Major differences between C of O, Global C of O and Government allocated C of O.
People often misplaced and misrepresented the difference between C of O, Global C of O, and Government Allocated C of O.
It’s thereby expected of you to fully have understanding about this land document of titles before embarking into real estate investment.
To invest in real estate you must be able to differentiate between these three C of O.
The three C of O are: C of O itself, Global C of O and Government allocated C of O
What is C of O
C of O simply mean, Certificate of Occupancy. This is the certificate given to you that shows you are the rightful owner of a property.
Related: What is C of O and everything you need to know about C of O and properties with C of O in Lagos
What is Global C of O?
Global C of O simply mean a large parcel of land that is being granted one C of O. it means the C of O in questions covers a very large expanse of land.
Global C of O is mostly issued by Government for cover up a large portion of land that is being allocated to a real estate developer.
See the illustration below for easier understanding.
For example, a reputable real estate company in Lagos such as Tribitat real estate or Gracias Global Limited owns a large portion of land such as Pearl Residences and Gracias Morganize respectively from the Government.
So instead of the Government to issues out a C of O document for each plot of land, they will issues out one C of O that will cover the whole parcel of land. So the term global C of O is being used.
For more details about global C of O, send us a WhatsApp message
What is Government Allocated C of O?
Government allocated C of O is when the state Government allocate large parcel of land to a real estate developer and give them the permission to start selling those land for people across the globe
Related: Understanding Government Allocated C of O in Lagos and properties with Government Allocated C of O
Government allocated C of O simply mean a parcel of land allocated to a subscribers or real estate company by the state Government.
So, now you have understand the major difference between those three C of O land document. You should now be careful on which property to invest on.
If you looking for a property with C of O or Government allocated C of O, then send us a WhatsApp message.
Concerning Major differences between C of O, Global C of O and Government allocated C of O. If you have any questions and further details, Call/WhatsApp 09015094850 or click on the WhatsApp button on your screen.