The Deed of Conveyance and Deed of Assignment is a crucial legal instrument in Nigerian property transactions, used when transferring ownership rights in real property. This document is essential when selling, transferring, or assigning property interests in Nigeria, whether for residential, commercial, or industrial purposes. It must comply with the Land Use Act 1978 and various state property laws, requiring governor's consent and proper registration for validity. The deed includes comprehensive details about the property, parties involved, consideration paid, and various covenants and warranties. It's particularly important in Nigeria's land tenure system, where all land is technically vested in the state governors, making proper documentation and governmental approval crucial for valid property transfers.
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1. Parties: Identification of the Vendor/Assignor and Purchaser/Assignee with their full names, addresses, and description
2. Background: Recitals stating the ownership history, title details, and intention to transfer the property
3. Definitions: Definitions of key terms used throughout the deed
4. Property Description: Detailed description of the property being transferred, including boundaries, measurements, and registration particulars
5. Consideration: Statement of the purchase price and confirmation of payment
6. Transfer Clause: The operative part transferring all rights, title, and interest in the property
7. Vendor's Covenants: Warranties and representations by the vendor regarding title, right to sell, and freedom from encumbrances
8. Purchaser's Covenants: Obligations of the purchaser including payment terms and compliance with land use regulations
9. Registration and Consent: Provisions regarding governor's consent and registration requirements
10. Execution Clause: Formal execution block for signing, sealing, and delivery of the deed
1. Power of Attorney: Required when one party is acting through an attorney - includes details of the power of attorney
2. Spousal Consent: Required when the property is matrimonial property or when state laws require spousal consent
3. Corporate Resolution: Required when either party is a corporate entity - includes board resolution authorizing the transaction
4. Development Covenants: Required for undeveloped land - specifies development obligations and restrictions
5. Special Conditions: Any special terms or conditions specific to the transaction
6. Third Party Rights: Required when there are existing tenants or other third-party interests in the property
1. First Schedule: Detailed property description including survey plan numbers and boundaries
2. Second Schedule: List of all title documents and previous transfers
3. Third Schedule: Details of any encumbrances, easements, or restrictions on the property
4. Appendix A - Survey Plan: Certified survey plan of the property
5. Appendix B - Title Documents: Copies of relevant title documents and previous deeds
6. Appendix C - Tax Clearance: Evidence of tax compliance and payment of relevant duties
7. Appendix D - Consent Documentation: Governor's consent and other regulatory approvals
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