{"id":50511,"date":"2022-10-28T15:23:27","date_gmt":"2022-10-28T15:23:27","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/?p=50511"},"modified":"2022-10-28T16:27:19","modified_gmt":"2022-10-28T16:27:19","slug":"the-real-estate-law-for-buyers-and-sellers","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/the-real-estate-law-for-buyers-and-sellers\/","title":{"rendered":"The real estate law for buyers and sellers"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"50547\" data-permalink=\"https:\/\/amazingproperty.com.ng\/blog\/the-real-estate-law-for-buyers-and-sellers\/the-real-estate-law\/\" data-orig-file=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/08\/The-real-estate-law.jpg?fit=1024%2C549&amp;ssl=1\" data-orig-size=\"1024,549\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The real estate law\" data-image-description=\"&lt;p&gt;The real estate law&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The real estate law&lt;\/p&gt;\n\" data-large-file=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/08\/The-real-estate-law.jpg?fit=1024%2C549&amp;ssl=1\" class=\"size-full wp-image-50547\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/08\/The-real-estate-law.jpg?resize=1024%2C549&#038;ssl=1\" alt=\"The real estate law\" width=\"1024\" height=\"549\" srcset=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/08\/The-real-estate-law.jpg?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/08\/The-real-estate-law.jpg?resize=300%2C161&amp;ssl=1 300w, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/08\/The-real-estate-law.jpg?resize=768%2C412&amp;ssl=1 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<h2>Have you leased a property for a particular purpose and later found out it was used for another purpose? The real estate law will protect you.<\/h2>\n<p><a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Real estate<\/a> law is promulgated to ensure that buyers and sellers of real estate properties are fully protected from fraud and other violation from external factors.<\/p>\n<p>For <a href=\"https:\/\/amazingproperty.com.ng\/blog\/real-estate-buyer-lead-generation-for-sellers\/\">real estate buyers<\/a>, <strong>the real estate law<\/strong> will ensure that should they find faults from the contract they signed with the buyer, they can bring their case in court to make sure the seller will follow what the contracted states.<\/p>\n<p>For real estate sellers, the real estate law will ensure that should the buyer remiss on their payments, or obligations mentioned in the contract, the seller can prosecute to enforce the signed contract.<\/p>\n<p>Various other restrictions in the use of real estate properties are also mentioned in the real estate law.<\/p>\n<p>There may be myriad of restrictions being enforced by the federal bureau, the state government, country government or local government, however, basic restrictions with respect to real estate property use are:<\/p>\n<ul>\n<li>Zoning<\/li>\n<li>Environmental hazards<\/li>\n<li>Public easement and right of way<\/li>\n<\/ul>\n<p>Zoning entails restriction on the use of the property.\u00a0 If it is contracted as for residential use, <strong>the real estate law<\/strong> will ensure that the property will be used as residential real estate property.<\/p>\n<p>If the contact mentions that the property will be used for industrial, agricultural or commercial use, the real estate law will enforce what the use of the property is mentioned in the contract.<\/p>\n<p>Zoning includes restrictions on size and height of improvements as well; following these restrictions will avoid prosecution or worse, bring down your house to the height and size necessary.<\/p>\n<p>Environmental hazards.\u00a0 <strong>The real estate law<\/strong> will ensure that no properties will keep within its walls environmentally hazardous materials.\u00a0 These restrictions include <a href=\"https:\/\/amazingproperty.com.ng\/blog\/asbestos-mesothelioma-and-how-to-protect-yourself\/\">asbestos<\/a>, <a href=\"https:\/\/amazingproperty.com.ng\/blog\/real-estate-lead-strategies-2\/\">lead<\/a> pain, petrochemicals, radon, and toxic wastes.<\/p>\n<p>The real estate law will give the government the right to remove these hazardous materials should it be proven that these materials are being kept within the property.<\/p>\n<p>Public easement and right of way.\u00a0 <strong>The real estate law<\/strong> mandates that a portion of the real estate property should be open for others to use.\u00a0 Easements and rights of way are used to allow access to other properties, this includes roads and sidewalks.\u00a0 This easement is necessary to enable installation of electric, gas and telephone lines to be installed to other properties or even to your own property.<\/p>\n<p>Violation of real estate laws especially those mentioned in may subject violators to fines, penalties, injunctions, and even criminal prosecution.<\/p>\n<p>Thus, to avoid this you may need to ensure that you read the real estate law and follow the recommendations therein.<\/p>\n<p>Your <a href=\"https:\/\/amazingproperty.com.ng\/blog\/find-a-reliable-realtor\/\">real estate agent<\/a> may also be able to explain to you what the law is all about and the necessary provisions that you may need to know to protect yourself.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have you leased a property for a particular purpose and later found out it was used &hellip; <a title=\"The real estate law for buyers and sellers\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/the-real-estate-law-for-buyers-and-sellers\/\"><span class=\"screen-reader-text\">The real estate law for buyers and sellers<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":50547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1339],"tags":[695,4751,964,1403,6770,516,205,617,41,818,84,385,6771,6772,6773,6774,6775,6776,6779,6780,6781,6782,6783,6777,6778,61,6769],"class_list":["post-50511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","tag-agent","tag-amazing","tag-asbestos","tag-buy","tag-environmental-real-estate-law","tag-estate-agen","tag-estate-agent","tag-house","tag-property","tag-real","tag-real-estate","tag-real-estate-agent","tag-real-estate-law-arizona","tag-real-estate-law-attorney","tag-real-estate-law-attorney-near-me","tag-real-estate-law-australia","tag-real-estate-law-california","tag-real-estate-law-canada","tag-real-estate-law-encroachment","tag-real-estate-law-illinois","tag-real-estate-law-in-california","tag-real-estate-law-in-canada","tag-real-estate-law-office-near-me","tag-real-estate-law-usa","tag-real-estate-law-utah","tag-seller","tag-the-real-estate-law"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/08\/The-real-estate-law.jpg?fit=1024%2C549&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":23982,"url":"https:\/\/amazingproperty.com.ng\/blog\/attorney-in-real-estate\/","url_meta":{"origin":50511,"position":0},"title":"Attorney In Real estate","author":"Amazing Property","date":"December 17, 2021","format":false,"excerpt":"There are several good reasons why you should consider hiring an Attorney in real estate to help you with the purchase of a home. 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The new rules were spelled\u2026","rel":"","context":"In &quot;Legal&quot;","block_context":{"text":"Legal","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/legal\/"},"img":{"alt_text":"advertising rules","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/09\/faf9c7768a879b16e0821f4fe3911340-1.jpg?fit=640%2C480&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/09\/faf9c7768a879b16e0821f4fe3911340-1.jpg?fit=640%2C480&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/09\/faf9c7768a879b16e0821f4fe3911340-1.jpg?fit=640%2C480&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7366,"url":"https:\/\/amazingproperty.com.ng\/blog\/real-estate-disclosure-laws-vary-from-state-to-state\/","url_meta":{"origin":50511,"position":2},"title":"Real Estate Disclosure Laws Vary From State To State","author":"Amazing Property","date":"December 5, 2017","format":false,"excerpt":"Question: I believe my house is haunted. 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Mary.\r \r Answer: Dear Mary: For purposes of my response, I will accept your statement that your house\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"65b1e9d66d2f6adcbf34a3d56fe3b544 S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/65b1e9d66d2f6adcbf34a3d56fe3b544_S.jpg?fit=424%2C269&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9737,"url":"https:\/\/amazingproperty.com.ng\/blog\/why-were-regulating-estate-agency-by-lagos-official\/","url_meta":{"origin":50511,"position":3},"title":"Why we\u2019re regulating estate agency, by Lagos official","author":"Amazing Property","date":"December 8, 2019","format":false,"excerpt":"Permanent Secretary, Ministry of Housing, Mr Wasiu Adedamola Akewusola (left); Special Adviser to the Lagos State Governor on Housing, Mrs Toke Benson- Awoyinka, Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, and the Commissioner for Ministry of Housing, Moruf Akinderu-Fatai during a Stakeholders\u2019 Engagement on Real Estate\/Agency Business held in Victoria\u2026","rel":"","context":"In &quot;RealEstate&quot;","block_context":{"text":"RealEstate","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/realestate\/"},"img":{"alt_text":"Lagos.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/12\/Lagos.jpg?fit=1200%2C674&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/12\/Lagos.jpg?fit=1200%2C674&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/12\/Lagos.jpg?fit=1200%2C674&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/12\/Lagos.jpg?fit=1200%2C674&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2019\/12\/Lagos.jpg?fit=1200%2C674&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8538,"url":"https:\/\/amazingproperty.com.ng\/blog\/a-new-time-for-the-real-estate-industry-the-blockchain-and-professional-services\/","url_meta":{"origin":50511,"position":4},"title":"A New Time for the Real Estate Industry: The Blockchain and Professional Services","author":"Amazing Property","date":"April 12, 2018","format":false,"excerpt":"Technology is the ally of the real estate industry, in terms of improving customer service and serving the needs of professionals worldwide. 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