Ibeju Lekki, Lagos, Lekki, Property, Real Estate, Silver Pacific Homes

ROYAL COUNTY ESTATE

Royal County Estate offers great opportunity to own a quality home in a family friendly serene environment with amazing infrastructures for luxury living.

It has a beautifully designed layout in a serene environment featuring a smart city with 21st-century facilities.

Title: Excision
Price: 2,800,000 Naira
Size: 600 square meters

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FEATURES

– Gate House

– Perimeter Fencing

– Good Road Network

– Good Structured Layout

NEIGHBOURHOOD

– 7 min From Dangote Refinery

– Lekki Free Trade Zone

– LA Campagne tropicana resort 1 minute

– Pan African University

– Lekki Free Trade Zone

– The New Seaport

– 2 Golf Courses

– Several Upcoming Gated Estates.

– Proximity to waterfronts

If you are interested in the property, please send an email.

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Blog, Real Estate

IMPORTANT DOCUMENTS IN REAL ESTATE BUSINESS

1. SURVEY PLAN

A Survey Plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of that land. The people that handle survey issues are Surveyors and they are regulated by the Office of the Surveyor General in Lagos as it relates to survey issues in Lagos.

A Survey Plan must contain the following information:

  • The name of the owner of the land surveyed
  • The address or description of the land surveyed
  • The size of the land surveyed
  • The drawn out portion of the land survey and mapped out on the survey plan document
  • The beacon numbers
  • The surveyor who drew up the survey plan and the date it was drawn up
  • A stamp showing the land is either free from Government acquisition or not
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Sample Survey Plan from Land Information New Zealand

2. EXCISION

The Land Use Decree of the 28th of March, 1978 vested all lands in every state of the Federation under the control of the State Governors. The Land Use Act coupled with other laws made it possible for the Governor who was now the owner of all lands in the state to actually have the power to acquire more land compulsorily for its own public purpose to provide amenities for the greater good of the citizens.

Fortunately, the government recognizes that indigenes of different sections of the country have a right to existence, a right to the land of their birth. Hence, it is customary for state government to cede a portion of land to the original owners (natives) of each area.

An Excision means basically taking a part from a whole and that part that has been excised, will be recorded and documented in the official government gazette of that state. By having it recorded into the government document, it means the land has now been gazetted.

3. GAZETTE

A Gazette is an Official record book where all special government details are spelt out, detailed and 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 and not anything outside those hectares of land given or excised to them.

A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant title to the villagers. A community owning a gazette can only sell land to an individual within those portions that have been excised to them and the community or family head of that land has the right to sign your documents for you if you purchase land within those excised acres or hectares of land.

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Sample official Lagos State Gazette

4. DEED OF ASSIGNMENT

A Deed of Assignment is an agreement between the Seller of a Land or Property and a Buyer of that Land or property showing evidence that the Seller has transferred all his rights, his title, his interest and ownership of that land to that the Seller that has just bought land.

For a Deed of Assignment to be exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded Deed of Assignment come in the form of either a Governor’s Consent or Registered Conveyance

5. CERTIFICATE OF OCCUPANCY

A Certificate of Occupancy (C of O), issued by the Lagos State Government, officially leases Lagos land to you, the applicant, for 99 yrs. As already indicated above, all land belongs to the Government.

A C of O however is the officially recognized Document for demonstrating Right to a Land.
What happens after 99 years? That question is still subject of debate among experts. Most have adopted a wait-and-see attitude. Others postulate that as the new owner of the land, you the buyer, can renew the certificate of occupancy when it expires.

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Sample Certificate of Occupancy

Click here to check our affordable properties.

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Ibeju Lekki, Lagos, Lekki, Property, Real Estate

WEXFORD ESTATE IBEJU LEKKI

You will love this charming Estate with spectacular panoramic views and a hideout from noise and chaos associated with most part of Lagos.

This estate offers 600sqm (60ft by 100ft) generous spaces to move about (without losing that quaint, cosy atmosphere).

Wake up each morning to awe-inspiring sunrises in the East of Lagos new Dubai city and drift off to sleep each night with the tranquil sounds of nature. Situated in a friendly community with exciting neighbours.

LOCATION:
Itamarun, Ibeju Lekki, 5 minutes’ drive from the Dangote Refinery and 1 minutes from the Dangote Ferry
TITLE:
Excision in Progress
SIZE:
600sqm
PROMO OFFER:
BUY 5 GET 1 FREE
PRICE:
N900,000

WHY BUY INTO WEXFORD HOME?
• 100% Dry Land
• Quick Return on Investment
• Strategic Location; 5 Minutes’ drive from Dangote Refinery
• Excellent estate facilities
• Free from encumbrances

For further details, send an email.FB_IMG_1534823546262.

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Abuja, Blog, Lagos, Property

Documents You Need To Maintain Sanctity Of Ownership of Land

For various reasons, several people, especially new investors, venture into property business without first acquiring the land appropriately via procurement of necessary documents. This has cost some landed property owners more than they ought to have paid.

For the avoidance of doubts, anyone going into property whether for business or for residence, it is advisable he knows the land, surveys it and finds out if it is not part of government acquisition in state or local government, mapped out for the original land owners or whether it falls within the area the government has taken for public development.

It is also important to ascertain how the land in question is gazetted and under which heading it was recorded. You also must have an agreement document between you, the buyer, and the seller, to permit you to take actions on the land. From that point and with these at hand, you proceed to apply for the certificate of occupancy (C of O). Those who are unable to go through all these are likely to fall prey to zealous government officials and eventually lose the landed property.

With you having a clear understanding of all land titles, you would be guided aright when you are making investment decisions in real estate. Some of the basic documents clients are advised to understand their full definitions including but not limited to the underlisted as there are many other petty terminologies we may not explicitly discuss.

Survey plan of the land in question

For one to lay claim to any landed property, he must have surveyed the piece of land and have the survey plan. A survey plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of the land.

The people that handle survey issues are surveyors and they are regulated by the office of the Surveyor General in any state of the federation where the deed is taking place. Whether the survey plan is done in Igbakwu, Onitsha, Ibadan, Kaduna or Gombe, it must contain the following pieces of information: the identity of the owner of the land surveyed; the area description of the land surveyed; the area covered by the land surveyed; the drawn out portion of the land survey and mapped out on the survey plan document; the beacon numbers; the surveyor who drew up the survey plan and the date it was drawn up; a stamp showing the land is either free from government acquisition or not. Please note that there are two kinds of survey plan – approved and provisional survey excision.

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Excision

A new person in a state may not know where government has mapped out as no go area. In this regard, the Omoniles may deceive the buyer into committing a huge sum of money into a land that has been claimed by government for public development.

But with your knowledge of these and other laws, you can understand that it is legal for the governor, who is the owner of all lands in the state, to actually have the power to acquire any land compulsorily for the purpose of providing amenities for the greater good of the citizens. This may include your own land.

Fortunately, the government recognises that indigenes of different sections of the country have a right to existence and also a right to the land of their birth. Hence, it is customary for state governments to cede a portion of land to the original owners (natives) of each area. If you are buying from these families in these areas, you are then safe from government acquisition.

An excision means basically taking apart from a whole and that part that has been excised will be recorded and documented in the official government gazette of that state. In other words, not having an excision means the land could be seized by the government any time without compensating you even if you bought it “legitimately” from the Baale or the original dwellers on the land.

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Remember to follow the blog for more on the Nigerian Real Estate sector. You can contact us if you are ready to find affordable property.

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Blog

Proposed Excision VS Excision in Progress

Adebowale Olatubosun

I am moved to write this piece as a result of lack of understanding or interpretation of the two subject matters. I am very sure that at the end of this piece, you would have been educated.

The word EXCISION as described by many people in the industry is taking a part out of a whole of a parcel of land and returning it to the root owners whom same was taken from by the virtue of the land use law.

By law, families, community and villages has right to apply for Excision and such can granted after several works and considerations is taken by the government.

An excision of a parcel of land is seen to be in process after which an intention for this has been commenced and communicated by making all the necessary applications to the committee or body set up by the government to be in charge, and also with the ministry of lands and the office of the surveyor general of the state.

After all these have been done and some relevant fees made, the committee in charge acknowledges these moves by assigning an excision file number to the application. This connotes that the government recognises the commencement of the application for excision and all other exercises can hitherto continue until the excision will be granted or denied. At this junction, the said land can be referred to as one undergoing excision or as commonly said, “Excision in process or in progress.”

Proposed excision on the other hand is a land that is recognised to be under acquisition and entitled to apply for an excision but this process has not been initiated at all.

It will be an error of the highest order for any consultant or realtor for that matter to equate excision in process land with a land with a proposed excision.

Before I close on this, let me reiterate it here that not all excision process is granted and secondly, both status as explained above are not a land title and shouldn’t be treated as one.

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