12 Ways to Safeguard Your Home from Demolition in Lagos

How Safeguard Your Home from Demolition in Lagos

12 Essential Steps to Protect Your Property Investment in Lagos

Investing in real estate is a significant undertaking, especially in a bustling city like Lagos. To safeguard your home from potential demolition risks, consider these crucial steps:

  1. Get a Receipt:
    Always demand a purchase receipt when acquiring land, and if it’s a family land, ensure you have the family’s purchase receipt.
  2. Legal Documentation Matters:
    Ensure the land possesses a Certificate of Occupancy (C of O) and Governor’s Consent. If lacking a C of O upon purchase, promptly apply for one through a property lawyer.
  3. Lagos State Excision Approval:
    Verify that the land has received approved Lagos State Excision for an added layer of security.
  4. Survey Plan is Key:
    Invest only in lands with a registered survey plan to avoid complications. Even if given a survey by the seller, consult an independent surveyor to confirm its accuracy.
  5. Deed of Assignment:
    Protect your investment with a valid deed of assignment. This legal document, usually 10% of the property’s total cost, transfers ownership from the seller to the buyer.
  6. Avoid Risky Locations:
    Steer clear of lands near canals, pipelines, high-tension wires, main roads, and waterfronts, as they may be subject to government acquisition or demolition.
  7. Watch Out for Government Acquisition:
    Confirm that the land is not under Lagos State government acquisition, as these areas are earmarked for future government projects.
  8. No Court Cases:
    Avoid lands with ongoing court cases, as they pose a potential risk to your investment.
  9. Community or Family Matters:
    Be cautious with lands entangled in community or family issues to prevent complications in the future.
  10. Trustworthy Sources:
    Deal only with reputable agents and steer clear of fraudulent developers and dubious “omoniles.”
  11. Approved Building Plans:
    Ensure the property has proper approved building plans to avoid legal troubles.
  12. Independent Verification:
    Don’t rely solely on others; independently verify every property before exchanging money. Investing in verification is a small price compared to the potential pain of seeing your property demolished.
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Remember, taking charge and verifying your land today is an investment in securing your future. Protect your investment, avoid becoming a victim, and rest easy knowing your home is safe.

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