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Real Estate Property Release Form for Nigeria

Real Estate Property Release Form Template for Nigeria

A Real Estate Property Release Form under Nigerian law is a formal legal document that facilitates the relinquishment of rights, claims, or interests in real property from one party (the releasor) to another (the releasee). The document operates within the framework of Nigerian property law, particularly the Land Use Act of 1978, and requires compliance with state-specific property regulations. It includes detailed property descriptions, explicit release language, and necessary declarations to ensure the valid transfer of property rights, while incorporating required elements such as witness signatures and proper authentication under Nigerian law.

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Real Estate Property Release Form

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What is a Real Estate Property Release Form?

The Real Estate Property Release Form is a crucial document in Nigerian property transactions, used when one party needs to formally relinquish their rights or interests in a property. This document is essential in various scenarios, including resolving property disputes, clearing title issues, or facilitating property transfers. It must comply with the Land Use Act of 1978 and relevant state property laws in Nigeria. The form typically includes detailed property descriptions, party information, release declarations, and necessary authentication elements. It's particularly important in situations involving family land, community property, or when multiple parties have interests in the same property. The document serves as legal evidence of the release and protects both the releasor and releasee in future property dealings.

What sections should be included in a Real Estate Property Release Form?

1. Parties: Identification of all parties involved - the Releasor (person/entity releasing rights to the property) and Releasee (person/entity receiving the release), including full legal names and addresses

2. Background: Context of the property release, including history of ownership and reason for the release

3. Definitions: Key terms used in the document, including property-specific terminology and legal concepts

4. Property Description: Detailed legal description of the property being released, including boundaries, measurements, and registration details

5. Release Declaration: Explicit statement of release, clearly stating that the Releasor gives up all rights, title, and interest in the property

6. Consideration: Statement of any payment or consideration given in exchange for the release

7. Representations and Warranties: Statements confirming the Releasor's authority to release the property and that the property is free from encumbrances

8. Governing Law: Specification that Nigerian law governs the agreement, with specific reference to the Land Use Act

9. Execution: Signature blocks for all parties, witnesses, and commissioner for oaths

What sections are optional to include in a Real Estate Property Release Form?

1. Spousal Consent: Required when the property is matrimonial property or when spousal rights might be affected

2. Community/Family Acknowledgment: Needed when the property involves community or family land under customary law

3. Environmental Representations: Required when there are environmental concerns or previous industrial use of the property

4. Outstanding Obligations: Details of any remaining obligations or conditions related to the property

5. Dispute Resolution: Alternative dispute resolution mechanisms if parties wish to specify them

6. Language of Release: Required when parties speak different languages, confirming the document has been explained in local language

What schedules should be included in a Real Estate Property Release Form?

1. Property Details Schedule: Comprehensive technical description of the property, including survey plans and coordinates

2. Title Documents: List and copies of all relevant title documents, including Certificate of Occupancy or other proof of ownership

3. Payment Details: If applicable, breakdown of any consideration paid or to be paid

4. Photographs: Recent photographs of the property and its boundaries

5. Previous Agreements: Copies of any relevant previous agreements or releases affecting the property

Authors

Alex Denne

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

Jurisdiction

Nigeria

Cost

Free to use
Relevant legal definitions






























Clauses




























Relevant Industries

Real Estate

Construction

Banking and Finance

Legal Services

Property Development

Infrastructure

Commercial Property Management

Residential Property Management

Agriculture

Industrial Development

Hospitality

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Documentation

Land Administration

Corporate Affairs

Asset Management

Risk Management

Operations

Relevant Roles

Real Estate Manager

Property Lawyer

Legal Counsel

Property Development Manager

Land Administrator

Estate Agent

Property Rights Officer

Compliance Officer

Real Estate Investment Manager

Title Registration Officer

Property Documentation Specialist

Real Estate Transaction Coordinator

Land Survey Officer

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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