ALLOTTEES IN GOVT HOUSING ESTATE MUST REGISTER PROPERTY

The Lagos State government has come up with clear terms that allottees in all government housing estates must obtain their title deeds and register such with the Lands Registry to be legal and valid .
This was the decision of government during a stakeholders meeting with allottees in government housing estates on registration and perfection of grant of Sub- lease.
Senior Special Assistant to the Governor on Land Matters, Mr Aina Salami, said government had discovered that over the years, many allottees of housing units built by government housing agencies only had letters of which were given to them at time of sale of the houses.
According to him, some of them had even sold their property without obtaining requisite Governor's Consent to such transactions, stressing that the state government decided to step in and do something about this irregular situation.
Salami said government decided to step in to make house owners aware of the legal requirement under the state law to obtain title document after purchase of property and to register such with the Lands Registery.

While stressing further the importance of such exercise, he said " By registering your property,you can get a mortgage from a bank to buy another property, you can also get a security of title and you are also able to guide against the fraudulent practices of criminals and you are also able to have a seamless transfer of your property to third party as you desire''.