Before a property purchase: a due diligence starting point | Kislev Attorneys
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Real estate · Draft for review

Before a property purchase: a due diligence starting point

A practical list of questions and records to discuss with a lawyer before committing to a property transaction.

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EDITORIAL NOTE / DRAFT

Sample article draft · legal accuracy and firm scope must be reviewed before publication.

Start with the documents

A property decision is easier to assess when the documents, parties and proposed transaction are clear. Before paying a deposit or signing, gather the documents provided by the seller and record what has been promised about the property.

The Land Use Act is one part of Nigeria’s legal framework for land. The Act addresses the control and management of land and rights of occupancy. The particular facts and instruments matter, so a document that looks complete should still be reviewed in context.

Questions to resolve early

The following are useful topics to take to a qualified legal adviser. They are a starting point, not a substitute for a title search or advice on a specific transaction.

  • Who is selling, and what authority do they have to do so?
  • What land or property is described in the documents, and does that description match what is being inspected?
  • What approvals, consents, registration records or outstanding obligations may be relevant?
  • Are there occupants, tenants, competing interests or unresolved disputes to understand?
  • What conditions should be satisfied before money is released or completion takes place?

Keep the review specific

Lagos property transactions can involve several documents and public records. Which checks are suitable depends on the property, its history and the parties. Ask the lawyer reviewing the matter to explain the scope and limits of the proposed work before relying on it.

This draft is general information for discussion and is not an opinion on any property or transaction. Ask the firm to confirm whether this area and scope of work are currently available.

This draft is general information, not legal advice. It has not been reviewed or approved by the firm. Do not rely on it for a decision about a specific matter.

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