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Purchase Receipt

Title Documents in Nigeria
By Charles | Wednesday 3rd of February 2021 (GMT)
Purchase Receipt

The Receipt of Purchase of Real Property is a document that acknowledges that a person has received payment for land or building. Following the sale of real property, the purchaser makes either part payment or full payment to the owner of the property or the manager of the property (the vendor), and the vendor delivers this receipt of purchase to the purchase.

Land Certificate

This is a document of title as to the ownership of a piece or large piece of land. Prior to the promulgation of the land Use Act of 1978 , it was issued by a government’s registry for registered freehold or leasehold lands in Nigeria. Land certificate was usually issued to owners of landed properties when the property conveyancing law of 1959 was still in effect.

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