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1. Parties: Identification and details of the Seller and Purchaser, including full legal names, addresses, and registration details if companies
2. Background: Context of the sale, brief property history, and statement of ownership/title
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Description: Detailed description of the property including land area, boundaries, and improvements
5. Purchase Price: Agreed purchase price and payment terms including deposit and balance payment schedule
6. Payment Terms: Detailed payment structure, method of payment, and consequences of default
7. Conditions Precedent: Conditions that must be fulfilled before the sale becomes effective
8. Seller's Warranties: Warranties regarding title, property condition, and authority to sell
9. Transfer of Ownership: Process and timing of transfer of title and possession
10. Registration and Transfer Costs: Allocation of costs related to transfer, registration, and stamp duty
11. Risk and Insurance: Transfer of risk and insurance obligations
12. Default and Remedies: Consequences of breach and available remedies
13. Notices: How formal communications between parties should be made
14. Governing Law: Confirmation of Nigerian law as governing law and jurisdiction
15. Signing: Execution clauses and signature blocks
1. Third Party Rights: Required when there are existing tenants or other parties with rights over the property
2. Environmental Matters: Include when the property has potential environmental issues or requires specific environmental warranties
3. Planning Permissions: Necessary when the property requires specific planning permissions or has development potential
4. Mortgage/Encumbrance Details: Include when the property has existing mortgages or encumbrances that need to be discharged
5. Special Conditions: For any unique requirements specific to the transaction
6. Agent's Commission: Include when a real estate agent is involved in the transaction
7. Foreign Investment Provisions: Required when either party is a foreign entity
8. Service Contracts: Include when there are ongoing service contracts that need to be transferred
1. Property Description Schedule: Detailed technical description of the property including survey plans and land coordinates
2. Title Documents: List and copies of all relevant title documents
3. Payment Schedule: Detailed breakdown of payment installments and timing
4. Inventory: List of fixtures, fittings, and other items included in the sale
5. Land Use Approvals: Copies of relevant land use and zoning approvals
6. Property Tax Certificates: Current property tax assessment and payment status
7. Due Diligence Results: Summary of property searches and due diligence findings
8. Property Plans: Architectural plans, building plans, and site plans
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