7 IMPORTANT STEPS WHEN BUYING A VIRGIN LAND. By Dr Adesina Mobarak
Land is a natural resource upon which all human activities are dependent. An understanding of the nitty-gritty of a virgin land transaction is very important for prospective buyers to ensure valid title is transferred and that he enjoys peaceful possession. I had to pen this guidelines down to educate as many people this article could reach after my experience yesterday during a land search for one of our real estate development partners, so please kindly share with all your contacts cause it will be a plus knowledge for them so as not to fall for land scammers and fraudsters. WHAT IS A VIRGIN LAND ? A virgin land is a land occupied by the first settler and has neither been occupied by another person nor under acquisition by the Government. The owner of such land is entitled to get a Certificate of Occupancyon that land. It is important to note that title to land in respect of a virgin or unregistered land cannot be verified in the Lands Registry because only r...