{"id":9141,"date":"2018-07-26T00:00:25","date_gmt":"2018-07-25T23:00:25","guid":{"rendered":"https:\/\/www.tolet.com.ng\/blog\/?p=9141"},"modified":"2018-09-18T13:55:21","modified_gmt":"2018-09-18T12:55:21","slug":"deed-of-assignment","status":"publish","type":"post","link":"https:\/\/propertypro.ng\/blog\/deed-of-assignment\/","title":{"rendered":"Deed of assignment"},"content":{"rendered":"

Why do we collect a certificate after graduating from a school?<\/span> Why collect a receipt after a purchase? All these documents likewise deed of assignment for\u00a0land<\/strong> are all super important because they serve as legal proof<\/strong>.\u00a0\u00a0<\/span>Deed of assignment<\/strong> is one of the very important land documents to acquire if ownership of land<\/strong><\/a> is to be authentic.\u00a0<\/span><\/p>\n

To not collect a deed of assignment<\/strong> for the property purchased from the buyer is tantamount to throwing your money in the ocean and hoping the waves won\u2019t carry it away. In case of litigation, t<\/span>he deed of assignment contains important information concerning the real estate transaction.<\/span><\/p>\n

LAND FOR SALE IN ABUJA<\/strong><\/a><\/p>\n

As a savvy buyer, don’t ever buy a land without the knowledge of a solicitor and the presence of relevant\u00a0documents of land ownership in Nigeria\u00a0<\/strong>like\u00a0Certificate Of Occupancy<\/strong>, Deed Of Assignment<\/strong> or\u00a0Survey plan<\/strong>. Due to an increase in real estate scam by omonile and fraudsters, it is important not to rush the buying process.<\/span><\/p>\n

What is a deed of <\/strong>assignment?<\/strong><\/h2>\n

A Deed of<\/strong> assignment<\/strong> is a\u00a0<\/strong>legal document<\/strong>\u00a0which serves as a proof that the property purchased will be transferred to the buyer on a defined date by the rightful owner. <\/span><\/p>\n

The deed of assignment<\/strong> for land has to be recorded in the land registry<\/strong> to show legal proof and to bring to the notice of everyone that the property has been transferred from the seller to the buyer.<\/span><\/p>\n

Never accept a receipt<\/strong> for the property<\/strong> bought has an evidence of ownership<\/strong> because it is the same thing has fetching water with a basket.\u00a0The seller who transfers his rights to that property is usually called the assignor<\/strong> and the person who receives such right from the seller is called the assignee<\/strong>.<\/span><\/p>\n

LAND FOR SALE IN LEKKI PHASE 2<\/strong><\/a><\/p>\n

Difference between deed of assignment and deed of conveyance<\/h2>\n

The significant difference is that a deed of Conveyance<\/strong>\u00a0can transfer the legal title of the property’s ownership from one individual to another in the form of a mortgage, gift or other real estate transactions while a deed of assignment<\/strong> is primarily based on transferring ownership through sales from one person to another.<\/span><\/p>\n

\"Signing<\/p>\n

<\/h2>\n

Deed of assignment format<\/strong><\/h2>\n

Deed of assignment format in Nigeria<\/strong>\u00a0must follow this<\/span>\u00a0particular order listed below:<\/span><\/p>\n

The cover page<\/h3>\n

The cover page of the deed of assignment<\/strong> must show both parties involved in the transaction( assignor<\/strong> and the assignee<\/strong>)and the description of the land sold.<\/span><\/p>\n

The second page<\/h3>\n

The second page of the deed of assignment<\/strong> must contain the parties to the real estate transaction<\/strong> and the brief history of how the land became the Seller\u2019s property.<\/span><\/p>\n

The third page<\/h3>\n

The third page of the deed of assignment<\/strong> must contain the description of the land to be sold, the surveyor that carried out the survey, the cost of the land, the acceptance of the cost of the land and the promises both parties will make to themselves to abide with after the deal has been sealed. <\/span><\/p>\n

The final page<\/h3>\n

The final page of the deed of assignment<\/strong> must show the signatures of the parties and the witnesses to that transaction and finally below, the section for the commissioner of oaths<\/strong> to endorse or the governor to assent his consent to this transaction.<\/span><\/p>\n

LAND FOR SALE IN PORT HARCOURT<\/strong><\/a><\/p>\n

Components of a deed of assignment<\/h2>\n

Deed of assignment<\/strong> must include: names of the people involved in the agreement, the origin and history of the land in relation to the transfer of ownership from the specified period it was obtained until the present day of sale, addresses of both parties involved in the transaction ,successors, representatives , description and size of the land to be transferred, the signature of the parties to the assignment and witnesses to the transaction and space for signature of the commissioner of oaths or governor\u2019s consent<\/strong>. <\/span><\/p>\n

All the above features are the important component of a deed of assignment<\/strong> and must be included in the documents for it to be valid. The deed of assignment can be in the form of a governor\u2019s consent<\/strong> or registered conveyance<\/strong>.<\/span><\/p>\n

\"Consult<\/p>\n

However, ensure you consult a \u00a0lawyer<\/strong> before you buy a land<\/strong> to help you draw up a deed of assignment. It will be a grave mistake not to seek a lawyer\u2019s counsel about the deed of assignment<\/strong> so you don’t get scammed of your money<\/a>.<\/span><\/p>\n

Check out PropertyPro.ng<\/a> for verified land<\/a>. Kindly share your opinion below about deed of assignment<\/strong> with other PropertyPro<\/a> readers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Why do we collect a certificate after graduating from a school? Why collect a receipt after a purchase? All these documents likewise deed of assignment for\u00a0land are all super important because they serve as legal proof.\u00a0\u00a0Deed of assignment is one of the very important land documents to acquire if ownership of land is to be …<\/p>\n","protected":false},"author":24,"featured_media":9142,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[17,467],"tags":[2155,2158,2159,2160,2161,2157,2156,2154],"class_list":["post-9141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-real-estate-advice","tag-deed-of-assignment-for-land","tag-deed-of-assignment-format","tag-deed-of-assignment-pdf","tag-deed-of-assignment-vs-deed-of-sale","tag-deed-of-conveyance-draft","tag-deed-of-conveyance-in-nigeria","tag-difference-between-deed-of-assignment-and-deed-of-conveyance","tag-sample-deed-of-assignment-land"],"_links":{"self":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/9141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/comments?post=9141"}],"version-history":[{"count":8,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/9141\/revisions"}],"predecessor-version":[{"id":11109,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/9141\/revisions\/11109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media\/9142"}],"wp:attachment":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media?parent=9141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/categories?post=9141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/tags?post=9141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}