MEMORIES PREMIER PROPERTIES

A Survey plan is not a title to land; it is only a document that is needed to give accurate measurement and description of the land. The survey plan is usually needed to draft a Deed of Assignment which is the document that transfers title to land. In the case of OKORIE v. UNAKALAMBA & ANOR (2013) LPELR-22508(CA), the court held that it is not bound to accept the evidence of a surveyor on boundaries and description if it is sufficient that the parties know the land, see - Yusuff vs. Keinsi (2005) 13 NWLR (PT. 943) 554 CA. It was also decided that "a Survey Plan is not necessary and can be dispensed with where the parties are ad idem on the land in dispute". See C.G.C. (NIG) Ltd vs. Baba (2004) 10 NWLR (PT. 882) 658 In conclusion, "It has long been established by the Supreme Court in the celebrated case of D. O. Idundun & Ors. v. Daniel Okumagba & Ors. (1976) 9-10 SC 227 at Pp. 246-250 that there are five ways of proving title to land. These are: 1. By tradi...

Do you know the condition of real estate is different in every situation. To protect yourself when making such a substantial investment, it is important to have a thorough inspection by a trained professional. Make your offer to purchase property contingent on a satisfactory home inspection, and you will avoid investing in a #money pit.   What exactly is considered satisfactory ?  Any home containing wood should have a pest inspection, where the inspector looks for evidence of damage caused by termites, mice, ants or other pests.  This inspection is separate from that done by the home inspector. Your home inspector should focus on every mechanical and structural aspect of the property.  They will look for substantial cracks in the foundation, levelness of the structure, and moisture in the basement.   Water penetration is evident when there is mold, mildew or efflorescence - a white powder that shows where water has penetrated.   High tech in...

 What is Real Estate ? Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made- including trees, water, minerals, Buildings, homes, fences and bridges. Real estate is a form of what is known as 𝐑𝐄𝐀𝐋 𝐏𝐑𝐎𝐏𝐄𝐑𝐓𝐘 and differs from personal property which are not attached to the ground such as vehicles, boats, furniture and farm equipment. Distinctions Between Land, Real Estate and Real Property. 𝐋𝐚𝐧𝐝 - This refers to the earth's surface down to the center of the earth and upward to the airspace above, including the trees, minerals and water. 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 - This is the land, plus any permanent man-made additions such as houses and other Buildings. 𝐑𝐞𝐚𝐥 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 - This is defined as the interests, benefits, and rights inherent in the ownership of real estate. Real Property is everything included in real estate, plus the rights of ownership, including the right to possess, sell, lease, and en...