CONDUCTING PROPERTY DUE DILIGENCE IN LAGOS STATE: WHAT YOU MUST KNOW!

Sometimes, people go into business transactions without understanding both the market and the underlying issues which should be considered before proceeding with such transactions. Sadly, such ignorant or negligent steps always attract tears and disappointments, and even worse than any other thing are the strained relationship between business partners and loss of investments.  The Nigerian real estate market, particularly Lagos State, is full of complexities. Anyone who intends to invest in it must take all necessary precautions to navigate through those complexities in order not to cry foul when the chips are down. In achieving this, the first step to take is to engage a real estate lawyer who has a good understanding of the industry to conduct proper due diligence on the relevant property. In this write up, we have highlighted what conducting due diligence entails for specific real estate transactions and why each of these steps should, as a matter of caution, be taken accordingly. The full article can be accessed here.