One of the biggest challenges property buyers face in Lagos is understanding land documentation. Here is a breakdown of the most important documents you need to know.
Certificate of Occupancy (C of O)
The C of O is the most important land document issued by the Lagos State Government. It proves the holder has statutory ownership of the land for a term of 99 years. Properties with a C of O are easier to transfer and attract higher value.
Deed of Assignment
This is a legal document that transfers ownership from the seller to the buyer. It must be duly signed by both parties, witnessed, and stamped at the Land Registry to be legally binding.
Governor’s Consent
Under the Land Use Act, any transfer of ownership on land with a C of O requires the consent of the State Governor. Without this consent, the transaction is technically invalid. The process takes 2-6 months and involves a fee.
Survey Plan
A survey plan shows the exact boundaries and dimensions of the land. It is essential for confirming you are buying exactly what is advertised and avoiding boundary disputes with neighbours.
Land Receipt / Purchase Receipt
If buying from a family or community (often called a “family receipt”), ensure the receipt clearly describes the land dimensions, location, and the full names of the buyers and sellers. While not a government document, it serves as evidence of transaction history.
Power of Attorney
Sometimes a seller may grant a Power of Attorney to a representative to handle the sale. Be very cautious with this arrangement and verify the POA is valid and registered.
Always work with a reputable real estate firm like KBSB HOMES and engage a property lawyer to verify all documents before committing your funds.