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1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and registration details for corporate entities
2. Background: Context of the transaction and brief description of the property being transferred
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including location, boundaries, and registration details
5. Purchase Price: Agreed purchase price and payment terms including deposit requirements
6. Payment Terms: Schedule of payments, method of payment, and consequences of default
7. Conditions Precedent: Conditions that must be met before completion of the sale
8. Seller's Representations and Warranties: Declarations regarding property ownership, encumbrances, and condition
9. Buyer's Representations and Warranties: Declarations regarding capacity to purchase and source of funds
10. Completion: Process and requirements for completing the transaction
11. Title Transfer: Procedures for transferring title and registration requirements
12. Risk and Insurance: Allocation of risk and insurance requirements until completion
13. Default and Remedies: Consequences of breach and available remedies
14. Governing Law: Specification of Nigerian law as governing law
15. Dispute Resolution: Process for resolving disputes including jurisdiction
1. Tenant Rights: Required if the property is currently tenanted, addressing existing tenancy agreements
2. Development Rights: Included for undeveloped land or properties with development potential
3. Environmental Matters: Required for properties in environmentally sensitive areas or with environmental concerns
4. Planning Permissions: Included when property requires or has existing planning permissions
5. Service Charges: Required for properties in estates or with shared facilities
6. Assignment Rights: Included when transfer rights need to be restricted or specified
7. Agricultural Rights: Required for agricultural land or properties with farming potential
8. Mineral Rights: Included when mineral rights are relevant to the property
9. Access Rights: Required when specific access arrangements need to be documented
1. Property Schedule: Detailed property description, including plans, maps and photographs
2. Title Documents: List of all title documents and certified copies
3. Payment Schedule: Detailed breakdown of payment terms and installments
4. Inventory: List of fixtures, fittings and contents included in the sale
5. Encumbrances: Details of any existing charges, mortgages or encumbrances
6. Planning Permissions: Copies of relevant planning permissions and approvals
7. Land Use Requirements: Specific requirements under the Land Use Act
8. Required Consents: List of necessary governmental and regulatory consents
9. Environmental Reports: Environmental assessment reports and certificates
Property
Purchase Price
Completion Date
Completion
Business Day
Certificate of Occupancy
Land Use Act
Governor's Consent
Title Documents
Encumbrances
Deposit
Due Diligence Period
Effective Date
Environmental Laws
Force Majeure
Good Title
Improvements
Land Registry
Material Adverse Effect
Permitted Use
Planning Laws
Purchase Price Balance
Registration Fees
Right of Way
Stamp Duty
Survey Plan
Term
Transfer Documents
Vacant Possession
Valuation Report
Working Day
Seller's Solicitor
Buyer's Solicitor
Completion Documents
Default Event
Execution Date
Ground Rent
Interest Rate
Notice
Parties
Payment Date
Property Rights
Registration
Representations and Warranties
State Authority
Taxes
Transaction Documents
Warranties
Purchase Price
Payment Terms
Title Transfer
Due Diligence
Conditions Precedent
Representations and Warranties
Seller's Obligations
Buyer's Obligations
Completion
Risk and Insurance
Property Rights
Land Use Compliance
Environmental Compliance
Planning and Zoning
Registration Requirements
Governmental Consents
Default
Termination
Force Majeure
Assignment
Notices
Confidentiality
Costs and Taxes
Indemnification
Dispute Resolution
Governing Law
Entire Agreement
Severability
Amendment
Further Assurance
Counterparts
Stamp Duty
Time of Essence
Survival
Real Estate
Construction
Banking & Finance
Agriculture
Manufacturing
Retail
Hospitality
Healthcare
Education
Industrial
Commercial Property
Residential Property
Mining & Natural Resources
Technology
Telecommunications
Legal
Real Estate
Facilities Management
Finance
Compliance
Risk Management
Property Management
Corporate Affairs
Operations
Business Development
Administrative Services
Real Estate Manager
Property Lawyer
Legal Counsel
Property Developer
Facilities Manager
Commercial Director
Chief Financial Officer
Investment Manager
Property Acquisition Manager
Real Estate Agent
Property Valuer
Compliance Officer
Risk Manager
Corporate Secretary
Estate Administrator
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