This article seeks to let you know in a nutshell few important things before you consider taking out a mortgage. A mortgage is simply a conveyance of land or assignment of chattel as a security for the repayment of a debt or discharge of other obligation for which it is given, with a provision for … Continue reading Things to Know Before Taking Out a Mortgage
It is not uncommon for a married couple to want to acquire property jointly as husband and wife. In fact, some consider it ideal. Even though they may have properties to their individual names, they may want to acquire some as a couple, maybe their matrimonial home, maybe for financial security in the event that … Continue reading Purchase of Property as a Married Couple
Have you ever wondered why a tenant is so powerful, such that at some point he becomes a torn in the flesh of the landlord? There have been circumstances where a landlord would even have to beg the tenant to leave his property. Have you asked yourselves why landlords don’t manage their property themselves? Once … Continue reading Tenant’s Right of Action In Trespass Against His Landlord
I heard once, on television, of a child of a celebrity in America who was less than 10 years old and had an estate worth millions in her name. Of course, she wasn’t the youngest business mogul in the world, her parents probably acquired the properties for her but they were in her name, they … Continue reading Can A Child Own Property in Nigeria?
Land. Ala. Ile. Kasa. it has become commonplace in our society. We walk it, we love it, we live on it (some in it), we buy it, we sell it, we farm it, we own it. It has become so valuable that some kill for it. It begs the question, what is Land? Why is … Continue reading Land and Land Ownership in Nigeria
One of the greatest investment opportunities is in land and one of the most frequent cases in court is also in relation to land. To prevent future frustration and struggles there is a need to ensure certain precautions and steps are taken when purchasing land. A summary paper like this cannot cover all the precautions … Continue reading Things to Consider when Purchasing Land: Entering Into A Competent Sale Of Land Agreement
A legal definition has it that tenancy is the transfer of interest in land for a fixed period less than three years. In other words, any duration more than three years is not a tenancy but a lease. (Do not trouble yourself trying to understand in depth what constitutes 'land', or the difference between a … Continue reading Covenants & Rights of a Tenant in a Tenancy Agreement/Restrictions on the Landlord’s Power of Ejection
Acquisition of property in Nigeria is a very broad subject, this text will limit it as much as possible to the basic but important things which the general public should be aware of. Every citizen of Nigeria has a right to acquire and own immovable property in Nigeria by virtue of Section 43 of the … Continue reading Land Acquisition in Nigeria