Real estate blog in nigeria for infos : Eugyconsults

Take full advantage of ‘IBEJU LEKKI (LEKKI FREE TRADE ZONE)’ developing property, sector.

2017-11-24T08:43:00.000-08:00

Real estate professionals have called on Lagos residents to take into consideration creating wealth through real estate by investing in Ibeju lekki (lekki free trade zone), illustrating it as the fast increasing neighbourhood in sub-Saharan Africa.

The industry professionals delivers a talk at the launch of Perfection Cooperative Estate Phase 1, located within Ibeju-Lekki at Sheraton Hotel and Towers.

Facts about the New Lagos, Ibeju-Lekki "Lekki Free Trade Zone"

Mr Debo Adejana, the guest speaker at the occasion stated: “the only investment with amazing capital appreciation is real estate, and so properties in Ibeju lekki is placed to return a minimum of 300 per cent in the next 3 to 5 years.”
He added that the community is growing to be the construction point of Africa, with the Dangote refinery, the Lekki Free trade zone and the second Lagos airport all at distinct phases of construction.

As said by the President of the cooperative society, Mr Niyi Adeleye; the launching scheme is the first phase in Ibeju-Lekki axis, stating that the 2nd phase is nearing completion even though there is another scheme fast developing in Ikorodu axis.

Among the products in ibeju lekki (lekki free trade zone), the cooperative society provides are 2 and 3-bedroom terrace apartments, blocks of flats and high-rise buildings which contains mixed apartment units, as well as plots of land for customized-building.

Facts about the New Lagos,Ibeju-Lekki,the "Lekki Free Trade Zone"

2017-02-09T10:46:00.000-08:00

Today, Numerous lagos residentials doesn't recognize what is occurring around here, Additionally Some know however, are still hesitant to purchase property(ies). I'm letting you know that, if you don't invest today you are missing on the grounds that tomorrow may past the point of no return, before you comprehend what is going on Lands will be sold unfathomable cost.

That is the reason i arranged this article to let individuals know more about lekki free trade zone.

1. Unique Location: It is within the reach of domestic market of Nigeria with a population of over 140 million people. It also has easy access to the neighboring countries in West Africa and central Africa with a population of 500 million people. It is within the easy reach of European and American market.

2. Provision of Infrastructure Good road networks, Communications Security system, The new Lekki International Airport, The new Lekki deep sea port, Dangote Refinery, Multinational Companies Industrial Estates Universities/Educational Institutions International standard sporting Facilities, World class hotels and many more...

Read also: EUC Homes Special Pricing Ending in 30 days!

3. Regional Characteristics Lekki Free Zone is about 50Km from Lagos city center, 70 Km from the Murtala Mohammed Int’l Airport (MMIA) and 10 Km from the new Lekki Int'l Airport. It is also about 50 Km from Apapa port, West Africa's largest harbor. The new Lekki deep sea port is located at the heart of the Lekki Free Zone and will be linked by rail and road network to all the commercial states of Nigeria and neighboring countries.

Imagine all these happening in your life time and you do not have an investment in this area, the BIG question is who will you blame about this? or what will your excuse be for not not buying into this great deal at Ibeju Lekki.

To avoid this regrets you easily visit contact us, lets help you find the best developing estate that suits your demand.

Read Also: Own a land @ ibeju lekki from euc homes

See construction already on-going:

Lekki International Airport (Work in Progress)

New Sea Port (Work In Progress)

Also Read: What is a Deed of Assignment?

Lekki Free Trade Zone

Dangote Refinery Site

I will realy love to hear from you, just Ask me questions either by comment or you can call and also send me mail. To succeed in real estate business, you need a mentor. Do do well to connect with me.

What is a Deed of Assignment?

2017-02-02T09:09:00.000-08:00

I took my time to research more concerning deed of assignment, After much research i came across this from omonile lawyers, i bet you majority of land buyers today don't collect this documents after purchasing plot(s) of land.

A deed of Assignment is one of the most important documents YOU MUST HAVE when you conclude a Land Transaction. In fact it baffles me that 6 out of 10 people I know who have bought lands in the past have no deed of assignment. They are always the first to complain that Omonile has defrauded them but they have no proof to show the property has been sold to them other than a receipt.

It’s funny that everyone has the title documents to their car showing who the seller was and how it was transferred from the Seller of that car to you the new owner but when it comes to landed properties which are 10 times more valuable than cars, we fail to ask for this one simple important document that can prove ownership of that land. What then is this all important deed of Assignment I am alluding to? This can be found from the following definitions below:

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.

The Deed of Assignment acts a main document between the buyer and seller to show proof of ownership in favour of the seller. The person or Seller who transfers his rights or interests in that property is usually called the Assignor and the person who receives such right or interest from the Seller is called the Assignee.

A Deed of Assignment therefore is an Agreement where an assignor states his promise that from the date of the assignment or any date stipulated therein, the assignor assigns his ownership in that Land to the assignee. The deed contains very pertinent information for a real estate transaction. For one, 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.

In most situations, when the Deed of Assignment has been 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. The Deed of Assignment spells out the key issues in the transaction between the Seller and the Buyer so that there won’t be any confusion or assumption after the property has been transferred to the new owner. Such Key issues include:

Signing a Deed of Assignment and having that Deed is your number 1 evidence against another person that is trying to claim ownership of that same land too. If you have a land and no deed yet, i feel sorry for you! Better consult your Lawyer to go draft one for you now to save yourself future problems

1. The Parties’ to the Agreement e.g between Mr A and Mrs K

2. The addresses of both parties and how it is binding on their successors, friends, colleagues and those representing them in any capacity.

3. The history of the land in question how it was first obtained down to the moment its about to be sold including and documents it previously had till this date

4. The agreed cost of the land and the willingness of the Seller to finally accept that price paid for the land

5. The description and size of the land to be transferred.

6. The covenants or promises both parties choose to undertake to perfect the transfer of the document

7. The signature of the parties to the Assignment and Witnesses to the Transaction

8. Finally the section for the Commissioner of Oaths or Governors Consent to sign and validate the agreement.

These are the important features of a Deed of Assignment and must be included in all Documents for it to be valid.

Don’t listen to any Omonile who tells you he doesn’t or the family doesn’t sign a deed of assignment and that it is only a receipt you need. He is only looking for a way to resell your land to another person and to use receipt as a ploy to prevent you from establishing true ownership of your land.

Always consult a property lawyer before you buy a land to help prepare a deed of assignment. It will be your greatest mistake if you don’t have one.

Below is a sample deed of assignment and how it looks so that you don’t fall victim of land swindlers

SAMPLE DEED OF ASSIGNMENT

The Cover of the Deed of Assignment must show the parties to the transaction and the description of the land sold

The first page of the Deed of Assignment must contain the parties to the transaction and the brief history of how the land became the Sellers property

The third page must contain the description of the land to be sold, the surveyor that did it, the cost of the land, the acceptance of the cost of the land and the promises both parties will make to themselves to abide with after the deal has been sealed.

The last page must show the signatures of the parties and the witnesses to that transaction and finally below , the section for the commissioner of oaths to endorse or the Governor to assent his consent to this transaction

Always consult with a lawyer before entering a legal contract.

Borrowed From - Omonile Lawyers