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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 Seller's ownership and authority to sell
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including address, boundaries, and registration details
5. Purchase Price and Payment Terms: Specified purchase price, payment schedule, and method of payment
6. Conditions Precedent: Conditions that must be met before the sale can be completed, including Governor's Consent
7. Seller's Representations and Warranties: Seller's guarantees regarding property ownership, condition, and encumbrances
8. Buyer's Representations and Warranties: Buyer's guarantees regarding financial capacity and compliance with laws
9. Closing Process: Details of the closing procedure, including document delivery and transfer of possession
10. Title Transfer: Process and requirements for transferring title, including registration requirements
11. Costs and Taxes: Allocation of transaction costs, stamp duties, and other fees
12. Default and Remedies: Consequences of default by either party and available remedies
13. Governing Law: Specification of Nigerian law as governing law and relevant jurisdiction
14. Notices: Process for sending formal notices between parties
15. Execution: Signature blocks and execution requirements
1. Property Inspection: Details of property inspection rights and procedures, used when buyer hasn't completed inspection
2. Financing Contingency: Terms related to buyer's financing requirements, used when purchase depends on mortgage approval
3. Tenant Rights: Provisions regarding existing tenants, used when property is currently leased
4. Planning Permissions: Details of existing or required planning permissions, used for properties under development
5. Environmental Matters: Environmental warranties and indemnities, used for industrial or potentially contaminated properties
6. Service Contracts: Treatment of existing service contracts, used when property has ongoing service agreements
7. Furniture and Fixtures: List of included/excluded items, used when sale includes movable property
8. Post-Closing Occupancy: Terms for seller's temporary occupancy after closing, used when seller needs time to vacate
1. Property Details Schedule: Detailed technical description of the property, including land area, buildings, and boundaries
2. Title Documents: List of all title documents and registration details
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Encumbrances Schedule: List of any existing encumbrances, easements, or restrictions
5. Inventory Schedule: List of included furniture, fixtures, and equipment (if applicable)
6. Outstanding Repairs Schedule: List of agreed repairs to be completed before closing
7. Required Consents: List of required governmental and regulatory approvals
8. Property Plans and Surveys: Technical drawings, surveys, and property plans
Real Estate
Property Development
Construction
Legal Services
Financial Services
Urban Planning
Property Management
Banking
Land Administration
Surveying
Legal
Real Estate
Compliance
Property Management
Risk Management
Finance
Corporate Secretariat
Administrative Services
Operations
Business Development
Property Owner
Real Estate Lawyer
Property Developer
Legal Counsel
Property Manager
Compliance Officer
Real Estate Investor
Land Administrator
Property Surveyor
Title Registration Officer
Real Estate Consultant
Finance Manager
Corporate Secretary
Risk Manager
Legal Administrator
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