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The journey of buying a property is incomplete without property registration; you need all the necessary documents before the property can lawfully be yours. While there is a contract between you and the seller, a change of ownership only occurs after the property is legally registered under your name in the government's data.
The Lagos state current commissioner of housing,Hon.Moruf Akinderu-Fatai has made it known to the general public and people of Lagos state about the intention of the Lagos state government to ease home ownership for its people. [4] [5]
This picture of "complete ownership" is, of course, complicated by the obligation in most places to pay a property tax and by the fact that if the land is mortgaged, there will be a claim on it in the form of a lien. In modern societies, this is the most common form of land ownership.
The controversy at issue in the case arose in 1913, when the colonial government of Nigeria appropriated land in Apapa, pursuant to the Public Land (Acquisition) Ordinance 1903, in order to give it to European merchants. [1] [2] The land was occupied by the Oluwa chiefly family of Lagos, under the leadership of Amodu Tijani. [2]
Some of the 1004 estate high rise buildings shown in the background. 1004 Housing Estate is an 11-hectare housing estate in Victoria Island, Lagos. [1] Originally named Federal Housing Estate, Lagos and designed by Isaac Fola-Alade, it was constructed in the 1970s as the biggest of its type at the time. [2]
A house number plaque marking state property in Riga, Latvia. State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. [1]
Investment in property development and facility management services. Afriland Properties Plc – Property management development company working across the real estate value chain. Transcorp Hotels Plc – Nigerian based hospitality firm and owner of the iconic Transcorp Hilton Hotel, Abuja.
Ownership is the basis for many other concepts that form the foundations of ancient and modern societies such as money, trade, debt, bankruptcy, the criminality of theft, and private vs. public property. Ownership is the key building block in the development of the capitalist socio-economic system. [1]