Section 74 Land Registration Law (LRL) Lagos State 2015

Section 74 of the Land Registration Law (LRL) of Lagos State 2015 provides as follows:

(1) Dealings in any land, sub-lease or mortgage shall be effected by deed and such deeds shall be presented for registration in duplicate copies consisting of the original and a true copy.

(2) The Registrar shall require the original and a true copy of any document for registration to be delivered and on completion of the registration, the original shall be returned to the person who submitted it.

(3) A document for which no form is provided shall be in such manner as the Registrar may approve.

(4) The Registrar may allow land included in any number of titles or any number of registered mortgage to be dealt with by the same document.

(5) Every document shall, contain a true statement of the purchase price, loan or other consideration; and shall state how much, if any, of the purchase price, loan or other consideration has been paid or received.

(6) Where monetary consideration is stated in any document, the amount shall be stated in both words and figures.

(7) The form of document to be retained by the Registrar shall be exempted from the payment of stamp duty under the Stamp Duties Law and if the Registrar is satisfied that stamp duty has been paid on every other document, the provisions of the Stamp Duties Law shall be construed accordingly.

(8) Any person who wilfully makes or causes to be made any false statement in any of the particulars of any document for insertion in any register under this Law commits an offence and is liable on conviction to a fine of one hundred thousand naira (N100,000.00) or imprisonment for a term of two (2) years or any other non-custodial punishment.

(9) Any person who wilfully destroys, damages, or causes to be destroyed or damaged, any book, register, filed document or any part of it, or counterfeit or cause to be counterfeited any part of any such book, register or document or any certified copy of it, or extract from it, or shall wilfully insert or cause to be inserted in any such book, register, files, certified copy or extract any false entry, or shall certify any writing to be a copy or extract of any such book, register or file, knowing it or any part of it to be false, or forge or counterfeit the seal of any registry office commits an offence and is liable on conviction to a fine of two hundred and fifty thousand naira (N250,000.00) or imprisonment for a term of seven (7) years or any other non-custodial punishment.

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