This document provides information on types of land documentation and commonly used real estate terms and their meanings. It discusses land documents like survey plans, excisions, gazettes, deeds of assignment, certificates of occupancy, and governor's consent. It also defines different types of lands including dry land, wet land, swampy land, and water-logged land. Finally, it discusses the optimal timing and season for land investment and the economic benefits of investing in real estate.

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LANDS, DOCUMENTATION & INVESTMENT
DECISION IN REAL ESTATE
REAL ESTATE
COMMONLY USED
TERMS & MEANINGS

3. TYPES LAND DOCUMENTATION
Land Documents: Formal piece of writing that provides information or acts as a record of
events; they include:
Survey Plan
Excision
Gazette
Deed of Assignment OR Registered Conveyance
Certificate of Occupancy (C of O)
Governor’s Consent

4. SURVEY PLAN
Gives an accurate measurement and description of a land boundary
A survey plan must contain the following information:
The name of the owner of the land surveyed
The Address or description of the land surveyed
The size of the land surveyed
The drawn out portion of the land survey and mapped out on the survey plan document
The beacon numbers
The surveyor who drew up the survey plan and the date it was drawn up
A stamp showing the land is either free from Government acquisition or not

5. EXCISION
Excision
A portion of land, legally free from govt. acquisition & documented in a state/federal
govt. gazette to indigenous settlers (Villagers)
Thus, C of O could be easily processed on such property.

6. GAZETTE
A govt. official record book of locations or areas acquired by govt., or released to
communities or a families
FUNCTIONS OF A GAZETTE
It shows the communities or villages that have been granted excision
It determines the area of a land i.e. the number of acres or hectares of land excised
It gives the coordinates e.g. the Beacon Numbers
Can replace a Certificate of Occupancy (C of O) to grant title to theVillagers.

7. DEED OF ASSIGNMENT
Deed Of Assignment
A legal document that transfers a land/property title, right of interest to someone else.
A deed must to be recorded in the land registry to show a legal proof of transfer.
 Deed of Assignment comes with a Governor Consent OR Registered Conveyance

8. CERTIFICATE OF OCCUPANCY (C OF O
Certificate of Occupancy (C of O)
A certificate which officially leases all State’s land to applicant for 99yrs
An officially recognized Document for demonstrating Right to a Land/Property.
Given, ONCE ONLY, to the first person on aVirgin Land devoid of govt. acquisition.
Can be used as a collateral to finance another project.
Prevents a situation where a single property is claimed by multiple owners

9. GOVERNOR’S CONSENT
 A legal document that subsequent land/property buyers
MUST obtain before transaction.
 Servers as a legal document to directly transfer a
land/property title, right or interest to another without going
to the “Omoniles or Family Baale” to sign your deed and Form
1c.

10. LAND TYPES

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 UNEP defines dry-lands as tropical and temperate areas with an aridity index of less
than 0.65 (A numerical indicator of the degree of dryness of the climate at a given location.)
 Its completely sandy
 Drylands are zones where precipitation is balanced by evaporation from surfaces and
transpiration by plants i.e.
Precipitation = Evaporation +Transpiration (evapotranspiration)
 Characterize by scarcity of stagnant water.
 Absorb rain water effortlessly
DRY LAND

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 Transitional zone between land & water
 Water (Usually Shallow) may be either stagnant or running
 Serves as habitat to wildlife
 Lands with sparsely low amount of stagnant water
 Capable of draining swiftly devoid of human effort.
 Less expensive vis-à-vis dryland
 It takes the characteristics of a distinct ecosystem
WET LAND

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 Known also as a forested wetland.
 Land inundated with shallow water body
 Occur along large rivers & used 4 conservations
 Depends critically on natural water level fluctuations
 Potentially viable for reclamation or sand filling
 Needs a solid RAFT Foundation to sustain a building
 Swamps have no real effect on well constructed building
 Have a “low property” valuation vis-à-vis dry-land
 Require reclamation to increase land area for more infrastructure
SWAMPY LAND

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 Lands with prolonged flooding – Some Permanent
 Undrained built-up of underground-water in a soil.
 Requires dredging for human use.
WATER-LOGGED LAND

15. TIMING & SEASON FOR LAND
INVESTMENT

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WHY YOU SHOULD BUY LAND DURING THE
RAINING SEASON
 To capture a true reflection of the terrain e.g. quality of gutters
 Rain will reveal any drainage issues on the land
 It’s an opportunity to bargain
 Decipher which side of the land gets the worst of the weather (Rain)
 You can check how surrounding infrastructure handles the bad weather
 It guides you financially
 Ascertain the proposed foundation type to set-up

17. ECONOMIC BENEFITS OF INVESTING IN REAL ESTATE
It expand your capital base
Real estate has a predictable cash flow (Financial leverage)
Used as loan collateral (entrepreneur’s biggest obstacles)
Provide huge investment returns (appreciates in value)
Low risk investment vis-à-vis stock market crashes
Real estate coincides with retirement

18. Phase 1
Vino Estado
Phase 2
Phase 3
Phase 4
Phase 5
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19. http://www.mobusproperty.com/buy-home-rainy-season-part-1 &2/
http://home.howstuffworks.com/real-estate/buying-home/10-things-to-know-before-
buying-a-vacant-lot2.htm
https://en.wikipedia.org/wiki/Swamp
https://customs.org.ng
https://www.rhs.org.uk/advice/profile?PID=235
http://www.yourarticlelibrary.com/water/waterlogging/waterlogging-definition-causes-
effects-with-statistics/61000/
Dukan George Limited
REFERENCE