Surveyor General Office,if the property is yet to be registered . this is very paramount to forestall paying for a land already mapped under government acquisition.

3. Corporate Affairs Commission

The Cac keeps a record of all informations regarding a company. submitting your property acqusiiton to cac will help as it will reveal if the company selling had charges or any encumberance on the property.if the charges are not registered,cac might not know.

4. Physical Inspection

This is the traditional method of finding out information about a land,because people will know something is about to happen.

Conducting a physical inspection on the proposed property to be purchased before such a purchase is very important.ask neighbors,look out for sign posts (caveat emptor) on the land.

A physical inspection will reveal things that cannot be found in the search of any government archives. A physical may reveal whether the proposed land has a good right of way,whether it is accessible and what type of neighbors are you having.

 

HOW TO BEGIN THE PROCEDURE FOR ACQUISITION OF PROPERTY

 

  1. AN APPLICATION FOR PURCHASE AT A DISCLOSED AMOUNT-This is usually an offer letter by the agents to the client/by the client himself.make it brief and well detailed,including the location and description of the property.
  2. CONTRACT OF SALE OF LAND– Contract of sale of land is the second where the owner has accepted the offer to sell at an amount proposed by the buyer.it is  an important aspect of property law in Nigeria because the interest in a property is transferred from one party to another. in real practice most transactions don’t involve this.The contract stipulates the terms and conditions needed for the sale and purchase of a property.
  3. Draft a Deed of assignment/Power of attorney where necessary-All transfer of ownership of property in nigeria must be by deed.read our article on the relevance of power of attorney in real estate in 2021
  4. Perfection stage-this is very important and it is the path to getting a governors consent as well as a certificate of ownership from the government.

 

this content belongs to Nigeriapropertyzone.com.ng

 

 

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