This is a real estate legislation that regulates land transactions in the South Western States in Nigeria. There are important features of this law that every real estate investor must be aware of. The first thing to note is that one cannot enforce a sale of land transaction unless there is a note or written memorandum containing the terms of sale, and which is duly signed by the person to be charged.
Secondly, unless it is made by Deed, every conveyance of land/interest in land for the purpose of creating any legal estate will be void. Thirdly, where a person executes a Deed, there is a duty bestowed on him to sign it, or place his mark on it, as sealing it alone is insufficient. Let this knowledge guide you in your real estate transactions.
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