Deed of Assignment

This registerable instrument is prepared when there is a transfer of title between parties over land that holds a Certificate of Occupancy. The Assignor transfers their unexpired interest in a property to an Assignee via the Governor’s consent as delegated to the Hon. Commissioner for Lands & Water Resources via Section 22 of the Land Use Act.
Requirements for application for consent/registration of Deed of Assignment with Consideration:

• Executed Deed of Assignment
• Survey Plan (optional: needed only if part of the Land is excised)
• Passport photographs of Assignor & Assignee
• Stamp Duty (3% of Consideration)
• Stamp duty sealing fees: ₦1000
• Payment of Accrued Ground Rent
• Deeds Approval Fee: 5% of Assessed Value
• Non refundable application fee: ₦10,000
• Late Registration Fee: ₦10,000 (applicable one year after execution date of Deed of Assignment)
• Certificate of Incorporation (for companies only)
• Inspection/Assessment to obtain Approval-in-principle

Requirements for application for consent/registration of Deed of Assignment without Consideration ( Between Related parties):

• Executed of Deed of Assignment
• Survey Plan (optional: needed only if part of the Land is excised)
• Passport photographs of Assignor & Assignee
• Stamp Duty (as regulated by IRS)
• Stamp duty sealing fees: ₦1000
• Payment of Accrued Ground Rent
• Deeds Approval Fee: ₦30,000
• Non refundable application fee: ₦10,000
• Late Registration Fee: ₦10,000 (applicable one year after execution date of Deed of Assignment)
• Certificate of Incorporation (for companies)
• Inspection/Assessment to obtain Approval-in-principle