The method of payment of the purchase price must also be indicated, either in full or in in tranches payable. The document allows the parties to agree on basic conditions, for example. B if the buyer must make a first deposit, as the purchase price is paid, date and place of conclusion, when personal items (furniture and accessories, such as furniture, kitchen utensils, etc.) are sold at the same time as the property, etc. It also contains other conditions such as property insurance and whether the parties agree to use arbitration procedures to resolve their dispute. Explicitly state how the agreement is terminated if one of the parties is late under the terms agreed in the agreement. After completing this form, the contracting parties must sign the document and their witnesses must fill out their names, addresses, composition and sign the document. Before buying land, the buyer must check and browse all the real estate to be acquired. It is essential to retain the services of a lawyer to conclude the purchase of real estate in Nigeria. A land acquisition contract is generally referred to as a “sales contract” or “sales contract.” It can be easy with little information, or it can be detailed to buy all the information and future commitments of the parties with regard to the country. A land acquisition contract is entered into when two parties deal with each other. There are at least two different parties involved in the contract to purchase the land. That is, the seller and the buyer. The basic purchase agreement must contain all information provided by the seller and buyer, such as names and addresses.
It is important to note that if one of the parties is late under the terms agreed in the basic purchase agreement, the contract may be terminated in accordance with the provisions in it. Start with your own Land Sale Agreement. (Note that this is only a sample and is not intended for official or professional purposes. This is not a substitute for a lawyer and you should not use it for contracts or agreements.) The only purpose of this article is to show you an agreement to sell Nigerian sample country. Finally, you can try to establish a land sale contract. It won`t be perfect, but it`s a good start. A real estate sale contract is a contract between two or more parties, in which the seller agrees to sell and the buyer agrees to buy a property. The contract defines the terms and conditions for the sale and purchase of the property. The property in this contract includes land, houses and any type of building. A land purchase agreement in Nigeria is a formal contract by which a seller agrees to sell, and the buyer agrees to purchase land on certain terms defined in writing in the agreement signed by both parties. In summary, a sales contract is the first document that is produced for the acquisition of land.