Lagos is Nigeria’s business hub and Africa’s most substantial economic capital. It is the most populous state in Nigeria, as its economic viability makes it attractive to thousands of Nigerians who move there for business and greener pastures.
Land is one of Lagos’ most admired assets as its real estate sector is one of the fastest growing in Africa. So, owning a plot of land or property in Lagos offers investors some competitive advantages.
However, land is not a commodity like Apple you go to the market to buy, get it in your bag and go home. If you are not conversant with the buying process, you might fall prey to land grabbers.
How To Buy Land In Lagos Nigeria Without Being Scammed
When you intend purchasing a property in any part of the world, you should investigate and verify its details and documents so that you don’t become a victim of land fraud. This helps to take off all bottlenecks, delay, or dispute that should arise between the parties involved. Ofcourse, prevention is better than cure. So seek expert help and assistance from professionals like Real Estate Consultants, Lawyers, Surveyors, etc when buying plots of land in Lagos Nigeria.
Preliminary Guide to Buying Land in Lagos
Land grabbing in Lagos Nigeria is not an issue to joke with. Despite the benefits of owning/buying land in Lagos, there are some cases of fraudulent activities requiring buyers to not just do their due diligence but be adequately aware of the buying process.
Buying land in Lagos is a dream come true for most Nigerians. However, it can be very complicated. As a matter of fact, buying land from the wrong person has shattered the dreams and aspirations of many.
This article presents a short guide and discusses an important document to look out for when buying land in Lagos.
The Survey Plan
A land Survey Plan is a vital document for determining the authenticity of a land. Without a land survey, there might be no way to recognize boundaries of a piece of land.
It is essential to know the title of the property (C of O, Excision, Governor’s Consent etc.). But it is much more essential to know if the title is defective. It is not uncommon for errors to occur when developing land titles. One aspect you should keep in mind before acquiring a property is to check the , compare the details with that of the land title and take a step further the chart the survey plan up at the office of the Surveyor-General.
Charting the survey plan up at the office of the Surveyor-General will uncover the flaw in the it and ownership of the land. Survey plan errors are usually generated from a typo or incorrect GPS parameters. And it cannot be detected by eyes because it is not possible to figure out land coordination of an area without verification.
Avoid Backdated Survey Plans
The date of the survey plan ought to be the date of completion of the survey or the date after the survey. If you employed a surveyor to survey your land in 2021 and the date of your survey plan is 2016, then you must understand that there’s a hassle. The survey plan was backdated.
is cheaper than a current survey. Many people use backdated survey plan because of its affordability. They are not aware that it is a scam because it will not be registered with the Surveyor-General.
