Deed Of Sale Contract for Nigeria

Deed Of Sale Contract Template for Nigeria

A comprehensive legal document governed by Nigerian law that formally transfers ownership of property from a seller to a buyer. This deed serves as conclusive evidence of the transfer of ownership rights and must comply with Nigerian property law requirements, including the Land Use Act where applicable. The document contains detailed provisions covering the sale price, property description, warranties, completion requirements, and necessary regulatory approvals. It must be properly executed as a deed under Nigerian law, requiring sealing for corporate entities and appropriate witnessing, and must be stamped and registered with relevant authorities to ensure enforceability.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Deed Of Sale Contract

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Deed Of Sale Contract?

The Deed of Sale Contract is a fundamental legal instrument in Nigerian property transactions, used to formalize and document the transfer of ownership of property between parties. This document is essential when conducting property sales in Nigeria, whether for residential, commercial, or industrial purposes. It must comply with various Nigerian legal requirements, including the Land Use Act, Stamp Duties Act, and relevant state property laws. The deed includes crucial details such as party information, property description, consideration, warranties, and completion requirements. When dealing with land, additional requirements such as Governor's consent may apply. The document serves as conclusive evidence of the transfer and must be properly executed, stamped, and registered to be legally effective. A properly drafted Deed of Sale Contract provides security for both parties and helps prevent future disputes regarding the property transfer.

What sections should be included in a Deed Of Sale Contract?

1. Parties: Full legal names and addresses of the seller and buyer, including registration details if companies

2. Background: Context of the sale and brief description of the property being transferred

3. Definitions: Definitions of key terms used throughout the deed

4. Sale and Purchase: Core terms of the sale including the property description and purchase price

5. Consideration: Details of the purchase price and payment terms

6. Seller's Representations and Warranties: Seller's warranties regarding ownership, right to sell, and condition of the property

7. Completion: Details of when and how the sale will be completed, including transfer of title

8. Title and Registration: Provisions regarding transfer of title and registration requirements

9. Risk and Insurance: Transfer of risk and insurance obligations

10. Costs and Stamp Duty: Allocation of transaction costs and stamp duty obligations

11. Notices: How formal notices between parties should be given

12. Governing Law: Confirmation of Nigerian law as governing law

13. Execution: Formal execution blocks meeting requirements for a deed under Nigerian law

What sections are optional to include in a Deed Of Sale Contract?

1. Conditions Precedent: Used when completion is subject to certain conditions being met first

2. Governor's Consent: Required for land transactions under the Land Use Act

3. Third Party Rights: Used when there are existing tenants or other rights affecting the property

4. Environmental Matters: Important for industrial property or land with potential environmental issues

5. Tax Matters: Used when specific tax implications need to be addressed

6. Assignment: Used when transfer rights need to be restricted or clarified

7. Dispute Resolution: Alternative dispute resolution procedures if desired

8. Force Majeure: Used for sales with delayed completion where external factors might affect performance

What schedules should be included in a Deed Of Sale Contract?

1. Property Description: Detailed description of the property including boundaries, measurements, and registration details

2. Purchase Price and Payment Terms: Detailed breakdown of the purchase price and payment schedule

3. Title Documents: List of all title documents to be transferred

4. Encumbrances: Details of any existing charges, mortgages, or other encumbrances

5. Property Plans: Survey plans and property drawings as required by Nigerian law

6. Completion Requirements: Checklist of documents and actions required for completion

7. Form of Transfer: Template transfer document if required separately

Authors

Alex Denne

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

Jurisdiction

Nigeria

Publisher

Genie AI

Document Type

Sale Agreement

Cost

Free to use
Relevant legal definitions
Relevant Industries

Real Estate

Construction

Banking and Finance

Manufacturing

Retail

Agriculture

Mining

Oil and Gas

Hospitality

Industrial

Commercial Property

Residential Property

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Secretariat

Finance

Risk Management

Facilities Management

Business Development

Investment

Relevant Roles

Legal Counsel

Property Manager

Real Estate Director

Compliance Officer

Contract Manager

Company Secretary

Chief Legal Officer

Real Estate Agent

Land Administrator

Property Development Manager

Asset Manager

Facilities Manager

Investment Manager

Chief Financial Officer

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

Find the exact document you need

Bike Selling Agreement Letter

A legal document governed by Nigerian law that formalizes the sale and transfer of ownership of a motorcycle between parties, including key transaction details and compliance requirements.

find out more

Asset Sale And Purchase Agreement

A Nigerian law-governed agreement detailing terms and conditions for the sale and purchase of assets, including purchase price, warranties, and completion mechanics.

find out more

Simple Car Purchase Agreement

A Nigerian law-governed agreement for the sale and purchase of vehicles, detailing essential terms, conditions, and ownership transfer requirements.

find out more

Residential Lease For Single Family Home

Nigerian residential lease agreement for single-family homes, compliant with federal and state tenancy laws.

find out more

Sale Agreement Of Bike

A Nigerian law-governed agreement for the sale and purchase of a bike, detailing terms, conditions, and ownership transfer requirements.

find out more

Car Purchase Contract

A Nigerian law-governed agreement for the sale and purchase of a motor vehicle, detailing transaction terms and ownership transfer requirements.

find out more

Real Estate Listing Contract

A Nigerian-law governed agreement between property owner and real estate agent establishing terms for property listing, marketing, and sale/lease arrangements.

find out more

Deed Of Sale Of Motorcycle

A Nigerian law-compliant deed that formalizes the sale and transfer of ownership of a motorcycle between parties, including all necessary legal and regulatory requirements.

find out more

Real Estate Purchase Offer

A formal offer document for real estate purchase in Nigeria, outlining proposed terms and conditions in compliance with Nigerian property law.

find out more

Sales Commission Letter

A Nigerian-law governed document establishing commission-based sales arrangements between a company and sales representatives, outlining payment terms and performance expectations.

find out more

Sale Of Bike Agreement

A Nigerian law-governed agreement for the sale and purchase of a motorcycle or bike, outlining terms, conditions, and ownership transfer requirements.

find out more

Auto Purchase And Sale Agreement

A Nigerian law-governed agreement documenting the terms and conditions for the sale and purchase of a motor vehicle, including specifications, price, and ownership transfer details.

find out more

Agreement For Sale Of Flat

A Nigerian law-governed agreement for the sale and purchase of a flat, including terms, conditions, and requirements for property transfer.

find out more

Wholesale Contract

Nigerian wholesale contract template governing bulk sale arrangements between distributors and business customers, compliant with Nigerian commercial law.

find out more

Sale Agreement Online

A comprehensive online sale agreement template compliant with Nigerian e-commerce laws and regulations, suitable for both digital and physical goods transactions.

find out more

For Sale As Is Contract

A Nigerian law-compliant "For Sale As Is" contract template for transactions where goods or property are sold in their current condition without warranties.

find out more

Flat Buying Agreement

A legally binding agreement under Nigerian law for the purchase and sale of residential flats, detailing terms, conditions, and obligations of all parties involved.

find out more

Contract For Vehicle Sale With Payments

A Nigerian law-governed agreement for vehicle sale with structured payment terms, ensuring legal compliance and protecting both parties' interests.

find out more

Basic Sales Agreement

A standard Nigerian law-governed agreement outlining terms and conditions for the sale and purchase of goods between parties.

find out more

Tripartite Agreement For Sale Of Property

A Nigerian law-governed agreement between three parties for property sale, typically involving a seller, buyer, and financial institution or facilitator.

find out more

Sale Agreement For Bike

A Nigerian law-governed agreement detailing terms and conditions for the sale and purchase of a bike, ensuring legal compliance and protecting both parties' interests.

find out more

Oil Purchase And Sale Agreement

Nigerian law-governed agreement for oil purchase and sale transactions, incorporating local regulatory requirements and industry standards.

find out more

Contract For Sale Of House And Land

A Nigerian law-governed agreement for the sale and transfer of house and land property, incorporating Land Use Act requirements and detailing sale terms and conditions.

find out more

Resale Agreement Draft

Nigerian-law governed Resale Agreement template establishing supplier-reseller relationship with key commercial terms and regulatory compliance.

find out more

Scrap Vehicle Sale Agreement

A Nigerian law-governed agreement for the sale and transfer of vehicles intended for scrapping, ensuring compliance with local environmental and vehicle disposal regulations.

find out more

Sale And Construction Agreement

A Nigerian law-governed agreement combining property sale terms with construction obligations, detailing project specifications, timelines, and payment terms.

find out more

Real Estate Buyers Agreement Form

A standardized agreement form for real estate purchases in Nigeria, ensuring compliance with local property laws while protecting both buyer and seller interests.

find out more

Property Sell Agreement

A Nigerian law-governed agreement for the transfer of property ownership from seller to buyer, incorporating Land Use Act requirements and Governor's Consent provisions.

find out more

New Car Purchase Agreement

A Nigerian law-governed agreement for the purchase of a new vehicle, defining terms between seller and buyer while ensuring regulatory compliance.

find out more

Export Sales Contract

Nigerian law-governed contract for international sale and export of goods, incorporating local export regulations and international trade practices.

find out more

Hotel Purchase Agreement

A Nigerian law-governed agreement for the purchase and sale of a hotel property, including both real estate and business operational assets.

find out more

Residential Real Estate Purchase Agreement

A legally binding agreement under Nigerian law for the purchase and sale of residential real estate property, ensuring compliance with the Land Use Act and relevant property regulations.

find out more

Unconditional Sale And Purchase Agreement

A Nigerian law-governed agreement for the unconditional sale and purchase of assets or property, facilitating immediate transfer from seller to buyer.

find out more

Purchase Contract For Home

A Nigerian law-governed contract for the sale and purchase of residential property, establishing terms and conditions for property transfer and ownership rights.

find out more

Vehicle Installment Sale Agreement

A Nigerian law-governed agreement for the sale of vehicles through installment payments, detailing payment terms, ownership conditions, and party obligations.

find out more

Commercial Property Sale Contract

A legally binding agreement for the sale and purchase of commercial property in Nigeria, compliant with Nigerian property law and regulations.

find out more

Sales And Service Contract

A Nigerian law-governed contract combining product sales and service provision terms, ensuring compliance with local commercial regulations while facilitating business relationships.

find out more

Residential Contract Of Sale

A Nigerian law-governed contract for the sale and purchase of residential property, detailing terms, conditions, and requirements for property transfer.

find out more

Assignment Of Real Estate Purchase And Sale Agreement

A Nigerian law-governed agreement transferring rights and obligations under an existing real estate purchase agreement from the original purchaser to a new purchaser.

find out more

Owner Finance Car Sale Contract

A Nigerian law-governed agreement for the sale of a vehicle with financing provided directly by the seller to the buyer.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now