Land Search
Begin by conducting a land search at the lands registry of the state where the property is located. This search aims to uncover any encumbrances on the land, such as mortgages, liens, or government acquisitions. It also helps verify the registered title of the seller.
Survey and Inspection
Hire a registered surveyor to conduct a detailed survey of the property. This will ensure that the land boundaries are accurate and that there are no encroachments or disputes with neighboring properties. Additionally, physically inspect the property to assess its condition and suitability for your intended use.
Title Verification
Verify the authenticity of the seller’s title documents. This involves examining the title documents, such as the Certificate of Occupancy (C of O), Deed of Assignment, or Governor’s Consent. Verify their genuineness with the lands registry and ensure they are properly registered and free from any irregularities or disputes.
Consent and Approvals
Check if the property has obtained all necessary approvals and permits from relevant government agencies. This includes building plan approvals, environmental impact assessments, and other applicable permits.
Community and Family Investigation
If the property is family-owned, meet with authorized family members to learn about the history of the land. This step is crucial to ensure that there are no family disputes or conflicting claims to the property.
Financial and Tax Obligations
Confirm that the property’s taxes, fees, and levies are paid up to date. This includes property taxes, development levies, and other applicable charges.
Documentation Review
Thoroughly review all documentation related to the property, such as the land purchase agreement, deed of assignment, and any other contracts or agreements. Pay attention to the terms, conditions, and clauses to ensure they align with your expectations.
Professional Opinions
Seek professional opinions from experts. Lawyers can be of service in the assessment of the legal aspects of the property. Other professionals that can help include architects, or engineers to assess the property’s structural and environmental aspects.
Community Investigation
Conduct research on the neighborhood and surrounding area to evaluate factors like security, infrastructure, access to amenities, and potential for future development.