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Land Use Act (Cap L5, LFN 2004)
ActNigeria Fonte: Laws of Nigeria
PropertyLandReal EstateCertificate of Occupancy
Resumo (em inglês simples)
Vests all land in a state in the Governor, who holds it in trust. Key points: 1) Governor grants statutory Right of Occupancy (C of O) for urban land. 2) Local government grants customary Right of Occupancy for rural land. 3) All land transactions require Governor consent for assignment. 4) C of O is the primary evidence of land rights. 5) No individual can hold a freehold interest. Foreign nationals can hold land only through Nigerian-registered companies or with Governor approval.
O que isto significa para si
- • All land is technically held by the state Governor
- • Certificate of Occupancy (C of O) is the strongest title document
- • Governor consent required for all land transactions
- • No freehold — only leasehold (Right of Occupancy)
- • Due diligence and title verification essential before buying
Fonte original
https://lawsofnigeria.placng.org/laws/L5.htmConteúdo proveniente de Laws of Nigeria. Consulte sempre o documento oficial para obter o texto que faz fé.
Não constitui aconselhamento jurídico. Este resumo tem fins meramente informativos. A ONIM não armazena nem republica textos jurídicos integrais. Consulte sempre um profissional de direito qualificado para obter aconselhamento adequado à sua situação.