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Showing posts from November, 2023

Enhancing Transparency and Trust in Real Estate Through Technology

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In today's article, w e're thrilled to share key takeaways from our groundbreaking YouTube Live event, "Leveraging on Property Technology to Enhance Real Estate Sustainability: Enhancing Transparency and Trust in Real Estate Through Technology".  x Let's delve into the enriching discussions that unfolded: Q1: Comparing the Real Estate landscape of the 90s and today, what significant transformation has occurred? The real estate landscape in the 90s was purely manual in the way things were done, for example, the mode of transaction between ’91 and now has changed, the introduction of technology in Nigerian real estate changed a lot as companies like Property Pro who started doing property listing, marketing has been greatly improved by technology. Let’s not fail to also talk about the things that have not improved like the paper-based land registry which has not been updated and is inefficient in taking care of land verifications. As technology increases the rate of...

Property Transactions in the FCT: Protecting Your Interest (How to Avoid Revocation of C of O)

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Many property owners have had horrible experiences of their C of O being revoked by the government and most times they don't know how or why it happened. This article will give you an understanding of how it works and tips to help you avoid C of O revocation.  C of O is evidence of ownership. The actual title document is the document that transfers the title from the previous owner to you e.g., the deed of assignment. Possible reasons why a land title can be revoked. ·         If the property is overriding public interest; this is when the Government requires the land for public purposes, projects, or infrastructure. ·         If the owner breaks a term of the lease; this can happen when there is noncompliance with the terms of the agreement of the lease. For example, when land that is supposed to be used for a specific purpose is not used for that specific purpose. Or when one fails to develop within the ag...