The Mobile Home Purchase Agreement serves as a crucial legal instrument in Nigerian property transactions, specifically designed for the sale and purchase of mobile homes. This document becomes necessary when parties wish to execute a legally binding transaction for a mobile home, whether new or pre-owned, within Nigerian jurisdiction. It encompasses essential elements required under Nigerian law, including compliance with the Land Use Act, consumer protection regulations, and property transfer requirements. The agreement addresses unique aspects of mobile home transactions, such as delivery logistics, installation specifications, and site requirements, while ensuring alignment with local building codes and environmental regulations. It provides comprehensive protection for both parties by clearly defining their rights, obligations, and remedies under Nigerian law, making it an essential tool for structured mobile home transactions in the Nigerian market.
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1. Parties: Identification of the seller and buyer with full legal names and addresses
2. Background: Context of the agreement and brief description of the transaction
3. Definitions: Definitions of key terms used throughout the agreement
4. Sale and Purchase: Core terms of the sale including purchase price and payment terms
5. Description of Mobile Home: Detailed description of the mobile home including make, model, year, serial number, and current condition
6. Title and Ownership: Confirmation of seller's ownership and transfer of title to buyer
7. Delivery and Installation: Terms regarding delivery, setup, and installation of the mobile home
8. Land Rights and Location: Details about where the mobile home will be located and associated land use rights
9. Warranties and Representations: Warranties provided by the seller and representations made by both parties
10. Inspection and Acceptance: Buyer's rights to inspect the mobile home and conditions for acceptance
11. Payment Terms: Detailed payment schedule, deposit requirements, and payment methods
12. Risk and Insurance: Transfer of risk and insurance requirements
13. Default and Remedies: Consequences of default by either party and available remedies
14. Governing Law: Specification of Nigerian law as governing law and jurisdiction
15. Execution: Signature blocks and execution requirements
1. Financing Contingency: To be included when purchase is contingent on buyer obtaining financing
2. Land Lease: Include when the mobile home will be placed on leased land
3. Trade-In Terms: When buyer is trading in an existing mobile home as part of the purchase
4. Environmental Compliance: Additional environmental requirements for specific locations or circumstances
5. Utilities and Connections: Specific terms regarding utility connections and responsibilities
6. Maintenance Agreement: Optional ongoing maintenance terms if offered by seller
7. Third-Party Services: Terms relating to third-party contractors for installation or site preparation
1. Schedule A - Mobile Home Specifications: Detailed technical specifications of the mobile home
2. Schedule B - Inventory List: List of included furnishings, appliances, and fixtures
3. Schedule C - Site Requirements: Technical requirements for the installation site
4. Schedule D - Installation Specifications: Detailed requirements for proper installation
5. Schedule E - Warranty Documentation: Manufacturer's warranty and any additional warranty terms
6. Schedule F - Payment Schedule: Detailed breakdown of payment terms and installments if applicable
7. Appendix 1 - Photographs: Current photographs of the mobile home's interior and exterior
8. Appendix 2 - Inspection Report: Pre-purchase inspection report and findings
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