Never Underestimate the Importance of "A Lawyer"

• Damilare

Buying and selling of properties in Nigeria are important and delicate transactions that may incur the services of experts like real estate lawyers. This is because buying and selling of properties require extensive legal knowledge, how to manage and protect your money, how to remit ownership to the buyer and other details that can be very difficult to understand without professional assistance.

The Business of Real Estate is not just about buying or selling property but also about protecting your interests as well as those of both the sellers and buyers. Getting a legal practitioner who understands all legal risks attached to your business will guide you through this process so that you can make wise decisions without any pitfalls.

A real estate lawyer can prevent you from falling prey to lots of land disputes and controversies, when dealing with real estate, nothing is as important as knowing what you are getting into as well as what risks you are running and also how to get out of them. In Real Estate, financial risk should not be your greatest fear, there are many risks when it comes to real estate in that investors often end up with a property that can be a liability. You should never try to handle any legal matter by yourself especially if it has anything to do with buying or selling real estate because it is too complex for anyone to deal with using personal discretion. It is better you hire an expert lawyer who will take care of everything for you so that there are no problems in the future due to your ignorance or lack of knowledge on a subject matter or property law binding your region or state.

However, there are various sources of laws that apply to property transactions in Nigeria which shall be briefly explained below.

• Customary Laws- These laws apply to ownership and transfer of properties under native laws and customs. Under customary laws, transfer of property is deemed to be complete and valid where the purchaser is in possession, there are only few restrictions on the sale and transfer of property as under customary laws. 

• Judicial Laws - These are judicial decisions of the superior courts, especially the Supreme Court of Nigeria in respect of the cause of actions arising from disputes over properties that have been recognized as a part of law throughout Nigeria. According to the Nigerian Constitution of 1999, all laws are subordinate to the Constitution, in the case of disputes about property and in matters that are not expressly stated in the laws as falling under the exclusive jurisdiction of the superior court.

• The English Laws - These comprise of English Common Laws, Doctrines of Equity, and Statutes of General Application. They regulate property practices in Nigeria about the cause of actions that have been instituted and determined by the High Court and other superior courts of record, especially where there is a lack of comparable local law that can apply to the transaction.

All these laws are basic common principles and procedures in the adjudication of all legal disputes regardless of their nature and with the help help of a lawyer you can better understand the procedure of the legal system Real Estate Business Credencial. As you grow in your Real Estate Business and dive deeper into sales and development of properties, do not underestimate the need for legal expertise for your business to guide the module of your business transaction. One wrong move or breach in a property law can cost you all your years of hard work. In developing your business make sure you are always in compliance with all existing laws, regulations and standards by having a Real Estate Lawyer Consulting with you at every stage of transactions and transactions.

Buying and selling of properties in Nigeria are important and delicate transactions that may incur the services of experts like real estate lawyers. This is because buying and selling of properties require extensive legal knowledge, how to manage and protect your money, how to remit ownership to the buyer and other details that can be very difficult to understand without professional assistance.

The Business of Real Estate is not just about buying or selling property but also about protecting your interests as well as those of both the sellers and buyers. Getting a legal practitioner who understands all legal risks attached to your business will guide you through this process so that you can make wise decisions without any pitfalls.

A real estate lawyer can prevent you from falling prey to lots of land disputes and controversies, when dealing with real estate, nothing is as important as knowing what you are getting into as well as what risks you are running and also how to get out of them. In Real Estate, financial risk should not be your greatest fear, there are many risks when it comes to real estate in that investors often end up with a property that can be a liability. You should never try to handle any legal matter by yourself especially if it has anything to do with buying or selling real estate because it is too complex for anyone to deal with using personal discretion. It is better you hire an expert lawyer who will take care of everything for you so that there are no problems in the future due to your ignorance or lack of knowledge on a subject matter or property law binding your region or state.

However, there are various sources of laws that apply to property transactions in Nigeria which shall be briefly explained below.

• Customary Laws- These laws apply to ownership and transfer of properties under native laws and customs. Under customary laws, transfer of property is deemed to be complete and valid where the purchaser is in possession, there are only few restrictions on the sale and transfer of property as under customary laws. 

• Judicial Laws - These are judicial decisions of the superior courts, especially the Supreme Court of Nigeria in respect of the cause of actions arising from disputes over properties that have been recognized as a part of law throughout Nigeria. According to the Nigerian Constitution of 1999, all laws are subordinate to the Constitution, in the case of disputes about property and in matters that are not expressly stated in the laws as falling under the exclusive jurisdiction of the superior court.

• The English Laws - These comprise of English Common Laws, Doctrines of Equity, and Statutes of General Application. They regulate property practices in Nigeria about the cause of actions that have been instituted and determined by the High Court and other superior courts of record, especially where there is a lack of comparable local law that can apply to the transaction.

All these laws are basic common principles and procedures in the adjudication of all legal disputes regardless of their nature and with the help help of a lawyer you can better understand the procedure of the legal system Real Estate Business Credencial. As you grow in your Real Estate Business and dive deeper into sales and development of properties, do not underestimate the need for legal expertise for your business to guide the module of your business transaction. One wrong move or breach in a property law can cost you all your years of hard work. In developing your business make sure you are always in compliance with all existing laws, regulations and standards by having a Real Estate Lawyer Consulting with you at every stage of transactions and transactions.