HOW TO PROPERLY INVESTIGATE TITLE TO A LANDED PROPERTY IN ABUJA, FCT.
Investigating the title to a piece of landed property in the Federal Capital Territory (FCT), Abuja is an essential step in the course of buying or investing in real estate. A proper investigation of the title can help guarantee that the property is legally and financially sound, and can help protect against potential issues down the road. In this article, we will discuss the steps involved in investigating the title to a landed property in the FCT, and offer tips on how to navigate the process.
The first step in investigating the title to a landed property in the FCT is to get hold of a copy of the Land allocation papers. This document, also known as the Certificate of Occupancy or Right of Occupancy, is issued by the Abuja Geographic Information System (AGIS) and serves as proof of ownership for the property. The title document will enclose significant information such as the property’s legal description, the names of the current and previous owners, and any encumbrances or liens on the property.
Once you have obtained a copy of the Land allocation papers, the next step is to conduct a title search. A title search is a meticulous examination of the property’s title history and can help expose any possible issues or problems with the property. A title search will characteristically include a review of the property’s deeds, mortgages, and other legal documents, as well as a search for any outstanding liens or judgments against the property.
It is also vital to verify for any encumbrances or restrictions on the property. Encumbrances are legal claims or interests that may affect the property, such as easements or covenants. Restrictions are limitations on the use of the property, such as zoning or building regulations. These can be found by consulting the land use plan, the layout plan and the master plan of the area where the property is located.
Another important step in investigating the title to a landed property in the FCT is to verify the property’s boundaries. The property’s boundaries should be undoubtedly marked and agreed upon by all parties involved in the deal. It is essential to make sure that the property’s boundaries match those listed on the title document, and to check for any disputes or discrepancies.
It is also important to check for any outstanding debts or taxes on the property. This can be done by checking the property tax records and consulting with the relevant government agencies. Any outstanding debts or taxes must be settled before the sale of the property can be accomplished.
In addition, it is vital to check for any planning permission and building approvals. This can be done by consulting the relevant government agencies, e.g. (Department of Development Control (DCC), and ensuring that all necessary approvals (implementation permit (IP) have been obtained for any construction or development on the property.
In conclusion, examining the title to a landed property in the FCT is a vital step in the course of buying or investing in real estate. By obtaining a copy of the Land allocation document, conducting a title search, verifying the property’s boundaries, checking for any encumbrances or restrictions, resolving any outstanding debts or taxes, and ensuring that all necessary approvals have been obtained, buyers and investors can ensure that the property is legally and financially sound.
Okpi, Ibe Chinedu is the Principal Partner in the Law Firm of Ibe, Chido and Associates ( www.ibechidoassociates.com.ng ) .Contact via phone: 07069279374 or email: info@ibechidoassociates.com.ng