Verfügbarkeit: Property law practice in Nigeria

Property law practice in Nigeria:

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Bibliographische Detailangaben
1. Verfasser:	Dadem, Yusufu Yilzum (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Jos Jos Univ. Press 2009
Online-Zugang:	Inhaltsverzeichnis
Beschreibung:	XXXII, 407 S.
ISBN:	9781668458

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MARC


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adam_text	Property Ław Practice in Nigeria viii TABLE OF CHAPTERS CHAPTER ONE .....................................................................................1 OVERVIEW OF PROPERTY LAW PRACTICE: APPLICABLE LAWS ................................................................................................1 Property Law Practice: Meaning.... ................................................................................1 Types of Property Transactions .....................................................................................3 Applicable Laws to Property Practice and Transactions in Nigeria ....................................6 Precedents: Vital Source of Property Practice ............................,................................24 Ethical Considerations for Solicitors ...........................................................................26 CHAPTER TWO. ..................................................................................27 ROLE & RESPONSIBILITY OF SOLICITORS IN PROPERTY PRACTICE .......................................................27 Role of the Solicitors in Property Practice. .................................................„................27 Responsibility of Solicitors in Property Practice ..........................................................29 Ethical Considerations for Solicitors ...........................................................................37 CHAPTER THREE ..............................................................................38 POWER OF ATTORNEY IN PROPERTY PRACTICE .................................38 Nature and Features of Power of Attorney ..................................................................38 Circumstances requiring Power of Attorney ...............................................................40 Types of Power of Attorney .......................................................................................40 Power of Attorney as Instrument : Whether can convey Interest in Land ..................42 Factors which Make a Power of Attorney Valid ...........................................................46 Formal Parts of Power of Attorney .............................................................................50 Construction of Power of Attorney, ...........................................................................52 Revocation of Power of Attorney ...............................................................................53 When a Power of Attorney is Irrevocable ...................................................................54 Protection of third Parties in Dealings with Donees ....................................................55 Ethical Considerations for Solicitors ...........................................................................56 CHAPTER FOUR. ................................................................................58 DEEDS OF CONVEYANCES IN PROPERTY PRACTICE ........................58 Nature of Deeds ......................„..................................................................................58 When Deeds are required for Property Transactions ...................................................59 Property Transactions that do not require Deeds .................................... ~ ...................60 Factors which Make Deeds Valid. ................................................................................61 Deed of Assignment ........................,..........................................................................66 Formal Parts of Deeds ................................................................................................67 CHAPTER FIVE ...................................................................................77 LEASES .....................................................................................................................77 Nature and Features of Leases .....................................................................................77 Property La« Practice in Nigeria ix Types of Leases ...........................................................................................................78 Leases and Related Transactions ..................................................................................82 Land Use Act and Consent of Governor in Leases and Sub-Leases .................................83 Creation of Leases .........................................................................................................85 Rent in Leases .................................................................................................................86 Preparation of Leases: Relevant Information required by Solicitors. ..............................88 Covenants in Leases .......................................................................................................90 Rent-Review Clause .......................................................................................................93 Option to Renew Leases ..............................................................................................105 Proviso for Forfeiture & Re-Entry ...............................................................................107 Sub-Leases ...................................................................................................................107 Ethical Considerations for Solicitors ............................................................................. Forms and Contents of Sub-lease ................................................................................109 Formal Parts of Lease ..................................................................................................109 CHAPTER SIX ......................................................................................................115 MORTGAGE PRACTICE ....................................................................................115 Meaning and Features of Mortgages and Parties to Mortgage ....................................115 Distinction between Mortgages and Related Transactions ........................................117 Mortgage Institutions in Nigeria ................................................................................118 Role of Solicitors in Mortgage Transactions in Nigeria ...................................................123 Investigation of Title and Writing Search Report ............................................................123 Creation of Mortgages ..............................................................................................125 Documents required for Perfecting Legal Mortgage .......................................................133 Consent of the Governor for Creating Mortgages ..........................................................134 Stamping and Up-Stamping of Mortgage Documents ...................................................137 Covenants in Mortgages ..............................................................................................140 Rights of the Mortgagee against the Mortgagor. ..............................................................142 Rights of the Mortgagor ..............................................................................................150 Redemption, Re-Conveyance & Discharge of Mortgages. .............................................151 Formal Parts of a Mortgage Document .......................................................................151 Ethical Considerations for Solicitors ................................................................................153 CHAPTER SEVEN .............................................................................156 PROPERTYPRACTICE UNDER REGISTRATION OF TITLES SYSTEMS .......................................................156 Nature of System of Registration of Titles ................................................................156 The Registry of Titles ................................................................................................157 Procedure for First Registration ......„........................................................................159 Estate Conferred upon Registration ..........................................................................162 Certificate of Tide .....................................................................................................162 Property Transactions: Use of Forms ........................................................................163 Modification of Forms. .......................................................................................................167 Procedure for Investigating Title ...............................................................................168 Property Law practice in Nigeria χ The Procedure for Registration of Transactions .......................................................168 Differences with Registration of Instruments ...........................................................169 Indefeasibility of Registered Titles ............................................................................170 Registration of Notices, Cautions and Restrictions ....................................................171 Overriding Interests ..................................................................................................174 Rectification of the Register ......................................................................................175 Ethical Considerations for Solicitors .........................................................................176 CHAPTEREIGHT. .............................................................................177 ALIENATION OF PROPERTY: CONTRACTS AND CONVEYANCING PRACTICE .......................................................................177 Laws and Legal Restrictions on Sale of Land ....................................................................178 Stages in Conveyance of Land ...................................................................................180 Pre-Contract Enquiries .............................................................................................181 Types of Contract for Sale of Land ............................................................................183 Advantages of Formal Contract ................................................................................188 Contents of Formal Contract ...................................................................................188 Exchange of Contracts ..............................................................................................196 Effects of Exchange of Contract ..............................................................................198 Communications Subject to Contract ....................................................................199 DeducingTitletoLand ..............................................................................................200 Requisition of Tide ....................................................................................................204 Completion Statement. ..............................................................................................206 Root of Title ..............................................................................................................207 Investigation and Search on Title ...............................................................................209 Application for Consent ...................................................... ; ....................................218 Stamping of Deed ......................................... ............................................................221 Registration ...............................................................................................................222 Taking Instructions on Sale and Conveyance of Land ..................................................224 Ethical Considerations for Solicitors .................................................................................225 CHAPTER NINE ...............................................................................227 WILLS .....................................................................................................................227 Meaning and Nature of Wills .....................................................................................227 Distinction between Wills and Related Transactions .......... ¡ .........-.............................230 Advantages of Making Wills ......................................................................................232 Capacity of a Person to Make Will ......................................................................... :....233 Proving Mental Capacity ............................................................................................236 Delusion Affecting Mental Capacity ..........................................................................238 Undue Influence Affecting Capacity .........................................................................239 Blind Persons: Capacity to Make Wills .......................................................................241 Circumstances that Impinge Capacity ........................................................................241 Requirements for a Valid Will ....................................................................................243 Witnesses as Beneficiaries in Wills .............................................................................246 Property Law Practice in Nigeria xi Proof of Due Execution of Will ...............................................................................247 Wills by Personnel of the Armed Forces ....................................................................250 Codicils .....................................................................................................................251 Types of Legacies ......................................................................................................251 When Gifts may fail ......................................................................................,............253 Restrictions on Testamentary Freedom .....................................................................254 Alterations of Wills ...................................................................................................264 Revocation of Wills ...................................................................................................264 Revival and Republication of Wills ........................................................ ....................267 Taking Instructions and Drafting Will .......................................................................267 Drafting Wills ............................................................................................................269 Custody of Wills ........................................................................................................270 Formal Parts of Wills .................................................................................................271 Ethical Considerations for Solicitors .........................................................................273 CHAPTER TEN ..................................................................................277 APPOINTMENT OF PERSONAL REPRESENTATIVES .........................277 Appointment of Personal Representatives .......................................................................278 Persons who are entitled to Probate on Testate Succession ............................................281 Persons who are entitled to Letters of Administration on Intestate Succession .........282 Number and Qualities of Personal Representatives .........................................................283 Ethical Considerations for Solicitors .................................................................................287 CHAFTERELEVEN ..........................................................................288 APPLICATION FOR GRANT OF PROBATE AND LETTERS OF ADMINISTRATION .................................288 Categories of Grants ............................................................................................................290 Double Probate ....................................................................................................................291 Non-Contentious Cases in Probate and Administration .................................................291 Procedure to obtain Probate and Letters of Administration in Non-Contentious Cases ............................................................................................293 Procedure to obtain Probate and Administration in Contentious Cases .........................................................................................................................296 Discharge of Caveats ................................................................................................301 Procedure to obtain Letters of Administration ................................................................302 Grounds for Refusal to Grant Probate and Letters of Administration ..........................303 Revocation of Grants. .........................................................................................................303 Ethical Considerations for Solicitors .................................................................................304 Forms for Application for Grant of Probate ....................................................................305 Forms for Application for Grant of Letters of Administration .....................................310 CHAPTER TWELVE ..........................................................................315 ADMINISTERING ESTATES ..........................................................................315 Rights of Personal representatives .............................................................................315 Duties of Personal Representatives ...........................................................................318 Property Law Practice in Nigeria xii Liabilities of Personal Representatives ......................................................................321 Remuneration of Personal Representatives ..............................................................323 Withdrawal, Cessation and Renunciation of Representation .........................................327 Keeping and Filing Accounts ....................................................................................328 Winding-Up Estate and Discharge of Personal Representatives. ...................................331 Ethical Considerations for Solicitors .........................................................................331 CHAPTER THIRTEEN .....................................................................332 ASSENT BY PERSONAL REPRESENTATIVES .........................................332 Nature of Assent .......................................................................................................332 Legal Effect of Assent ...............................................................................................334 Formal Parts of Assent ..............................................................................................335 Drafting Assent ........................................................................................................336 Ethical Considerations for Solicitors .........................................................................337 CHAPTER FOURTEEN ...................................................................339 SOLICITORS BILLING AND CHARGES FORPROPERTY TRANSACTIONS ...............................................................339 Principles and Rules on Billing for Solicitors Services. ....................................................340 Legal Practitioners (Remuneration for Legal Documentation and Other Land Matters) Order 1991........................................................................341 Recovery of Solicitors1 Charges .................................................................................343 Ethical Considerations for Solicitors .........................................................................356 CHAPTER FIFTEEN .........................................................................357 TAXATION ON PROPERTY PRACTICE .....................................................357 Taxes: Meaning. ....................................................................................................................357 Taxes Applicable to Property Practice in Nigeria. ............................................................359 Capital Gains Tax Stamp Duties Personal Income Tax Tenement Rates Miscellaneous Charges Liability for Failure to Pay Taxes .................................................................................379 Ethical and Practical Considerations for Solicitors ....................................................380
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