ARP-MONTHLY-NEWSLETTER

It is undisputed facts that “SECURED PROPERTY IN HAND LEADS TO PEACE IN MIND”, so how do we achieve this?

In this week’s newsletter we would like to share some helpful articles as regards purchasing Landed property in Nigeria. (With focus on Lagos state).

1. 5 Things to know about the Land Use Act.

2. 5 Things to know about the Lagos State Lands Registration Law.

3. Requirements for Land Title Registration in Lagos State.

4. Benefits of Efficient Land Registration System in Lagos State.

5. Challenges of Land Title Registration in Lagos State.

We hope you find the articles useful and interesting, and if you do please share them with your network…you never know who might need the information.

In the meantime, do have a lovely week ahead and don't forget:

Follow us on social media if you are not already doing that: on Twitter, Instagram and Google+ @AmanRoyalPartners, and like our Face book page at www.facebook.com/amanroyalpartner.

If you have enjoyed this newsletter and/or have found some articles on our website http://www.amanroyalpartners.com/faq very helpful, why don’t you return the favour to us and leave a review on our website: http://www.amanroyalpartners.com/. We would be extremely grateful.

Get in touch! Speak to one of our agents today! We look forward to your contact — and we’re ready to help you: http://www.amanroyalpartners.com/contact.

Legal term of the week: “deed” – a written instrument, which has been signed and delivered, by which one individual, the grantor, coveys title to real property to another individual, the grantee; a conveyance of land, tenements, or hereditaments, from one individual to another.

Have a blessed week from all of us at AmanRoyal!
Regards,
AmanRoyal Team.

Comments

WHAT IS A BUILDING PLANNING PERMIT APPROVAL?

Aman royal partners This is a document issued by a government agency certifying a building's compliance with applicable building codes and other laws, and also indicating it to be in a condition suitable for occupancy. It is evidence that the building complies substantially with the plans and specifications that have been submitted to, and approved by the government authority. Some persons bear in mind that the clogs in securing building plan approvals are too demanding financially and prefer to direct available funds to the construction proper. However, the purpose of obtaining a building plan permit approval is to prove that, according to the law, the house or building is in habitable condition. Here in Lagos State, obtaining a building plan permit is generally required whenever there is: Ø New Construction/Development - Newly constructed buildings usually need to apply for a building plan permit. Ø Renovation –For change

WHEN WAS THE LAND USE CHARGE LAW RE-ENACTED?

The Lagos State House of Assembly on 29 th January 2018 , passed a Law to Provide For The Consolidation Of Property And Land Based Charges And Make Provisions For The Levying And Collection Of Land Use Charge In Lagos State; otherwise referred to as the Land Use Charge Law of Lagos State, 2018 (the “LUC Law”). The LUC Law repeals and replaces the Land Use Charge Law, 2001. Similar to the 2001 law, the LUC Law provides for a unified ‘Land Use Charge’ which consolidates all property and land based rates and charges payable under the Land Rates Law, Neighborhood Improvement Charge and all Tenement Rates; and provides that such other rates shall cease to apply to any property on which land use charge has been levied. Unlike the 2001 law, the LUC Law goes a step further to repeal the Land Rates Law and Neighborhood Improvement Charge Law, as well as the Land Use Charge Law, 2001 thereby creating a clearer regulatory framework for land based rates and charges within t

5 THINGS TO KNOW ABOUT THE LAND USE ACT

The LAND USE ACT was enacted to vest all Land compromised in the territory of each State (except land vested in the Federal government or its agencies) solely in the Governor of the State , who holds such Land in trust for the people and would henceforth be responsible for allocation of land in all urban areas to individuals resident in the State and to organisations for residential, agriculture, commercial and other purposes while similar powers will with respect to non-urban areas are conferred on Local Governments.(27th March 1978) Commencement. 1. When was it enacted? The Land Use Decree (now Land Use Act) was promulgated on 29 th , March 1978 following the recommendations of a minority report of a panel appointed by the Federal Military Government of the time to advice on future land policy. With immediate effect, it vested all land in each state of the Federation in the governor of that state (Fed. Rep. of Nigeria, 1978). 2. Why it was enacted? The

Land documentation

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