WINTER is COMING

There are 3 things a human being should aspire to have.

 1. HINDSIGHT– understand what happened in the past & WHY it happened

 2. INSIGHT- Understanding the significance of what is happening NOW & HOW it is related to past events

The most important is this one……

👉3. FORESIGHT : Taking actions NOW in order to reap FUTURE BENEFITS.
I’m sure we all wish now, that we had had the FORESIGHT to buy a large quantity of FACE MASKS AND SANITIZERS , when Covid-19 was only in Wuhan, China…     Don’t you?

Affliction MUST NOT arise a 2nd time o!
The WINTER is the RECESSION……
And it’s coming……
We have to be prepared THIS TIME!


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SMART HOME TECHNOLOGY; THE WAVE OF THE FUTURE

SMART HOME TECHNOLOGY; THE WAVE OF THE FUTURE

If you are 50years or older, you remember a time when communicating with someone in a distant place meant getting a paper, pen, postal stamps, an envelope and when you were done writing your letter, you had to proceed to the post office. You also had to get to the post office before it closed, else you had to wait until the following day. All that stress and hassle has been eliminated simply by the invention of the android technology or smartphones as its popularly called.

So, with a smartphone all you have to do now to communicate with someone in a distant place is to put on your mobile data, log into Facebook, WhatsApp, WeChat, yahoo mail or Gmail or any online messaging platform.

It is easy to forget that the switch from post office to online messaging platforms is barely 20years old, this change has been made possible by the invention of the INTERNET. Trust me the INTERNET is no longer a fad. It has influenced every aspect of the global economy from banking to construction etc, and most recently it has permeated the real-estate sector in the form of smart home technology.

WHAT IS A SMART HOME?

A SMARTHOME simply put is a modern house equipped with lighting, heating, and electronic devices that can be controlled remotely by a smartphone or computer. It may also include home security, such as access control and alarm systems. When connected with the internet home devices are important constituents of the internet of things (IoT).

A smarthome system connects controlled devices to a central Hub. The user interface (UI) for control of the system uses either wall mounted terminals, tablets or desktops computers, a mobile phone application or a web interface, that may also be accessible offsite through the internet.

While they are many competing vendors, they are very few worldwide accepted industry standards and the smarthome space is heavily fragmented. The leading names/vendors in the smart home space in no particular order are

  1. Google
  2. Amazon
  3. Apple
  4. Microsoft
  5. IBM

Other outside contenders  include:

  • Ecobee
  • Samsung
  • Philips

PRACTICAL USES

Heating, ventilation and air conditioning. It’s possible to have remote control of all home energy monitors over the internet, incorporating a simple and friendly user interface.

Light control system is a smart network that incorporates communication between various lighting systems inputs and outputs using one or more central computing devices

Occupancy-aware control system. Its possible to save the energy of a home using smart meters and environmental sensors like CO2 sensors, which can be integrated into the building automation system to trigger automatic responses for energy efficiency.

Smart Home concept,

Home robots and security, a household security system integrated with a home automation system can provide additional servers such as remote surveillance of security cameras over the internet or access control and central locking of all perimeter doors and windows.

Smart kitchen and connected cooking, this has been made possible using voice control devices like Amazon Alexa and Google home to kitchen

Conclusively, Zion market research predicts that the smarthome market will reach $53.45 billion by 2022. This projected increase in market value in the smarthome space is as a result of the wonderful products innovation being introduced into the market by google home, alexa and Amazon Echo.

All this has been made possible because ARTIFICIAL INTELLIGENCE is becoming more common place and personally I think the market value that is been predicted is very conservative considering that real estate developers in developing economies like Nigeria and south Africa are already incorporating the smart home technology into their buildings. An example is the Trinity luxury Apartment being developed by 3ceesprojectslimited in Lekki Lagos. The list of smart homes in Europe, Asia and North America is endless, making home automation the next big thing since bitcoin and the blockchain in 2009.

 

….as I close, I want you to remember that gmail and yahoo mail made post office obsolete.

For free Consultation

Tel: +234 811 697 9957, +234 903 139 6622 Email:info@3ceesprojectslimited.com

4 Tips for Rookie Estate Investors

4 Tips for Rookie Estate Investors

So you’ve heard that the real estate industry is the real deal and you want a piece of the pie? Well, we’re here to tell you that it can all be yours, in 4 super easy steps!

With anything in life, preparation is key, and successful realtors will tell you no different. So in order to prepare for your success, keep reading these 4 tips for breaking into the real estate investing.

1. From personal to rental.

A great start to your life as a real estate investor is to consider putting your personal property up for rent. This is a great way to get your feet wet in the real estate market. It’s also a good idea to take some time to do all the needful repairs along the way if you intend to live in the property for a few years before renting it out. This is a cost-effective way of getting more value for your property. A great way to get your feet wet with real estate investments is to put your personal property up for rent

2. Stay away from fixer uppers.

It’s very tempting as a newcomer in the real estate market to navigate towards the houses on the market that are low priced. But these properties don’t come without their own fair share of problems. It’s advisable to always look out for properties that don’t need much work to be done on them before leasing them out. Unless you plan on living in the fixer-upper before renting it, then it is considerably more cost-effective to buy a property that is in great condition from the start.

3. Buy your property in a developed area.

A great way to start your real estate investments on a good note is to look for properties in a working class neighbourhood. This way, you are ensured that there is a great flow of traffic and rental properties won’t stay on the market for too long. Always think of your potential target market. If you are buying property close to a university, look for rental properties that will appeal to students and affordable for students. It will most likely take you a longer time to rent out a property in an area mainly occupied by homeowners. Though not impossible, it is however easier to get a tenant in an area where rental properties have a higher turnaround rate.

4. Don’t quit your day job.

We’re just going to go out on a limb here and assume you started this real estate investment life as a side gig? Well, if this is the case, don’t quit your day job just yet. A lot of real estate investments go sour when people don’t plan their finances properly. If you’re expecting a profit from a house sale or rental income and the real estate market crashes, this is a serious problem if you no longer have that cushion of your day job to cover your income needs. Until you have a diversified real estate portfolio, it is advisable to keep your day job to cover any downturns in the market or defaulting tenants.

Are you a potential real estate investor? Take a look at our properties for sale today @ www.3ceesprojectslimited.com

For Free Consultation

Call: +234 (0)806 260 6215, +234 (0)903 139 6622 Email: info@3ceesprojectslimited.com

7 REASONS WHY YOU SHOULD INVEST IN LAGOS REAL ESTATE MARKET

7 REASONS WHY YOU SHOULD INVEST IN LAGOS REAL ESTATE MARKET

Real Estate

Lagos which means Lakes is one of the 36 states in Nigeria. Though with the smallest landmass of 1,171.28 km.sq, Lagos is the most populous city in Nigeria with a population estimate of 22million. Popularly known as Eko city, Lagos remained the commercial capital of Nigeria after the Administrative capital was moved to Abuja in 1991. Why invest in Lagos Real estate…

  1. Ever Growing Population

Population no doubt is a major growth driver for the real estate sector, Lagos is the smallest but most populous state in Nigeria. Lagos has grown from just 1.4million inhabitants in 1970 to approximately 22million as of today. Lagos has a population density of about 5000persons/Sq.km making it one of the most densely populated cities in Africa. It has been estimated that about 86 persons migrate to Lagos every hour, that is more than 2000 persons every day and close to a million persons every year.

Lagos Real Estate

The housing deficit in Lagos State in 2016 stood at about 2.5 million houses according to Mr. Gbolahan Lawal, the Commissioner for Housing, that equaled 14.7% of the country’s total housing deficit according to the National Bureau of Statistics (NBS).

  1. Economic and Industrial Hub of Nigeria

Abuja may have displaced Lagos as the administrative capital of Nigeria, but Lagos remains the commercial capital of Nigeria.

Lagos is the richest state in Nigeria with a GDP of about US$33.67billion accounting 25% of Nigeria’s total GDP. It is the 5th largest economy in Africa and home to over 2000 manufacturing companies, 200 financial institutions and has the largest clusters of small and medium scale enterprises in Africa. Lagos consumes more than 50% of the country’s energy, accounts for over 90% of Nigeria’s foreign trade flow and 80% of all Nigerian imports are handled by Lagos ports.

Market research shows that Lagos State has the highest property values and the most vibrant real estate market in Nigeria.

Lagos Real Estate
  1. Growing Middle-Class Population

Lagos vibrant economy has led to a growing middle-class population with money to spend on luxuries and decent accommodation. The middle segment of the housing market remained robust despite the economic headwinds experienced by every other sector of the Nigerian economy and this has been attributed to strong demand from the middle class. Prices in the Lekki axis which is largely middle-class neighborhood grew an average of 2.8 percent when other segments of the real estate sector declined countrywide.  Lagos has the largest share of working population in Africa; over 15.2million of the estimated 22million residents are within the 15 – 64years age bracket.

  1. Fast Urban Growth and Development

With a 16 percent urbanization rate, Lagos is one of the fastest-growing megacities in the world. Lagos has attained the megacity status, that means that the ‘bush’ you are buying today will become ‘city’ faster than you imagine.

Lagos Real Estate

Ibeju Lekki in Lagos is the hottest investment destination in Africa at the moment with investments topping US$200 billion. The Lekki free trade zone(LFTZ) has attracted massive investments within the zone such as Deep Seaport, Dangote Refinery, Lekki International Airport, Golf Courses and Resorts, the 4th Mainland Bridge, the Smart City Project, etc. it has been projected that developments in Ibeju Lekki will provide up to 400,000 jobs on completion, smart investors should position to take advantage of the expected demand for residential and commercial properties in the Ibeju Lekki area.

  1. Fast Appreciating Property Prices

Lagos is a dream destination for real estate investments because of the high rate of returns on investments. The Market Analysis for Lagos State shows one of the highest property values in Nigeria. The Lagos property market especially the mid-market segments remained buoyant when property prices in states across the country took a haircut from the recent economic recession. A piece of land that was purchased around 2006 in Lekki for 5million was sold for 40million naira nine years later, that is a seven-fold (700%) increase and it is not an isolated case.

  1. Stable Political Environment

Lagos has the most stable political environment when compared to other states in Nigeria. Since the return of democracy in 1999 Lagos has been under the control of the same political party and this ensures a continuum in governance, this is good for the real estate market because projects and developments are implemented according to the masterplan. It also means that important projects that drive growth are not sacrificed on the altar of politics.

  1. Strong Rental Market

Rising property and rental prices are a reflection of the huge supply-demand gap of affordable housing in Lagos. There are more renters than owners in Lagos property market due to the high cost of homeownership coupled with a very underdeveloped mortgage market. The mortgage market is very small and unaffordable with rates ranging from 16 – 30% and tenors between 1 – 15years. Study shows that over 75% of property seekers are looking for rental accommodation.

In Conclusion

Lagos is like a window to the future. Unlike the rest of Nigeria, Lagos is a great example of what is possible when the government offers energy and other initiatives to its residents.

Lagos Real estate

The population of Lagos is projected to double by 2050 which will make it the 3rd largest city in the world. The growing population will need to be housed therefore real estate investment in Lagos state cannot be any brainier given its estimated 3.2% annual population growth coupled with a 16% urbanization growth rate. Strong and sustained demand for housing means that prices will continue to go up while smart investors will continue to reap handsome returns on their investments.

The best time to buy is yesterday, the next best time is NOW. Prices are never going to come down. Don’t wait to buy Real Estate, buy and wait. What do you think?

For Free Investment Guidance

Call: +234 (0)806 260 6215, +234 (0)903 139 6622 Email: info@3ceesprojectslimited.com

3 Keys to Profitable Real Estate Investing

3 Keys to Profitable Real Estate Investing​

Real estate investing should as much as possible be devoid of emotional sentiments. It can be a highly profitable business, especially in areas with rapidly increasing population.

Focus on your Return on Investment (ROI)The key is to buy real estate in fast developing areas, capable of delivering maximum profit potential value in the medium term.

It is risky to procrastinate indefinitely. Start small by judiciously utilizing a financial plan that invests 25% of your monthly income consistently .In Lagos, it is almost guaranteed that the rate of property appreciation would always out-perform the stock market over the medium to long term

Work with companies with tried and tested integrity. For peace of mind, validate your documentation through independent sources. With proper documentation, Real Estate remains one of the few investments you can make, that do not require your Direct Supervision to make profit.

Start small… but START NOW!

“It always seems impossible until it is done” …. Nelson Mandela 

For Free Consultation

CALL: +234 (0)708 137 9023, +234 (0)903 139 6622, EMAIL: info@3ceesprojectslimited.com

BABY LANDLORD!

Baby Landlord Investment Program (BLIP)

Frequently Asked Questions

Baby Investiment

1. Q: What exactly is BLIP?

A: Baby Landlord Investment Program (BLIP) is our 3rd Anniversary special offer, tailor made to help parents and young adults bequeath something of immense value to their future generation.

With as little as ₦50,000 naira per month you can leave a BEFITTING LEGACY for the NEXT GENERATION or pay for your child’s HAVARD UNIVERSITY education with ease or bequeath that WOW GIFT to your daughter on her wedding day.

2. Q: Why invest in BLIP? 

A: Our properties come with clean titles, free from all encumbrances. In addition, to ensure Airtight Documentation, our 3CEES documentation department will help process your governor’s consent hassle free.

Baby Landlord

3. Q: So how exactly does this investment secure my child’s future university education or wedding gift?

A: Ibeju Lekki is currently the fast-growing real estate market in Africa. Data shows that properties in this area have appreciated more than 300% in the last 10 years. Experts have also projected a further growth of up to 500% in few years’ time when the ongoing projects such as Dangote Refinery and petrochemical plant, the Lagos Free Trade Zone, the 4th Mainland Bridge, Lekki International Airport, Lekki deep Seaport amongst other key investments come on stream. Investing in this our real estate product gives you the opportunity to enjoy unbeatable inflation hedged returns that can help you pay for your child’s university education or the bulk money to set her on the path of prosperity.

4. Q: How secure is this investment?

A:  Our property is covered by an IRREVOCABLE gazetted Excision and a Governor’s Consent. Once you complete your payments, 3CEES will help you process a Governor’s Consent in your name as a guardian or trustee. You can rest easy knowing that your property is secured within our gated and managed estate, therefore no need to worry about the unscrupulous activities of land grabbers or omoniles.

5. Q: How can I pay for this?

A: We offer personalized payment plans to suit individual cash flows. We assist you to design a payment plan ranging from one to 24 months that makes payment easy for you.

6. Q: Who can benefit from this offer?

A: This product is for everyone; parents, grandparents, intending parents. It is the dream of every parent to give their children the best possible start in life. 3CEES will help you bring that dream Home through our Baby Landlord Investment Program. It is more like setting up a secure trust fund for your child.

Land Investment

Leave a LEGACY

CALL: +234 (0)708 137 9023, +234 (0)703 763 4093 Email: info@3ceesprojectslimited.com

WHAT’S YOUR DREAM HOME?

GRACEVILLE GARDENS ESTATE (The Luxury You Deserve)

Behind Shoprite, Sangotedo Lekki

PLANNED INFRASTRUCTURE

  • Perimeter fence
  • 24/7 Professional Security
  • Paved roads & street light
  • Modern Recreational Facilities
  • 24/7 Electrical Power
  • World Class Pool
  • Lush Gardens
  • Treated Clean Water
  • Underground Power Cables
  • Fully Managed Estate

NEIGHBOURHOOD

  • Off Monastery Road
  • 15min drive from VGC
  • Behind Lekki Novare Mall
  • Estates within vicinity include Emperor, Crown, Diamond, Grenadines, etc.

Call Now... lets bring that dream home without hassles

Tell: +234 (0)708 137 9023, +234 (0)807 588 2750 Email: info@3ceesprojectslimited.com

LOW-INTEREST MORTGAGE RATES IN NIGERIA ??

LOW-INTEREST MORTGAGE RATES IN NIGERIA ??

The “ Best Kept Secret “………..

The “Rat Race “for a young upwardly mobile professional in Lagos can be such a depressing annual vicious cycle………

  • Get Paid….
  • Pay Bills…….
  • Pay Children’s School Fees.
  • Pay Million Naira Rent…
  • Go Broke
  • Repeat…

The statistics are shocking!! 85% of professionals in Lagos still live in rented apartments after 10 years of working. Sadly, rent charges keep climbing, making the possibility of ever owning your own home even more & more remote. It’s a “Catch 22 Situation “……

 Mortgage loans in Nigeria can be cut-throat and “Beyond the Reach “of the average professional. Yet, the chances of getting “Bulk Money “to build without a cut-throat loan is almost zero!

But all hope is not lost……

Do you know that the National Housing Fund (NHF) can give you access to loans for building your own home at only 6% per annum??      

KNOWLEDGE IS POWER …. HELP is now “Within Your Reach “

Eligibility For (NHF)

  • Be above the age of 18 years
  • The applicant must have satisfactory evidence of regular flow of income to guarantee loan repayment
  • Contribute 2.5% of their monthly salary for a minimum of 6 months to Federal Mortgage Bank of Nigeria, managers of the fund.

How to Apply For National Housing Fund (NHF)

Except for institutional borrowers who can apply for the loan directly from Federal Mortgage Bank of Nigeria (FMBN), individuals can only apply through a duly licensed and accredited Primary Mortgage Bank (PMB) of their choice and not directly to the FMBN. Loan applications are also to be obtained from the same PMB.                              

What are the documents required when applying for the loan?
Documents required to process the loan include:
a) Completed application form
b) Photocopy of title documents
c) Current valuation report on the proposed house to buy or bill of quantities for the house to build.                                                          
d) 3 years tax clearance certificate
e) Evidence of NHF participation
f) Copy of pay slips for previous 3 months
g) 10% personal stake (contribution of 10% cost of the house)

So what is the Maximum loan amount?
The maximum is 15 million Naira only. Also your calculated monthly loan deductibles must not exceed 33% of monthly gross income.

For example, a 35 years old applicant on a monthly salary of N60, 00.00 interested in building a house estimated to cost N7 Million. He has 25 years to go before clocking 60 years, the loan amount is calculated as follows:

Loan ceiling = (N60,000/3) x 12months x 25years
                      = N20, 000 x 12 x 25
                      = N6, 000,000.00 (Less annuity interest factor of 6%)

NOW THAT’S DOABLE, RIGHT??

At 3CEES Projects, we believe “Affordable Housing “on the Island must not necessarily be “ Beyond Your Reach “

Book an appointment with us TODAY for a FREE CONSULTATION

Tell: +234 (0)708 137 9023, +234 (0)807 588 2750 Email: info@3ceesprojectslimited.com

Twin Duplex Partnership Program (TDPP)

Twin Duplex Partnership Program (TDPP)

Frequently Asked Questions

Actual TDPP Twin-Duplex Design

Q1. What exactly is TDPP?

TDPP stands for Twin-Duplex Partnership Program. It is a Dual-Purpose Investment Vehicle that allows you to have the FLEXIBILITY of participation either as:

  1. A medium-term investor who desires a LOW RISK – HIGH YIELD TANGIBLE ASSET (Real Estate) in a strategically located fast developing area that can readily be converted back to cash within a short time. OR
  2. A potential home owner looking for a Clearly Defined Installment Payment Plan capable of building a Twin-Duplex in a well-managed estate (From START – FINISH), without severely impacting YOUR CASH FLOW.

Q2. How does it work?

  1. Two DUPLEXES are built on 1 PLOT OF LAND
  2. Two work colleagues, having the same ambition, can come together & FIRST pay (IN INSTALLMENTS) for the FULL PLOT of land TOGETHER.
  3. After completing their installment payment, they can then go ahead together to the PHASE-2 (ACTUAL CONSTRUCTION OF THE TWIN DUPLEXES).
  4. The construction phase is divided into SIGNIFICANT CONSTRUCTION MILESTONES spanning 3 years, allowing each participant to build MUCH CHEAPER than attempting to build ALONE.

Q3. What are the BENEFITS of TDPP?

  • DISCOUNTED Entry Level Price
  • CONVENIENT Payment Plan
  • LIQUIDITY
  • REDUCED Future Building Cost
  • ACCESS NHF 6% Housing Loan
  • FIRST CLASS Estate Management
TDPP Twin-Duplex Layout

Q4. How is the payment plan convenient?

There are various payment plans ranging from Instant to 24-months. Each client can choose from our standard payment plans or a customized payment plan can be made to fit individual objectives and convenience.

Q5. What is the “Investor Option”?

For those who do not wish to live in the estate (those living in diaspora or already have a house) and are more interested in using it as an investment option, we can help with:

  1. Sourcing for tenants interested in an annual rent arrangement
  2. Help design a FULLY FURNISHED SERVICED APARTMENT, that we can manage on your behalf as SHORT-LET APARTMENTS for rent.
  3. Convert the property to CASH by helping you sell at a much higher current value.

Q6. Where is the TDPP Estate(s) Location?

  1. The first is Graceville Garden Estate located on Monastery road, behind the Novare (Shoprite) Mall Sangotedo, Lekki
  2. We also have similar project planed for Peninsular Pride Estate 1 & 2, located at Ibeju Lekki, close to the Lagos Free Trade Zone.

Q7. Who are our “Targeted Clients”?

Our program is targeted at well-structured companies, where monthly installment payments are regular and timely. That does not stop Entrepreneurs or Business men from participating. It just means that the individual negotiations will be handled on a case by case basis.

Call Now while offer Last!!

Tell: +234 (0)708 137 9023, +234 (0)807 588 2750 Email: info@3ceesprojectslimited.com
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REAL ESTATE 101……….. SIMPLIFYING REAL ESTATE TERMINOLOGIES & PROCESSES

REAL ESTATE 101 - SIMPLIFYING REAL ESTATE TERMINOLOGIES & PROCESSES

In May 2018, a detailed survey was conducted in Lagos for Middle Class Working Adults within the age bracket of 30-50 years on HOME OWNERSHIP.

The RESULTS WERE SHOCKING!!!

Less than 10% lived in their own houses! 90% lived in rented apartments…, some for over 15 years!!

Less than 25% had begun any significant effort towards Future Home Ownership.

So what is responsible for this “Lacuna??? “

78% of respondents reported a lack of Clarity/Understanding on the various Terminologies & “Step by Step” Processes, covering Land Acquisition in Nigeria .

This resulted in Procrastination based on a foundation of FEAR & Lack of Accurate Information. This article tackles this all important topic, which has hindered a large majority of middle class adults from taking Decisive Steps, towards their Future Home Ownership Goals.

NOW LET’S GET STARTED…!!

The first step, will be to familiarize ourselves with the system of Land measurement in Nigeria.

A PLOT

In Lagos State, the standard size of a plot is 60ft x 120ft (18m x 36m i.e. 648 sqm), while in some other cities of the country, plots are measured in 50ft x 100ft.

AN ACRE

An Acre is a standard unit of measurement used by Land sellers and it is almost equivalent to the size of a standard football field. It can also be calculated as the sum of 6 plots (each measuring 60ft x 120ft)

A HECTARE

A hectare is the equivalent of 15 Plots OR 2.5 Acres. It can also be expressed as 100metres X 100metres (100sqm) OR 328feet X 328feet.

SURVEY PLAN

A Survey plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of that land. The people that handle survey issues are Surveyors and they are regulated by the office of the Surveyor general in Lagos as it relates to survey issues in Lagos. A survey plan must contain the following information:

1. The name of the owner of the land surveyed 2. The Address or description of the land surveyed3. The size of the land surveyed .4. The drawn out portion of the land survey and mapped out on the survey plan document. 5. The beacon numbers .6. The surveyor who drew up the survey plan and the date it was drawn up. 7. A stamp showing the land is either free from Government acquisition or not.

GLOBAL ACQUISITION

All the lands in a state are under the control of the state, supervised by the State Governor, hence the name….. Global Acquisition. There are 2 types of acquisition:

  1. Committed acquisition –Here, the government has indicated its interest to use the land for a specific purpose in the near future…e.g. ( Public Amenities )
  2. Global/General Acquisition – A land under Global Acquisition is SAFE TO BUY ,because the title on the land can be perfected without issues and becomes FREE, through a process called EXCISION

EXCISION

Excision is the first stage of perfecting a title for an acquired land. The government recognizes that indigenes of different sections of the country have a right to existence . . . a right to the land of their birth. Hence, it is customary for state government to cede a portion of land, back to the original owners (natives) of each area. An Excision means basically taking a part from a whole (Partitioning), and that part that has been excised, will be recorded and documented in the official government Gazette of that state. It is this Excised piece of land, deemed FREE OF ACQUISITION, which becomes GAZETTED.

GAZETTE

A Gazette is an Official record book where all special government details are spelt out, detailed and recorded

A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant title to the Villagers. A gazette also shows the communities or villages that have been granted Excision and the number of acres or hectares of land that the government has given to them. It is within those excised acres or hectares that the traditional family is entitled to sell its lands to the public and not anything outside those hectares of land given or excised to them.

DEED OF SALE

Deed of Sale is the main document by which a seller transfers his right on the property to the purchaser, who then acquires absolute ownership of the property. It is also referred to as the conveyance deed. The document also contains Terms & Conditions regarding the sale. It indemnifies the buyer from loss arising from negative issues as applicable to the land sale.

DEED OF ASSIGNMENT

A Deed of Assignment is an Agreement between the Seller of a Land or Property and a Buyer of that Land showing evidence that the Seller has transferred all his rights, his title, his interest and ownership of that land to that the Seller that has just bought land. It is subsequently recorded in the Land Registry as legal proof that the land has exchanged hands and the public should be aware of the transaction.

GOVERNOR’S CONSENT

The Governor’s Consent is the next logical step after obtaining Deed of Assignment. The first person on a Virgin Land that has neither been occupied by another person nor under acquisition by the Government is entitled to get a Certificate of Occupancy on that land. If that person with the C of O decides to sell his land to another person after so many years, that person must now obtain the Consent of the Governor before that transaction can be deemed legal in the eyes of the Government. In other words, the first person on a land is the only person or group of persons entitled to obtain a Certificate of Occupancy. Every subsequent buyer of that land must get a Governor’s consent. Obtaining a Governors consent is the last step before you can obtain a building plan approval.

CERTIFICATE OF OCCUPANCY (C of O)

A Certificate of Occupancy is an officially recognized Document for demonstrating Right to a Land. Its issuance certifies that the Lagos State Government officially leases Lagos land to you, the applicant, for 99 yrs.

GLOBAL CERTIFICATE OF OCCUPANCY (Global C of O)

This is a certificate of occupancy, issued to an estate owner , covering the whole expanse of land. The estate owner can then issue a Deed of Assignment to individual owners of plots in the estate , signifying Transfer of Ownership.

The last 10 years have witnessed a Geometric percentage appreciation along the LEKKI – AJAH Axis. On average, a plot of land bought in 2008 has appreciated by 750% in 10 years!! Procrastination &” Pessimistic Paralysis” have been the main 2 culprits that delay/deny us the impetus to take positive action.

Do your Due Diligence…A simple search at the Lagos State Land Registry on the authenticity of your prospective land purchase could save you from a lifetime of regret.

SEEK KNOWLEDGE. And Then………………………. ACT!!………Stop making EXCUSES!!

You will be glad you did.

For Free Consultation

Tel: +234 (0)708 137 9023, +234 (0)903 139 6622, +234 (0) 0807 588 2750 Email:info@3ceesprojectslimited.com,GAkinruli@3ceesprojectslimited.com