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Grant Bargain Sale Deed

Grant Bargain Sale Deed Template for Nigeria

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Key Requirements PROMPT example:

Grant Bargain Sale Deed

"I need a Grant Bargain Sale Deed for transferring ownership of a commercial property in Lagos State, Nigeria, from ABC Industries Ltd to XYZ Corporation, with completion scheduled for March 15, 2025; the property includes existing tenant leases that need to be acknowledged in the deed."

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Document background
The Grant Bargain Sale Deed is a fundamental legal instrument in Nigerian property law used to effectuate the transfer of real property ownership. This document type is particularly important in the Nigerian legal context where land ownership and transfer are governed by the Land Use Act 1978, which requires specific formalities including Governor's Consent. The deed serves as conclusive evidence of property transfer and must include detailed property descriptions, consideration amounts, and various warranties and covenants. It's commonly used in both commercial and residential property transactions, requiring careful attention to state-specific regulations and registration requirements. The document's format and content must comply with Nigerian statutory requirements, making it essential for legal practitioners and property professionals to understand its proper execution and registration procedures.
Suggested Sections

1. Parties: Identification of the Grantor (Seller) and Grantee (Buyer) with full legal names, addresses, and descriptions

2. Background: Recitals stating the Grantor's ownership, right to sell, and intention to transfer the property

3. Definitions: Definitions of key terms used throughout the deed

4. Consideration: Statement of the purchase price and confirmation of payment

5. Operative Words of Transfer: Formal words of conveyance stating that the Grantor grants, bargains, and sells the property to the Grantee

6. Property Description: Brief description of the property being transferred (with detailed description in Schedule)

7. Title Guarantee: Warranties and representations regarding the title of the property

8. Grantor's Covenants: Standard covenants including right to sell, quiet enjoyment, and freedom from encumbrances

9. Governor's Consent: Acknowledgment of obtaining or requirement to obtain Governor's Consent as per Land Use Act

10. Execution Clause: Formal execution block for parties' signatures, witnesses, and attestation

Optional Sections

1. Special Conditions: Include when there are specific conditions attached to the sale or property use

2. Existing Encumbrances: Include when there are existing charges, mortgages, or other encumbrances on the property

3. Planning Permissions: Include when the property involves specific planning permissions or restrictions

4. Environmental Warranties: Include for properties in industrial areas or with potential environmental concerns

5. Service Charges: Include for properties subject to service charges or maintenance fees

6. Rights of Way: Include when there are specific access rights or easements affecting the property

Suggested Schedules

1. First Schedule - Property Description: Detailed legal description of the property including boundaries, measurements, and plan references

2. Second Schedule - Title Documents: List of all title documents and their registration particulars

3. Third Schedule - Encumbrances: Details of any existing encumbrances, charges, or restrictions on the property

4. Appendix A - Property Plans: Survey plans and property drawings

5. Appendix B - Land Use Approvals: Copies of relevant land use approvals and permits

6. Appendix C - Governor's Consent: Copy of Governor's Consent or application details

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































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Relevant Industries

Real Estate

Property Development

Construction

Agriculture

Industrial Development

Commercial Property

Residential Property

Mining

Oil and Gas

Infrastructure Development

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Land Administration

Corporate Services

Documentation

Risk Management

Operations

Commercial

Relevant Roles

Legal Counsel

Property Lawyer

Real Estate Manager

Land Administrator

Property Developer

Conveyancing Lawyer

Compliance Officer

Real Estate Agent

Property Surveyor

Title Registration Officer

Land Registry Officer

Real Estate Investment Manager

Property Portfolio Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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