How to Know if a Property is Genuine in Lagos

How to Know if a Property is Genuine in Lagos

To know if a property is genuine in Lagos, Nigeria, you can take the following steps:

1.Verify the property documents: Are you looking to invest in a landed property in Lagos? Ensure the property’s genuineness by verifying its title. Lagos State’s efficient land documentation system provides titles that reveal ownership, location, and other crucial details. Prospective buyers can confirm ownership status before making a financial commitment.

Types of Landed Property Titles in Lagos
A. Certificate of Occupancy (C of O)
B. Governor’s Consent
C. Excision and Gazette
D. Grant of Probate
E. Right of Occupancy (R of O)
F. Registered Court Judgment

What Title Documents Reveal
A. Ownership status
B. Current owner’s name and information
C. Terms of usage
D. Property restrictions

Verify Titles with Relevant Agencies
Request title documents from the seller
Confirm authenticity with the Lagos State Land Bureau.

2. Conduct a search at the land registry: You can conduct a search at the Lagos State Land Registry to confirm the ownership status of the property and ensure that there are no encumbrances or disputes on the property.

3. Check the physical state of the property: Inspect the property physically to confirm that it exists and that it matches the description provided in the documents.

4. Seek the services of a lawyer: Engage the services of a qualified lawyer who specializes in property transactions in Lagos to help you verify the authenticity of the property documents and guide you through the purchase process.

5. Do your due diligence: Carry out extensive research on the property, the area where it is located, and the seller. You can also ask for recommendations from trusted friends or family members who have experience in buying properties in Lagos.

By taking these steps, you can help minimize the risk of purchasing a fake or fraudulent property in Lagos, Nigeria. It is important to note that Lagos is a high-risk area for property fraud, so it is crucial to be extra cautious and diligent when purchasing a property in Lagos.

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