23 Apr How To Reduce Risks On Family/Community Land In Lagos
When you buy a property outside an estate in Lagos, let’s say family or community land, these are ways to protect and secure your land
Nowadays, the fear of thugs (Omonile) in Lagos is the fear of wisdom because several investors have had nasty experiences from family and community lands
Apart from the worst case scenario of losing your land to hijackers and land grabbers, encumbrances, trespassing and dispute are also other ugly events
Nonetheless, when you buy plots or acres of family land in Lagos, Ogun or environs, there are quick steps you can take to secure your protect and reduce the risk on losing your investment
Although, I discussed around 4 of them in this video, let me share one of the tips to reduce risks on family or community lands
Split Payment: you must be strategic with your payment, family or community lands are known for disputes, frankly, most of these disputes are solvable, as long as you discover it early
Therefore, you want to pay part and go to the site to work, at that stage other parties will appear and you can start to negotiate/mediate
As long as you’re buying a vacant land outside an estate in Lagos, you must protect and secure it, else it will end up with super stories
Watch the video for more tips.
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