Sample

deed of assignment in nigeria pdf

Deed of assignment for land sample. Sample draft of deed of assignment in nigeria pdf. Requirements for deed of assignment. Types of deed of assignment. Meaning deed of assignment. What is deed of
assignment.

A deed is referred to as a legal document that serves as an instrument used regarding the transfer, assignment, or bargain of a property or rights. Deeds need to be signed, sealed, and delivered so that it will be considered valid. Deeds are often associated with property transfers, like transferring the ownership of the title of a property to another.➞
Download Now : 200,000+ Templates... just at $24 a year A deed of assignment is one type of deed that is used not only in legal practices but also in the business industry during sale and transfer transactions. We will be touching on this important legal document in this article analysis.

Select deed of assignment samples and templates have been included in this article for your convenience. You may download these sample and templates for free. Useful information like what it is, its uses, its components, and many more are available here. Feel free to check them out below.Deed of Sale and Assignment Lease TemplateDetailsFile
FormatMS WordGoogle DocsPagesPDFDownloadAssignment of Deed of Trust TemplateDetailsFile FormatGoogle DocsMS WordPagesEditable PDFSize: A4, USDownloadDeed of Reassignment and Retransfer TemplateDetailsFile FormatGoogle DocsMS WordPagesEditable PDFSize: A4, USDownloadEditable Deed of Assignment TemplateDetailsFile
FormatSize: 4 KBDownloadSample Deed of Assignment TemplateDetailsFile FormatSize: 112 KBDownloadBank Deed of Assignment TemplateDetailsFile FormatSize: 11 KBDownloadSample Company Deed of Assignment TemplateDetailsFile FormatSize: 159 KBDownloadSimple Deed of Assignment TemplateDetailsFile FormatSize: 49
KBDownloadSample Assignment of Intellectual Property Rights (Pro-Assignee)DetailsFile FormatSize: 21 KBDownloadPrintable Deed of Assignment TemplateDetailsFile FormatSize: 55 KBDownloadDeed of Assignment of Shipbuilding TemplateDetailsFile FormatSize: 25 KBDownloadWhat Is a Deed of Assignment?A deed of assignment is a document
that contains the details of a transaction that involves the transfer of ownership of a property from one entity to another. It works just like that of an sample agreement because a deed of assignment involves two parties in it who both need to agree to the terms and conditions of the assignment. The word transfer best determines or best describes
what a deed of assignment is.There will always be two parties involved in a deed of assignment and they are the assignee and the assignor.

The the person or party who makes the transfer their rights to another person or party is called the assignor. The person who gets or receives the rights to a property or thing from the assignor is called the assignee. Both parties are important in the completion of a deed of assignment.The concept of a deed of agreement is very similar to that of a
legal agreement or legal contract, where there is a party who creates an offer and another party who accepts the offer. To learn more about deeds and other related topic, you may check out our website view them from there. To name a few examples are quit claim deeds, mortgage deeds, and sample grant deeds form.How Is a Deed of Assignment
Different from That of a Deed of Sale?A deed of sale is also a sample form of document that transfers one’s rights on a property or thing to another.
That is exactly the same as a deed of assignment. They may be used for the same reason, which is to transfer property rights, but there is still a difference between a deed of assignment and a deed of sale, which is evident in the details of each document and how they work. The following is a comparison that will help you understand their differences
easily.A deed of sale is used mainly in real estate business plan to transfer the rights of the real estate holder, which is the seller, to that of the buyer once full payment for the real estate property is made. This transfer involves monetary payment by the buyer to the seller for the said real estate property. In a deed of assignment, the transfer of rights
to a property may or may not require the assignee to make a payment for the said property nor does the assignor ask for payment for it.The buyer and the seller need to comply to the terms and conditions of the sales contract and they must do their share of responsibilities or obligations while the contract is still ongoing and even if the transfer has
been completed. This is not the case in a deed of assignment.
The transfer of rights is absolute, which means that once the transfer has been completed, the assignor no longer has anything to do with the property rights that they have transferred to another. In other words, they have totally given up all their rights to the said property or thing.A deed of sale is recognized by the law as the purchase or sale of a
property, rather than a transfer of the rights of that property.A deed of sale may be seen as a takeover of rights while a deed of assignment may be seen as a transfer of responsibilities.You may also be interested in other related topics, like sample warranty deed forms and general warranty deed samples.Uses of a Deed of AssignmentWhat are the
uses of a deed of assignment? There are a number of things that a deed of assignment is used for and they are as follows:A deed of assignment is used as an evidence that a certain transfer transaction has taken place between an assignor and the assignee.It is a document used to show that the assignor has transferred all of their rights, claims,
interests, and ownership of a certain property to the assignee.It is a proof of the assignor’s promise that they are transferring their rights and ownership to the property to the assignee.A deed of assignment is not only used to transfer one’s rights to another, but it is also used to transfer the responsibilities or obligations of the assignor to the
assignee. These responsibilities or obligations come together with the ownership and rights to the said property.Real estate businesses and other businesses involved in the sale and purchase of different kinds of properties commonly use a deed of assignment together with other important legal documents, like real estate sales contract , property
sales contract , and home sales contract.What Are the Components of a Deed of Assignment?There are a lot of components of a deed of assignment and it is important that you know of these components if you are going to study or get involved in one. Below is the list of the components of a deed of assignment that you need to know.The introduction,
which includes the date when the assignment is made and signed, the commencement, the names of both the parties involved, and the recitalThe operative part, which includes the testatum or the witnesses, and other clauses like receipt clause, the consideration, the word grant, the parcel, the capacity of both the vendor and the covenant for the
title, exceptions and reservations, and habendumOther miscellaneous clauses like the covenant for indemnity, both for assignor and assigneeThe testimoniesThe schedulesThe execution of the deedPipeline Company Deed of Assignment TemplateDetailsFile FormatSize: 69 KBDownloadSample Deed of Assignment Form with Instructions
TemplateDetailsFile FormatSize: 68 KBDownloadDeed of Assignment of Contractor’s Financial Benefits TemplateDetailsFile FormatSize: 20 KBDownloadDeed of Assignment of Tenancy TemplateDetailsFile FormatSize: 37 KBDownloadDeed of Assignment of Trademark TemplateDetailsFile FormatSize: 12 KBDownloadDeed of Assignment: Executors
to Beneficiary TemplateDetailsFile FormatSize: 51 KBDownloadSample Deed of Assignment and Undertaking TemplateDetailsFile FormatSize: 51 KBDownloadHow to Create a Deed of AssignmentBelieve it or not, you can create a deed of assignment on your own.

You just need the right steps to guide you and the appropriate resources to help you have it done. Below are some easy-to-follow steps that you will really find useful.Decide what your deed of assignment is going to be about. Think of the details that you want to include in it that specifically has something to do with its transfer.If you must, list down
these details and other specifications that you want to include in your deed of assignment.Once you have that decided or identified, go online and look for a deed of assignment template that contains the same details and specifications that you need, or a template that is similar to what you need.When you already found the template, download it to
your computer or laptop. Also check if it the file type is supported by the sample applications you have on your computer or laptop, like Word or PDF.Open the downloaded file. If you need to change anything, or add and remove some parts, feel free to do so. Just make sure that it does not change the meaning of the paragraph, sentence, or part that
you made changes to.When you are satisfied with the changes that you have made, go back to the very first page and review your work. Make sure that everything is covered in your document.After finalizing your work, save the changes that you have made. Saving your work allows you to retrieve it later on if you have a need for it in the
future.Print enough copies that you need for your transaction.Now you should have a deed of assignment of your own with your preferred details. Things get pretty easy and convenient with the use of templates.
It is just like the one we did above. To get hold of other useful templates, feel free to visit our website and check a variety of templates from there. Other titles you may be interested in are Quit Claim Deed, Investment Contract , and Shareholders Agreement .Advantages of Deed of Assignment TemplatesWith the steps above, you probably have an
idea how great templates are.
But its greatness does not stop there because more of it are in store for you. Below is a list of some of the advantages of a deed of assignment template.There are different varieties of deed of of assignment templates online so you can look for the template that is just right for your needs.The templates are from reliable and trusted sources so you are
sure that the one you will find online is capable of handling your situation.Using ready-made templates ensures that the deed of assignment produced is one that is complete.The creation of the document becomes fast and convenient for anyone who wishes to make their very own deed of assignment.The use of the templates is highly recommended
because of its level of accuracy, which is belied to be little to no mistakes at all.That is a lot of advantages that you can get from these templates. Another good thing is, even with just sample on hand, you can pretty much get the same advantages similar to that of templates. If you find this article helpful, you will also love other articles that we offer
on our website. To name a few are Asset Purchase Agreement , Essential Financial Statements for Your Business, and Legal Bill of Sale. REGISTRATION FOR DEED OF ASSIGNMENT IN LAGOS STATE DEED OF CONVEYANCE IN NIGERIA A deed of assignment is an agreement where an assignor assigns his or her ownership in land or property to
an assignee. The deed of assignment in Nigeria contains very pertinent information for a real estate transaction. The deed of conveyance in Nigeria also comprises the same information as a deed of assignment; there is no significant difference between the two. The state within Nigeria where the property is being transacted usually determines
whether the deed of the assignment will be the appropriate property transfer agreement to be drafted or deed of conveyance. The deed gives a specific description of the property that is included in the transfer of ownership, consideration and other covenants between parties. In most situations, when the deed of assignment has been exchanged
between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded deed of assignment comes in the form of either a Governor’s consent and registration. The Deed of Assignment spells out the key issues in the transaction between the
seller and the buyer so that there will not be any confusion or assumption after the property has been transferred to the new owner. Features of Deed of Assignment Every deed of assignment must contain certain information, which includes the followings: The names of the parties to the agreement The address of both parties. The history of the land
in question. Such history may include how it was first obtained down to the moment it’s about to be sold. The agreed cost of the land and the willingness of the seller to finally accept that price paid for the land The description and size of the land to be transferred The covenants or promises both parties choose to undertake to perfect the transfer of
the document The signature of the parties to the assignment and witnesses to the transaction Finally, the section for the Governor’s Consent that must be signed by the Governor or any government official designated by Governor for such purpose in the course of registration of the deed. The steps for registration are as follows; Upon the execution of
the Deed of Assignment, it must be duly registered and be consented to by the Governor in accordance with the provisions of the Land Use Act, LFN 2004. The consent of the Governor is important before the actual alienation or the sale of any interest in land in Nigeria. The Land Use Act makes it mandatory for the consent of the Governor to be
obtained. Section 22 of the Act provides that it shall not be lawful for the holder of a statutory right of occupancy granted by the Governor to alienate his right of occupancy or any part thereof by assignment, mortgage, transfer of possession, sublease or otherwise howsoever without the consent of the Governor first had and obtained. Section 22(2) of
the Land Use Act further provides that “ the Governor when giving his consent to an assignment mortgage or sub-lease may require the holder of a statutory right of occupancy to submit an instrument executed in evidence of assignment, mortgage or sub-lease and the holder shall when so required to deliver the said instrument to the Governor in
order that the consent given by the Governor under subsection(1) may be signified by endorsement thereon.” The power to grant consent can be delegated and this is provided for in section 45 of the Land Use Act. By and large, upon the execution of a deed of assignment by parties to a property transaction, the procedure and steps for the
registration of the executed deed of assignment in Lagos State or any other jurisdiction in Nigeria involves 3 major steps namely; Obtainment of Governor’s Consent; Stamping of Deed; and Registration Obtainment Governor’s Consent To obtain the Governor’s consent in Lagos state, the application should be made with the land form 1c obtainable at
the lands registry, and the form should be signed by the purchaser and the vendor, where the purchased land is already registered in vendor’s name at the registry. The application form shall be submitted with the followings: A covering letter addressed to the Director of the Department of Lands and Housing, Lagos State The payment of consent fee
after the property has been inspected and valued. Current tax clearance certificate of the two parties. In the case of a mortgage, only that of the mortgagor is required. Where one of the parties is a corporate body, the corporate body must supply the revenue certificate papers for its staff remitted to government and the current tax clearance
certificates for the directors. In the case of a developed property, there shall be a requirement for the building plan. Six (6) copies of the Deed of Assignment for which consent is sought. Evidence of up to date payment of ground rent and legal charges. Evidence of payment of development levy. Receipt of payment of charting fees and endorsement
fees A Certified True Copy (CTC) of the assignor’s land document obtainable from the lands registry. After the Governor grants consent, the solicitor must ensure that the stamp duty charged on the transaction is paid. It is advised that consent be obtained before payment of stamp duties since if the Governor refuses the consent, the duties paid
cannot be recovered. Stamp duties are taxes imposed on certain transactions, one of which is the alienation of an interest in a property. The effect of failure to pay stamp duties are; The instrument will not be accepted for registration The instrument will be inadmissible in evidence in court as stipulated under section 22 of the Stamp Duties Act It will
attract a penalty in cases of late registration The importance of registering the deed of assignment or conveyance, which alienates interest in land is that it is a document affecting land in which one party confers, transfers, limits, charges or extinguishes in favour of another party a right or title to or interest in land. Although, section 25 of the Land
Instrument Registration Law of Lagos State provides that registration does not cure defects in title, however, a deed of assignment is a registrable instrument and must be registered within 60 days of execution. Registration has lots of advantages; which includes It is an indication that the title is not encumbered Where an instrument is not registered,
it cannot be pleaded because it is inadmissible in evidence It gives priority, that is, first in time will prevail where there are rival instruments are registered. Conclusion The Deed of Assignment, otherwise known as Deed of Conveyancing in other states in Nigeria is the document transferring the sale of land or property from one buyer to another.

The names of the parties to a Deed of Assignment are Assignor (the Seller) and Assignee (the purchaser). When a deed of assignment has been duly executed among parties to a land transaction, it must be duly registered with the state government where the land is located.
The registration of land’s title shall commence with the obtainment of Governor’s Consent with the provisions of the Land Use Act. By Real Estate Law Team at Resolution Law Firm Email:info@resolutionlawng.com A Deed of Assignment is an instrument of transfer which is used in real estate transactions to transfer legal title or the ownership in a
land or building from the title holder (called the assignor) to another called the assignee, usually for a consideration (money or money's worth). The conveyance is done in writing, signed, sealed and delivered by the parties to the transaction. This is a very important document that should be delivered to purchaser after the conclusion of the sale of any
real property. This document is different from the Contract of Sale because although it is a vital document in real property sale and purchase transactions, the contract of sale alone does not convey legal interest in real estate. On the other hand, a registered deed of assignment not only transfers legal interest in real property, but also serves as the
assignee's root of title. According to the Land Use Act, all state and federal lands are vested in the governor of each state and the federal government respectively, who hold the lands as trustees for Nigerians. Consequently, a person who acquires ownership of a land in Nigeria is granted a certain term of years (usually 99 years) and is not referred to
as the owner but the holder of a term of years and can assign the remainder of such term to another under a deed of assignment. Note that if a person gifts another a real property, a Deed of Gift should be executed for this purpose. How to use this document The document should outline the names and addresses of the parties, a detailed description
of the property being conveyed, the origin of the property, covenants and representations of the assignor. After completing this document, the parties should sign the document. If either of the parties is an individual, the individual should sign the document and the document must be attested by one witness who will put their name, occupation,
address and signature. If either of the parties is a company, the common seal of the company should be affixed on the document and either two directors or one director and one company secretary should sign the document. After the documents have been properly executed, either of the parties (particularly the assignee) should take steps to register
the property at the ministry of lands if the property is within the purview of the state government and the federal ministry of housing and urban development if the property is within the purview of the federal government or located in the federal capital territory, Abuja. The Assignor should deliver at least three or four signed copies of this document
to the Assignee for registration at the requisite lands registry.
The Assignor can also keep a signed copy of this document for their record. Applicable law The Land Use Act 1978 is applicable to this document. The Property and Conveyancing law of 1989, Lagos State Registration of Titles law, 2004 and the Registration of Titles laws of various states are also applicable to this document. How to modify the
template You fill out a form. The document is created before your eyes as you respond to the questions. At the end, you receive it in Word and PDF formats.
You can modify it and reuse it.