Kenneth Nwimo & Associates

The Significance of Survey Plans in Nigeria’s Property Investment Market.

By Kenneth Nwimo

Survey plan holds great significance in real estate investment due to specific considerations and regulations within the country. Enumerated below are some of the significance of survey plan in Nigeria.
1. Boundary Determination: Nigeria has a complex land ownership system and disputes over property boundaries are not uncommon. A survey plan helps clarify the exact boundaries of a property, minimizing the risk of boundary disputes and providing investors with clear understanding of the land they are acquiring.

2. Documentation for Title Registration: In Nigeria, land ownership is typically evidenced by a Certificate of Occupancy (C of O) or a Deed of Assignment. A survey plan is a critical document required for the registration of land titles. It helps validate the property’s description and ensure accurate representation during the registration process.

3. Compliance with Government Regulations: Nigeria has various land use regulations and planning laws at federal, state and local level. A survey plan assists in determining if the property adheres to these regulations, such as zoning restrictions, and environmental considerations. Investors can assess the property’s suitability for their intended use and avoid potential legal complications.

4. Property Valuation: Survey plans provide detailed information on the size, shape and topography of the land, which is essential for property valuation. Accurate measurements and features documented in the plan help investors and appraisers assess the market value of the property and make informed investment decision.

5. Mortgage Financing: when seeking mortgage financing Nigeria, financial institutions often require a survey plan as part of their due diligence process. The survey plan assists lenders in assessing the property’s value.

Dear tenant, it is not only when your rent is expired that your landlord can issue you Quit Notice. He can issue it even prioir to your rent expiration.

However, the quit notice would have to lapse on the eve of the expiration of the rent, and the duration of the notice must be proper and well calculated.