How the Lagos State Land Use Charge Affects Residential Landlords vs. Commercial Property Occupiers The Lagos State Land Use Charge (LUC) is one of the most significant recurring property-related obligations for real estate owners and certain long-term occupiers in Lagos. It consolidates several former property-based rates into a single annual charge administered by the Lagos…
Key Clauses Every Buyer Must Include in a Lagos Real Estate Contract of Sale to Protect Their Initial Deposit Buying real estate in Lagos often begins with the payment of an initial deposit, sometimes called an earnest payment, commitment fee, booking deposit, or part payment. This deposit demonstrates the buyer’s intention to complete the transaction…
The Step-by-Step Timeline for Processing a Certificate of Occupancy (C of O) for Agricultural Land in Epe Epe has become one of the fastest-growing agricultural investment destinations in Lagos State. Its vast land mass, relatively lower land prices compared to Lekki and Ibeju-Lekki, fertile soil, and improving road infrastructure have attracted investors into commercial farming,…
How to Avoid Fraudulent Real Estate Agents Using Fake Structural Allocation Papers in Yaba Student Housing Markets Yaba has become one of Lagos State’s most active rental markets due to the presence of major tertiary institutions, technology companies, business hubs, and commercial centres. Students attending the University of Lagos (UNILAG), Yaba College of Technology (YABATECH),…
Why a “Deed of Gift” Requires Governor’s Consent Before Selling the Property to a Third Party Buyer in Lagos A Deed of Gift is one of the legally recognized methods of transferring ownership of land or property in Lagos and throughout Nigeria. It is commonly used where a property owner voluntarily transfers land to another…
How to Process a Ratification or Regularization of Land Title for Properties Built on Unsurveyed Lagos Coastal Zones Lagos’ coastal corridor, stretching through areas such as Lekki, Ajah, Sangotedo, Ibeju-Lekki, Lakowe, Awoyaya, Okun-Ajah, Eleko, Epe, Victoria Island, Ikoyi, Banana Island, Oniru, and parts of the Atlantic coastline, has witnessed rapid real estate development over the…
The Risk of Buying Land with a “Court Judgment” Title in Prime Areas of Ikoyi and Victoria Island Prime real estate locations such as Ikoyi and Victoria Island represent some of Nigeria’s most valuable property markets. Their strategic location, premium infrastructure, international business presence, luxury residential developments, and high investment demand make them attractive destinations…
How to Check for Hidden Bank Mortgages or Litigations on a Property at the Alausa Land Registry Purchasing real estate in Lagos is a significant financial commitment, particularly in high-value locations such as Ikoyi, Victoria Island, Lekki, Ikeja, Surulere, and Ibeju-Lekki. One of the biggest risks buyers face is acquiring property that is secretly subject…
The Role of the Lagos State Special Taskforce on Land Grabbers in Resolving Omo-Onile Encroachment Disputes The activities of Omo-Onile groups and other land grabbers have long been among the greatest challenges facing real estate development in Lagos State. Property owners, developers, estate surveyors, investors, and homebuyers have experienced unlawful encroachment, forceful occupation of land,…
How to Calculate the Exact Cost of Obtaining Governor’s Consent for a Four Bedroom Terrace House in Lekki Phase 1 Governor’s Consent is one of the most important stages in perfecting a property title in Lagos State. For buyers of premium residential properties in Lekki Phase 1, obtaining Governor’s Consent provides formal government approval for…