Types Of Land Titles & Documents In Lagos : The Importance, How To Obtain Them And All You Need to Know
Navigating the Lagos property market can be incredibly rewarding, but understanding the types of land titles is crucial for a secure and smooth transaction. Land titles & documents serve as proof of ownership, govern transfer rights, and protect your investments. Below is a guide on the essential land titles you need to know about, plus tips on how to get each document for your property purchase or investment. Let’s explore the types of land titles.
TYPES OF LAND TITLES
1. Certificate of Occupancy (CofO)
The Certificate of Occupancy (CofO) is one of the most essential types of property title documents in Lagos. Issued by the Lagos State Government, the CofO certifies the holder’s legitimate right to occupy land in Nigeria for up to 99 years, as per the Land Use Act of 1978.
How to get a CofO
Obtaining a CofO involves a formal application process with the Lagos State Government. For those buying property with an existing CofO, ensure it’s valid and correctly transferred to avoid complications.
Remember: A valid CofO is your strongest assurance of property rights and long-term security.
2. Deed of Assignment & Governor’s Consent
A Deed of Assignment records the transfer of ownership from one party (the assignor) to another (the assignee), especially crucial if the property has had previous owners. In addition, Governor’s Consent is required for any change of ownership, legally validating the transfer and ensuring adherence to Lagos State property laws.
How to Get a deed of assignment/governor’s consent
Ensure the seller provides a properly signed Deed of Assignment drafted by a lawyer. Apply for the Governor’s Consent, which involves review and approval by the state government, for your land title document to be recognized.
Note: A registered Deed of Assignment with Governor’s Consent confirms your property rights under Lagos law
3. Deed of Gift
A Deed of Gift is a type of property title document used to transfer ownership without financial exchange, such as between family members. It legally formalizes the transfer, making it a widely-used land title document in family transactions.
How to get a Deed of Gift
The donor and the recipient must agree to and sign the Deed of Gift. To make it legally binding, register it with the appropriate land registry.
Tip: Registering a Deed of Gift ensures the donee’s rights are recognized and legally binding.
4. Deed of Sublease
A Deed of Sublease is required when a property or part of it is leased out for a term shorter than the original lease period. This document specifies the subleasing terms, conditions, and responsibilities.
How to get a deed of sublease
The primary leaseholder and the subtenant should draft and sign the Deed of Sublease, specifying the agreed-upon terms. Be sure to register it with the land registry if required.
Ensure landlord consent: A Deed of Sublease without approval from the original landlord may risk your subleasing rights.
5. Probate & Letter of Administration
Probate or a Letter of Administration is necessary when the property owner passes away, transferring rights to the deceased’s beneficiaries. If the deceased left a will, probate is needed; otherwise, a Letter of Administration is required.
How to get a probate and letter of administration
The executors or family members must apply to the Probate Registry for a grant. These documents legally recognize the right of inheritors to the property, ensuring inheritance aligns with the law.
Apply promptly: Probate and Letters of Administration secure a smooth inheritance transition.
If you’re looking to buy, rent, or sell property, let CW Real Estate Lagos help you navigate the complexities of all things concerning properties. Our experienced team is here to guide you every step of the way!
