For companies operating in Nigeria, property ownership and management are key components of business operations. Whether it’s acquiring land for development, managing office spaces, or securing assets, understanding the legal processes of title registration and freehold property management is crucial. We ensure compliance with Nigerian property laws and protects your company’s investments.
What is Title Registration for Companies?
Title registration for companies involves legally documenting ownership of a property under the company’s name. This process is similar to that for individuals but may involve additional steps, such as board resolutions and corporate documentation. A registered title provides legal proof of ownership and is essential for securing loans, leasing, or selling the property.
Why is Title Registration Important for Companies?
Asset Protection: A registered title safeguards the company’s property from disputes or fraudulent claims.
Corporate Compliance: Ensures adherence to Nigerian property laws and regulations.
Financial Leverage: Registered titles can be used as collateral for business loans or financing.
Business Expansion: Simplifies the process of acquiring and managing multiple properties.
Steps to Register a Title for Companies in Nigeria
Board Resolution: Obtain a resolution from the company’s board authorizing the property acquisition.
Conduct a Search: Verify the property’s status at the Land Registry to ensure it is free from disputes.
Engage a Surveyor: Prepare a survey plan of the property.
Prepare Corporate Documents: This includes the deed of assignment, governor’s consent, tax clearance certificates, and company incorporation documents.
Financial Leverage: Registered titles can be used as collateral for business loans or financing.
Business Expansion: Simplifies the process of acquiring and managing multiple properties.
Steps to Register a Title for Companies in Nigeria
Board Resolution: Obtain a resolution from the company’s board authorizing the property acquisition.
Conduct a Search: Verify the property’s status at the Land Registry to ensure it is free from disputes.
Engage a Surveyor: Prepare a survey plan of the property.
Prepare Corporate Documents: This includes the deed of assignment, governor’s consent, tax clearance certificates, and company incorporation documents.
Submit to the Land Registry: File the documents with the appropriate Land Registry and pay the required fees.
Receive Certificate of Occupancy (C of O): Once approved, the government issues a C of O, confirming the company’s ownership.
Freehold Property Management for Companies
Freehold property management for companies involves overseeing properties owned outright by the business. This includes:
Property Maintenance: Ensuring the property is in optimal condition for business operations.
Tax Compliance: Timely payment of property taxes and ground rents.
Legal and Regulatory Adherence: Complying with zoning laws, building codes, and environmental regulations.
Lease Management: Managing leases for tenants, if applicable, and ensuring rental income is maximized.
Why Choose Our Professional Property Management Services?
For companies, managing properties can be time-consuming and complex. Our Professional services offer:
Expertise: Knowledge of Nigerian property laws and regulations.
Efficiency: Streamlined processes for registration, compliance, and management.
Risk Mitigation: Reducing the risk of legal disputes or financial losses.
Focus on Core Business: Allowing your company to concentrate on its primary operations while we handle property matters.
Securing a clear title and effective management of freehold property are key to asset stability. Our firm manages the registration of titles with Nigeria’s Land Registry and provides ongoing legal oversight for property management. We help companies avoid disputes, maintain legal clarity, and uphold their rights as property owners.
