A Governor does this by issuing a Certificate of Occupancy (C of O) to individuals (of not less than 18 years old) and registered bodies (ie, Companies, Corporations and Incorporated Trustees) for a certain term (usually 99 years) for either residential or commercial purposes. An infant or a Business Name cannot buy, own or sale a land in Nigeria. A foreigner has all rights to purchase and own a land in any part of Nigeria.
In the common parlance, an individual or registered body on whom a right of occupancy is vested on is referred to as a “landlord”. Furthermore, a person who owns a house, a store, a warehouse or a park is equally referred to as a “landlord”. In adhering to rules of English language, a feminine landlord is referred to as a “landlady”. In a bid to provide a peaceful and enviable society, Nigeria has through her laws and conventions accorded a lot of rights to landlords although not without some duties. The said rights have prompted massive inflow of many investors into property acquisition and real estate investment in general. Some of the rights of a landlord are: