TERMS AND CONDITIONS
TECH REALTY GROUP (TRG)
Applicable within the Federal Republic of Nigeria
Effective Date: 01/03/2026
1. LEGAL FRAMEWORK
All property transactions facilitated by Tech Realty Group (“TRG”) shall comply with:
• Land Use Act 1978
• Applicable State Land Registration Laws
• Tenancy Laws of the relevant State
• Stamp Duties Act
• Capital Gains Tax Act
• Personal Income Tax Act / Companies Income Tax Act (where applicable)
• Any other applicable Nigerian legislation
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2. LANDED PROPERTY SALES (BUYING)
2.1 Title & Ownership
Under the Land Use Act 1978, all land in Nigeria is vested in the Governor of each State.
• Buyers acknowledge that ownership is subject to:
o Certificate of Occupancy (C of O)
o Governor’s Consent (for transfer of title)
o Deed of Assignment
o Registered Survey Plan
o Excision or Gazette (where applicable)
TRG shall assist with document verification but does not guarantee title authenticity unless engaged formally for due diligence services.
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2.2 Due Diligence
Buyers are strongly advised to conduct:
• Land registry search
• Survey plan verification
• Court litigation search
• Physical site inspection
TRG shall not be liable for failure of the Buyer to conduct independent verification.
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2.3 Payment Terms
• Initial deposit is required to secure property.
• Full payment must be made within agreed timeframe.
• All payments must be made to authorized TRG or Seller-designated accounts only.
• Statutory fees (Governor’s Consent, registration, stamp duty, etc.) are borne by the Buyer unless otherwise agreed.
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2.4 Transfer of Title
Transfer is deemed complete only after:
• Execution of Deed of Assignment
• Payment of stamp duties
• Registration at the State Land Registry
• Governor’s Consent (where required)
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3. LANDED PROPERTY SALES (SELLING)
3.1 Disclosure Obligation
Sellers must disclose:
• Existing encumbrances
• Mortgages or liens
• Ongoing disputes
• Government acquisition status
Failure to disclose material facts may result in termination and legal action.
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3.2 Commission
• TRG commission rate shall be stated in the Listing Agreement.
• Commission becomes payable upon successful sale.
• Commission remains due if property is sold to a Buyer introduced by TRG within the listing period.
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3.3 Capital Gains Tax
Sellers are responsible for applicable Capital Gains Tax (CGT) under Nigerian tax laws.
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4. RESIDENTIAL RENTALS (HOUSES & APARTMENTS)
4.1 Tenancy Agreement
All rentals shall be governed by a written Tenancy Agreement compliant with the Tenancy Law of the applicable State.
The agreement shall state:
• Rent amount
• Duration (e.g., 1 year)
• Renewal terms
• Notice period
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4.2 Rent Advance
Where applicable under State law:
• Rent shall not exceed the legally permitted advance period (e.g., Lagos discourages excessive multi-year rent demands).
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4.3 Security Deposit
• Tenants must pay a refundable caution fee.
• Deductions may apply for:
o Property damage
o Unpaid utility bills
o Breach of lease terms
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4.4 Tenant Obligations
Tenants shall:
• Use property for lawful residential purposes only
• Avoid subletting without written consent
• Maintain property in good condition
• Pay rent promptly
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4.5 Landlord Obligations
Landlords shall:
• Ensure property is fit for habitation
• Provide peaceful enjoyment
• Handle structural repairs
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5. HOTEL & SHORT-LET APARTMENTS
5.1 Booking & Payment
• Full or partial payment is required before check-in.
• Valid ID may be required.
• Cancellation policy shall be clearly stated at booking.
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5.2 Damage & Conduct
Guests are liable for:
• Property damage
• Theft
• Illegal activities on premises
TRG reserves the right to terminate stay without refund for misconduct.
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6. PROPERTY MANAGEMENT SERVICES
Where TRG is appointed as Property Manager:
• Rent collection services
• Maintenance coordination
• Tenant screening
• Reporting to landlord
Management fees shall be outlined in a separate agreement.
TRG is not liable for tenant default unless expressly stated.
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7. DEFAULT & TERMINATION
In cases of:
• Rent default
• Breach of sale agreement
• Misrepresentation
TRG reserves the right to terminate services and pursue legal remedies.
Eviction procedures shall follow due process under the applicable State Tenancy Law (including statutory notice requirements).
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8. LIMITATION OF LIABILITY
TRG shall not be liable for:
• Government land revocation under the Land Use Act
• Market fluctuations
• Acts of force majeure
• Fraudulent documentation supplied by third parties
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9. DISPUTE RESOLUTION
Parties agree to:
1. Attempt amicable settlement
2. If unresolved, refer to mediation or arbitration
3. If still unresolved, submit to a competent Nigerian court within the State of transaction
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10. ANTI-FRAUD POLICY
• All payments must be verified.
• TRG shall not be responsible for payments made to unauthorized individuals.
• Clients must confirm bank details directly with TRG official channels.
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11. DATA PROTECTION
TRG shall comply with:
• Nigeria Data Protection Act (NDPA 2023)
All personal information shall be handled confidentially.
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12. ACCEPTANCE
Engaging in any transaction with Tech Realty Group constitutes acceptance of these Terms and Conditions under Nigerian law.