Property ownership remains one of the most significant indicators of wealth, status, and socio-economic stability in Nigeria. Beyond its physical value, land embodies identity, lineage, investment security, and economic power. As families expand, commercial ventures grow, and investment interests diversify, ownership structures have increasingly moved beyond sole proprietorship. This evolution has given rise to joint ownership, a legal arrangement in which two or more persons hold concurrent rights and interests in the same property.
The article examines joint ownership under Nigerian property law, outlining its recognised forms and the legal frameworks governing co-ownership. It analyses the implications of joint ownership in property transactions, inheritance, and dispute resolution, while highlighting the risks of poorly structured arrangements and offering practical guidance for effective property management.
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Joint Ownership And Legal Implications in Property Transactions in Nigeria
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