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The Property Investment Contract serves as a fundamental legal instrument for structuring property investments in Nigeria, whether for commercial, residential, or industrial purposes. This document is essential when investors seek to participate in property ownership or development while ensuring compliance with Nigerian property laws, particularly the Land Use Act of 1978 and investment regulations. It's commonly used for both direct property investments and structured investment vehicles, providing a framework for investment terms, property management, risk allocation, and exit strategies. The contract addresses specific Nigerian legal requirements including land ownership restrictions, state governor consent requirements, and local property registration procedures. It's suitable for both domestic and foreign investments, though additional provisions apply for foreign investors under Nigerian investment laws.

1. Parties: Identification of all parties to the contract including full legal names, addresses, and registration details

2. Background: Context of the investment arrangement and brief description of the property investment opportunity

3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and interpretation rules

4. Investment Structure: Details of the investment amount, ownership structure, and investment terms

5. Property Details: Comprehensive description of the property, including location, dimensions, and current status

6. Investment Terms and Conditions: Core terms including payment schedule, investment period, and return structure

7. Representations and Warranties: Legal assurances from all parties regarding their capacity, authority, and property status

8. Due Diligence: Requirements and processes for property and investment due diligence

9. Management and Control: Governance structure and decision-making processes for the investment

10. Financial Provisions: Details of financial management, accounting practices, and distribution of returns

11. Risk Allocation: Distribution of risks between parties and risk management procedures

12. Term and Termination: Duration of the agreement and circumstances for early termination

13. Exit Mechanisms: Procedures for investment exit, including sale or transfer of interests

14. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and applicable law

15. General Provisions: Standard legal provisions including notices, amendments, and severability