Augusta
VIP Contributor
After purchasing a property it is always of essence to register such with the right authority or office. Like in my country Nigeria you would need to register it with the corporate affairs commission. You need to do this to avoid a lot of unforseen risks in the future.
So what are the risks you might encountered if you don't have your property registered.
First risk is that you have no documents to show ownership of the named property. So people would not believe you are the owner.
Land grabbers can take possession of your land if you can't present a legal document on the property
in a case of litigation, the person that registered the land might have a upper hand even if you are the real owner.
You might lose buyers for the property in future as no one would want to buy a property that has no legal document.
What do you think?
So what are the risks you might encountered if you don't have your property registered.
First risk is that you have no documents to show ownership of the named property. So people would not believe you are the owner.
Land grabbers can take possession of your land if you can't present a legal document on the property
in a case of litigation, the person that registered the land might have a upper hand even if you are the real owner.
You might lose buyers for the property in future as no one would want to buy a property that has no legal document.
What do you think?