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DEEDS REGISTRY: Submit at least 2 copies of Deed, pay N5000 registration fee but N50,000 for the registration of Court Judgment.
The deed of assignment is a registrable instrument, and therefore, it must be perfected and registered with the state government where the property is located. In summary, a contract of sale is the first document to be drafted in respect f any land purchase.
Deed of Assignment in Nigeria How To Register Obtain A Governors Consent. When they already registered the purchased land in the sellers name at the registry. Pay Stamp Duties. Following the Governors approval, the solicitor must guarantee that they pay for the transactions stamp duty. Register The Deed.
The most common example of the non-delegable or non-asdocHub nature of a personal service contract is that of a famous opera singer who has contracted with an opera to perform. She cannot assign her contractual duty to another singer because the nature of the services is unique and personal.
Assignment of purchase and sale agreements allows the purchaser to take their rights and obligations under a purchase agreement and reassign them to a third party who will take on those responsibilities.
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Yes, a seller can back out of a contract under certain circumstances. But you must show that youve upheld the conditions in the purchase agreement or face consequences.
Unlike notation, assignment contracts do not annul the initial agreement and do not establish a new agreement. The original or initial contract continues to be enforced. Assignment contracts generally do not require the authorization from all parties in the agreement.
An Assignment of an Agreement of Purchase and Sale is when an original purchaser under an Agreement of Purchase and Sale permits a different party to take over the contract. New homes, condominiums and even re-sale properties can be assigned.
Usually, most lawyers in Nigeria charges between 5% to 10% of the cost of the property to prepare a deed of assignment. So, for a property being purchased at N20,000,000, a lawyer may charge N1,000,000 (5%) of the cost to prepare deeds and other necessary documents.
Unless otherwise restricted by state law, the general rule is that a purchase option in a commercial lease can be freely assigned. Typically, most courts agree that the assignment of a commercial lease that contains a purchase option gives the new assignee the right to exercise the same purchase option.

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