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1. Parties: Identification of the Seller and Buyer with full legal names, addresses, and contact information
2. Background: Brief context of the transaction and confirmation of the Seller's right to sell the property
3. Definitions: Key terms used throughout the agreement including Property, Completion Date, Purchase Price, etc.
4. Property Description: Detailed description of the property including address, land registry details, boundaries, and title information
5. Purchase Price: The agreed purchase price, payment terms, deposit requirements, and payment schedule
6. Conditions of Sale: Essential conditions that must be met for the sale to proceed, including title verification and governor's consent
7. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, absence of encumbrances, and authority to sell
8. Buyer's Representations and Warranties: Buyer's confirmation of capacity to purchase and compliance with payment terms
9. Completion Process: Steps for completing the sale, including document preparation, payment, and property handover
10. Risk and Insurance: Responsibility for the property between contract signing and completion
11. Default Provisions: Consequences and remedies if either party fails to meet their obligations
12. Governing Law: Confirmation that the agreement is governed by Nigerian law
13. Execution: Signature blocks and execution requirements
1. Fixtures and Fittings: Detailed list of items included/excluded in the sale, used when there are specific items to be included or excluded
2. Property Condition: Details of the property's current condition and any known defects, recommended when selling older properties
3. Service Charges: Details of any ongoing service charges or maintenance fees, needed for properties in estates or managed developments
4. Planning Permissions: Details of existing planning permissions or restrictions, required if property has special permits or pending applications
5. Environmental Matters: Environmental considerations or restrictions, necessary for properties in environmentally sensitive areas
6. Tenant Rights: Details of existing tenancies, required if property is sold with sitting tenants
7. Special Conditions: Any unique terms specific to the transaction, used when standard terms need modification
1. Schedule 1: Property Details: Comprehensive legal description of the property including survey plans and title documents
2. Schedule 2: Fixtures and Fittings List: Detailed inventory of items included in or excluded from the sale
3. Schedule 3: Payment Schedule: Breakdown of payment terms including deposit, installments, and completion payment
4. Appendix A: Property Documents: Copies of relevant property documents including title documents and survey plans
5. Appendix B: Property Photographs: Recent photographs of the property documenting its current condition
6. Appendix C: Land Use Approvals: Copies of relevant land use approvals and permits
Real Estate
Property Development
Legal Services
Construction
Financial Services
Urban Planning
Property Management
Banking
Insurance
Legal
Real Estate
Compliance
Risk Management
Property Management
Documentation
Finance
Administrative Services
Land Registry
Transaction Processing
Property Owner
Real Estate Investor
Legal Counsel
Property Manager
Compliance Officer
Risk Manager
Financial Controller
Land Administrator
Property Developer
Urban Planning Officer
Title Registration Officer
Legal Documentation Specialist
Real Estate Transaction Manager
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