Wednesday 5 February 2014

Guidelines for Aquisition of Land In the Federal Capital Territory, Abuja, Nigeria.

Land acquisition in Abuja, FCT,Nigeria, could be tedious especially when
one is not a residence or when one is ignorance of the proccess. One can own
a plot of land by direct allocation either from any of the six area councils or
directly from the administration of the Federal Capital Development Authority
(FCDA). Alternatively, one could also aquire land by buying from a person who
has been previously allocated by either the FCT or any of the area councils, or
some one who has bought from a direct allotee.

The most simplest way of land acquisition in the FCT is through purchase,where
an individual or corporate body wants a piece of land for whatever purpose, and
at a certain size and location, has the money to pay for it.
These tips will certainly assist a prospective buyer, if strictly adhere , to make a
good buy.

1. The first mistake a prospective buyer could make when looking for a suitable plot
of land is to entrust the process on a friend,relatve or well wishers, who knows little to
nothing about the FCT land matters. Abuja is one of the fastest growing city in the
world today.Therefore, land acquisition is one of the most lucrative business in the capital
city and must be handled efficiently to acheive the best result. There are lots of land
agents who could help source for and get the desire land documents which could meet
the needs of the buyer without the influence of a friend,relative or brother who knows
nothing about the business. Therefore, the services of a honest land agent or a land
surveyor is very imperatives in acquiring a landed property in the FCT.

2. When the documents of the land in view is eventually found, it is very important
for the buyer to conduct a proper search for the documents. Search for land documents
are done either in the area council that issued the offer letter of allocation, if the land
is a customary land i.e Abuja Municipal Area Council, Abaji Area Council, Bwari Area
Council, Gwagwalada Area Council, Kuje Area Council or Kwali Area Council. Search
for federal land are hitherto conducted in the FCDA but now moved to the Abuja
Geographic Information System (AGIS), the agency of the Federal Capital Develop
ment Authority (FCDA) on land matters. It is important to know that when a land
searchis being conducted, a certain receipted fee should be paid to the searching authority,
and the result of the search formally given to the person conducting the search. This
is important to establish the genuiness of the names on either the offer letter of allo
cation or the certificate of occupancy(C of O) offered for sale. And again, search for
land document could best be conducted by either a lawyer or a land surveyor of
repute.

Search for a land that is already certificated is more easier than a land that has not
been proccessed, as in offer letter of allocation, because a genuine certificated plot may
not have encuberances of locational problems. But a letter of offer of allocation
may be difficult to locate, considering the fact that the data, and other cordinates that
may assist the locational proccess may not be available at the time of purchase. So,
it is important to engage a professional land surveyor to conduct search on the
availability of the land in view before purchase. A land surveyor will be able to
determine the location of the plot and if need be, establish the beacons and the
cordinates.

3. In the case of land that is already certificated, the Technical Deeds Plan (TDP)
embedded in the certificate of occupancy will give the cordinate properties that
will indicate to the buyer the actual size, position, access, and the adjoining plots,
since the TDP is the actual representation of the plot on land in paper. Therefore,
a buyer must recognise the important of the TDP or is it the Rigth of Occupancy
(R 0f O) as it is known in the local parlance. A prospective buyer must do a good
on the this part of the land document to acheive a good buy.

4. The Deeds Of Assignment or Conveyance. This is the trace of history of the land
trasfers of ownership till date. The conveyance gives information about the true
owners of the land from A to B to C. It is important that a buyer must conduct a
proper search on this document to establish the true owner of the land before
payment is made. An agent could deceive a buyer by presenting a fake owner to
assume the identity of the original owner, may tell the buyer that the real owner
is fictitious or may outrightly coerse the buyer to buy instantly without conducting
a proper search on this aspect. Buyer must engage the services of a property lawyer
to do a thorough search of the conveyance before entering into payment arrangement,
otherwise, a buyer's money may go down the drain while the land will remain where
it was. A buyer must also sign a conveyance with the owner of the land when eventually
the deal is done.

In conclusion, buyers must endeavour to go through all the procedures above to
safegaurd his money to avoid losing it, afterall, as I said earlier, it is your money
that will go down the drain while the land remains where it was.

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