¶¶Òõ¶ÌÊÓÆµ

Transfer Of Ownership Agreement Property Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Transfer Of Ownership Agreement Property

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

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Transfer Of Ownership Agreement Property

"I need a Transfer of Ownership Agreement Property for transferring a commercial warehouse in Lagos State, Nigeria to my company from a private seller, with completion planned for March 2025, including provisions for existing tenant agreements and environmental compliance requirements."

Document background
The Transfer Of Ownership Agreement Property is a crucial legal instrument in Nigerian property transactions, used when transferring ownership rights of real property from one party to another. This document type is essential in Nigeria's unique land tenure system, where all land is vested in the state governors under the Land Use Act 1978. The agreement must include specific provisions to comply with Nigerian federal and state property laws, including obtaining the mandatory Governor's consent. It is commonly used in both commercial and residential property transactions, incorporating detailed property descriptions, payment terms, warranties, and completion requirements. The document serves multiple purposes: it evidences the transfer, protects both parties' interests, facilitates registration, and ensures compliance with local property laws and regulations. This agreement type is particularly important given Nigeria's complex property rights system and the need for proper documentation in property transfers.
Suggested Sections

1. Parties: Identification of the Transferor and Transferee with full legal names and addresses

2. Background: Recitals establishing the Transferor's ownership, property details, and intention to transfer

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

4. Property Details: Comprehensive description of the property being transferred, including boundaries and registration details

5. Consideration: Purchase price and payment terms

6. Transfer of Ownership: Core provisions effecting the transfer of ownership

7. Completion Requirements: Steps to be taken to complete the transfer, including Governor's consent and registration

8. Transferor's Warranties: Warranties regarding title, encumbrances, planning permissions, and property condition

9. Transferee's Warranties: Warranties regarding capacity to purchase and compliance with relevant laws

10. Registration and Consent: Provisions regarding obtaining Governor's consent and registration of the transfer

11. Costs and Taxes: Allocation of transfer costs, stamp duty, and other applicable taxes

12. Governing Law: Specification of Nigerian law as governing law and jurisdiction

Optional Sections

1. Existing Tenancies: Required if there are existing tenants in the property, detailing their rights and obligations

2. Mortgage Provisions: Required if the purchase involves mortgage financing

3. Service Charges: Required for properties in estates or developments with common areas

4. Environmental Warranties: Required for industrial properties or properties in environmentally sensitive areas

5. Planning Permissions: Required if the property requires specific planning permissions or has ongoing applications

6. Assignment of Warranties: Required if there are existing construction or equipment warranties to be assigned

7. Vacant Possession: Required if immediate vacant possession is part of the agreement

Suggested Schedules

1. Property Description Schedule: Detailed technical description of the property including survey plan and boundaries

2. Title Documents: List and copies of all relevant title documents

3. Payment Schedule: If payment is to be made in installments or subject to conditions

4. Existing Tenancy Schedule: Details of any existing tenancy agreements if applicable

5. Inventory Schedule: List of fixtures, fittings, and other items included in the transfer

6. Required Consents: List of necessary consents and approvals required for the transfer

7. Outstanding Charges: Details of any outstanding charges, taxes, or fees relating to the property

Authors

Alex Denne

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

Relevant legal definitions








































Clauses



































Relevant Industries

Real Estate

Construction

Banking & Finance

Agriculture

Industrial Manufacturing

Hospitality & Tourism

Retail

Healthcare

Education

Mining & Natural Resources

Commercial Property Development

Residential Property Development

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Corporate Affairs

Facilities Management

Risk Management

Operations

Finance

Asset Management

Relevant Roles

Real Estate Lawyer

Property Manager

Legal Counsel

Compliance Officer

Real Estate Agent

Property Developer

Land Administrator

Corporate Lawyer

Transaction Manager

Real Estate Investment Manager

Legal Director

Property Acquisition Manager

Asset Manager

Facilities Manager

Real Estate Portfolio 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

Real Estate Listing Agreement

A Nigerian-law governed agreement between property owner and real estate agent establishing terms for property listing and sale authorization.

find out more

Commercial Commission Agreement

Nigerian-law governed agreement establishing commission-based commercial agency relationship between principal and agent, defining sales rights and compensation terms.

find out more

Land Development Agreement

A Nigerian law-governed agreement establishing terms and conditions for land development between landowner and developer, compliant with the Land Use Act 1978.

find out more

Residential Listing Agreement

A Nigerian law-governed agreement between a property owner and real estate agent for the marketing and sale/lease of residential property.

find out more

Real Estate Term Sheet

A preliminary Nigerian law-governed document outlining key commercial and legal terms for proposed real estate transactions, serving as a basis for detailed agreements.

find out more

One To Four Family Residential Contract

A Nigerian law-governed contract for the sale and purchase of residential properties containing one to four family units, ensuring compliance with local property regulations and transfer requirements.

find out more

Commercial Rental Lease

A Nigerian law-governed agreement establishing terms for commercial property rental between landlord and tenant.

find out more

Standard Property Lease Agreement

A Nigerian law-compliant agreement establishing terms and conditions for property leasing, including essential provisions for rent, maintenance, and tenure.

find out more

Lease For Residential Property

Nigerian residential lease agreement establishing terms and conditions for property rental under Nigerian federal and state laws.

find out more

Standard Listing Agreement

A legally binding agreement under Nigerian law between property owner and real estate agent establishing terms for property listing and sale representation.

find out more

House Offer Contract

A formal written offer to purchase residential property in Nigeria, outlining key terms and conditions in compliance with Nigerian property law.

find out more

Real Estate Referral Fee Agreement

A Nigerian law-governed agreement establishing terms and fee structures for real estate referrals between professional parties.

find out more

Property Tenancy Agreement

A Nigerian law-governed agreement establishing terms and conditions between landlord and tenant for property rental, incorporating federal and state-specific tenancy requirements.

find out more

Personal Property Agreement

A Nigerian law-governed agreement for the transfer of personal property, detailing terms, conditions, and obligations of all parties involved.

find out more

Lease Listing Agreement

A Nigerian law-governed agreement authorizing a real estate agent to list and market a property for lease, defining the terms of engagement and commission structure.

find out more

Unimproved Property Contract

A standardized contract for the sale and purchase of unimproved land in Nigeria, compliant with the Land Use Act and local property laws.

find out more

Real Estate Earnest Money Agreement

A Nigerian law-compliant agreement establishing terms for property purchase earnest money deposit and purchase conditions.

find out more

Real Property Contract

A Nigerian law-governed contract for the transfer of real property ownership, incorporating Land Use Act requirements and local property regulations.

find out more

Real Estate Option To Purchase Agreement

A Nigerian law-governed agreement granting exclusive rights to purchase specified property within a set timeframe and predetermined terms, compliant with the Land Use Act.

find out more

Real Estate Finders Fee Agreement

A Nigerian law-governed agreement establishing terms for compensating property finders for successful real estate introductions.

find out more

Real Estate Exchange Agreement

A Nigerian law-governed agreement facilitating the exchange of real estate properties between parties, ensuring compliance with the Land Use Act and related property legislation.

find out more

Residential Land Lease Agreement

A Nigerian law-governed agreement establishing terms and conditions for residential land lease, compliant with the Land Use Act and requiring state registration.

find out more

Lease To Own Property Agreement

A Nigerian law-governed agreement combining property lease terms with a future purchase option, enabling tenant occupation while securing buying rights.

find out more

Simple Land Purchase Agreement

A Nigerian law-compliant agreement for the transfer of land ownership between parties, incorporating essential requirements under the Land Use Act and state regulations.

find out more

Real Estate Buyout Agreement

A Nigerian law-governed agreement for the purchase and sale of real estate property, incorporating all necessary provisions for property transfer under Nigerian legislation.

find out more

Transfer Of Ownership Agreement Property

A legal document under Nigerian law that transfers property ownership from one party to another, requiring Governor's consent and compliance with the Land Use Act.

find out more

Property Donation Agreement

A Nigerian law-compliant agreement for the voluntary transfer of property ownership as a gift from donor to donee.

find out more

Commercial Property Contract

A Nigerian law-governed agreement for commercial property transactions, detailing terms of sale/purchase and compliance with local property regulations.

find out more

Real Estate Operating Agreement

A Nigerian law-governed agreement establishing the framework for professional property operations and management between property owners and operators.

find out more

Vacant Land Lease Agreement

A Nigerian law-governed agreement for leasing vacant land, establishing terms between landowner and tenant while ensuring compliance with local land use regulations.

find out more

Land Exchange Agreement

A Nigerian law-governed agreement facilitating the exchange of land between parties, requiring Governor's consent and complying with the Land Use Act.

find out more

Residential Property Lease Agreement

A legally binding agreement under Nigerian law establishing terms and conditions for residential property rental between landlord and tenant.

find out more

Private Mortgage Contract

A legally binding mortgage agreement under Nigerian law that secures a loan against real property, detailing loan terms, security arrangements, and party obligations.

find out more

Trust Agreement For Property

A Nigerian law-governed agreement establishing a trust over property assets, defining trustee powers and beneficiary rights under Nigerian trust legislation.

find out more

Wholesale Real Estate Contract

A Nigerian law-governed agreement enabling property purchase rights assignment in wholesale real estate transactions, incorporating essential elements of Nigerian property law and assignment provisions.

find out more

Wholesale Agreement Contract

A Nigerian law-governed wholesale agreement establishing terms between suppliers/manufacturers and wholesale buyers, incorporating local commercial regulations and business practices.

find out more

Land Contract

A Nigerian law-governed agreement for the transfer of land ownership or rights, complying with the Land Use Act 1978 and relevant property laws.

find out more

Standard Commercial Lease Agreement

A Nigerian law-governed agreement establishing terms and conditions for commercial property lease arrangements between landlords and tenants.

find out more

Simple Real Estate Contract

A standardized real estate purchase agreement under Nigerian law for the transfer of property ownership between parties.

find out more

Property Sale Agreement

A legally binding agreement under Nigerian law for the sale and transfer of property ownership, incorporating statutory requirements including Governor's Consent.

find out more

Property Rental Agreement

A legally binding agreement under Nigerian law that establishes the terms and conditions for property rental between landlord and tenant.

find out more

Property Lease Agreement

A Nigerian law-governed agreement establishing terms and conditions for property leasing between landlord and tenant, incorporating federal and state-specific property regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’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; ³Ò±ð²Ô¾±±ð’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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

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

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.