LASG urges homeowners to get title documents

The Lagos Bid Authorities has known as on allottees of its housing estates who purchased dwelling objects on or ahead of 2019 to utilize for their Deed of Sub-Hire, if they've yet to bear out so.

This enchantment was made by the Permanent Secretary, Ministry of Housing, Engr. Abdulhafis Toriola, within the course of the monthly stakeholders’ meeting and public enlightenment session held on the Ayangburen Jubilee Housing Estate, Ikorodu.

Represented by the Director of the Estate Department, ESV (Mrs.) Olukemi Fosudo, Toriola explained that the Deed of Sub-Hire is an needed title doc issued by the Bid Authorities to householders in govt-owned estates. He emphasized that the deed serves as proof of possession and is generous for utilize in industrial transactions, along side securing mortgages and the usage of the property as collateral.

He additionally clarified the incompatibility between the Deed of Sub-Hire and the Letter of Affirmation. In step with him, the Letter of Affirmation is issued solely after allottees procure agreed to the phrases and conditions outlined within the Bid Authorities’s Letter of Provide and procure done payment.

Toriola suggested allottees who're yet to receive either the Letter of Affirmation or the Deed of Sub-Hire—or who procure no longer done their payment tasks—to consult with the Department of Estate on the Ministry of Housing in Alausa for verification of their allocation draw.

The Permanent Secretary additional suggested residents to steal possession of the estates, obey existing rules and regulations, and dwell in concord to boost the imaginative and prescient of the Lagos Bid Authorities for moderately priced and sustainable housing.

He reiterated the Bid’s dedication to making homeownership accessible to extra voters by clear and efficient processes.