Welcome dear viewer,

We are Builderscall Property. We sell land and apartments. We help you secure your dream homes and lands at affordable cost in good location that comes with a good title.
Contact us on 07088999644

In this thread we will be educating you on the ABC's of Land on the topics below (and not limited to the following):

1. What is Land

2. What is Real Estate

3. What type of land you should buy

4. Land Title

5. Land document

6. Legal requirements to owning a Land

7. Land sizes

8. Land measurement

9. Who can own a land

10. Why you should invest in Land

11. What you can do on your Land and many more

Stay tuned in and follow us on this amazing journey as we explore into the world of "The Land" ☺

What is Land?

In simple definition, Land is the solid surface of the earth that is not permanently covered by water.

Land has proven and proved itself times without number to be useful from the creation and existence of the world.

It is a home to man, animals, supports agriculture and provides natural resources.

A lot of activities has taken place since the existence of land and one of the most beautiful things is that Land has been a source to create wealth for many generations through its usage.

What is Real Estate?

Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water.

The four(4) main types of Real Estate are:

1. Residential: residential real estate is defined as property where people live in to feel comfortable and have peace of mind☺

2. Commercial: commercial real estate is defined as property used for business purposes including office space, hospitality, retail space for fast food, movie theatre, parking space etc

3. Industrial: industrial real estate is defined as property used for business purposes but usually for large scale manufacturing or production such as storage warehouse, manufacturing plants, research centers etc

4. Land: land is defined as a vacant or raw land which is purchased for future development and for natural resources rights such as mineral, water, or air rights in urban areas.

We are Builderscall Property. We sell land and apartments. We help you secure your dream homes and lands at affordable cost in good location that comes with a good title.
Contact us on 07088999644.

What type of land should you buy?

1. Buy lands with good title
2. Buy land from the right source/owners
3. Buy a residential or commercial depending on what you need the land for.

Understanding Land Titles In Nigeria
ABOUT LAND TITLES

*A Gazette* is an Official record book where all special government details are spelt out, detailed & recorded.

A *gazette* will show the communities or villages that have been granted *excision* and the number of acres or hectares of land that the government has given to them.
It is within those *excised* acres or hectares that the traditional family is entitled to sell its lands to the public & not anything outside those hectares of land given or *excised* to them.

*Question:* Is excision as good as obtaining c of o?
Is a person having excision still mandated to obtain c of o?

*Answer:* After a land has been excised & Gazetted, then you can either process your C of O or Governor consent.

*Excision* does not expire while C of O expire after 99 years.
The only advantage C of O has over Excision is that, it can be use as collateral for getting loan in the bank

*DEED OF CONVEYANCE*

*Deed of Conveyance* or Registered Conveyance was the authentic evidence of ownership until 1978 Land use Act that introduced Certificate of Occupancy.

Deed of Conveyance is old legal document used in transferring the interest of the owner of a landed property interest to the person to another whom it is assigned, the assignee.
When ownership is transferred, the new legal document in use now is called deed of assignment.

*CERTIFICATE OF OCCUPANCY*

A Certificate of Occupancy (C of O) issued by the Lagos State Government officially leased Lagos land to you, the applicant, for 99 yrs.
*All lands belong to the Government.*

*GOVERNOR'S CONSENT*

A governor’s consent can only be processed on a land with either Gazette or an Existing Certificate of Occupancy (C of O).

If a person with land with C of O decides to sell his land, the only documents that can give the new buyer or every other subsequent buyers the right of occupancy or ownership is a governor’s consent.
The powers of the Governor to consent to such transactions can be found in Section 22 of the Land Use Act of 1978 which states thus:
*'It shall not be lawful for the holder of a statutory right of occupancy granted by the governor to alienate his right of occupancy or any part thereof by assignment, mortgage, transfer of possession, sublease or otherwise howsoever without the consent of the Governor first had and obtained''*
This simply means therefore that even when a buyer has secured a land with a Certificate of Occupancy, he shouldn't stop there.
He needs to begin the process of obtaining a Governor's consent to make that purchase legal in the eyes of the government & be rest assured his land is safe.

*DEED OF ASSIGNMENTS*

Most people have the title documents to their cars intact & in safe places but fail to ask for the Deed of assignment to their properties which is several times more valuable than cars

*A Deed of assignment* is one of the transactional document drawn up by a real estate attorney between the current title holder for a particular property & the new buyer.

In real property transactions, a deed of assignment is a legal document that transfers the interest of the owner of that interest to the person to whom it is assigned, *the assignee.*
When ownership is transferred, the deed of assignment shows the new legal owner of the property.

The deed contains very pertinent information for a real estate transaction. It spells out the date when the ownership of the property transfers from one owner to the other.
The deed also gives a specific description of the property that is included in the transfer of ownership.

It is very compulsory & mandatory for a Deed of Assignment document to be recorded at the appropriate land registry to show legal evidence as to the exchange of ownership in any land/landed property transaction in order to make the general public and government aware of such exchange or transaction.

*Question:* How long does it usually take on average for a land to be fully excised?

*Answer:* Excision is given by the Governor of the state & there is no specific time for issuance of Excision. Sometimes, excision can be delay due to political reason.

Once a C of O had been issued on a particular land, it's takes 99 years before it can expire after which it can be renewed.
You can not process C of O on land that already has C of O.

C of O is C of O everywhere. When they said *Global,* it means the C of O in questions covers a very large expanse of land.

*Question:* How long does it usually take on average for a land to be fully excised?

*Answer:* Excision is given by the govenor of the state and there is no specific time for issuance of Excision. Sometimes excision can be delay due to political reason.

*Question:* Does this mean that *"Lands has to at least be excised before it can be sold or transferred to someone else" ?*

*Answer:* You become rightful owner of the land once the government released it to you via excision.

Though Governments recognise ancestral land ownership as excision is the right of the indigenous land owners.

Contact us on 07088999644 for more enquiries.