Most persons are confused at to how landed properties acquired before and during marriage are administered. This article is an answer to this confusion.
Most persons are confused at to how landed properties acquired before and during marriage are administered. This article is an answer to this confusion.
Most persons are confused at to how landed properties acquired before and during marriage are administered. This article is an answer to this confusion.
PRE-NUPTIAL MARRIAGE AGREEMENT ON REAL PROPERTIES.
A pre-nuptial or ante-nuptial marriage agreement is a written contracted executed
between intending marriage couple. These agreements are usually discussed, prepared and signed prior to marriage. It may cover a whole lot of diverse subjects as it spells out each parties’ property rights during the marriage and in the event that parties later get divorced. When this agreement is made in relation to real property of the parties, it becomes a real property pre-nuptial agreement. Pre-nuptial agreement on real properties has not gained the much popularity in Nigeria as it is in some other African countries such as South Africa. South Africa has a law governing the various matrimonial property systems. Despite its unpopular nature and lack of sufficient legislative instrument in Nigeria, the validity of pre-nuptial contracts is sacrosanct. Like every other contract, a pre-nuptial agreement duly executed by intending spouses in Nigeria prior to completion of marriage is valid and legally enforceable provided there are no vitiating elements. More so, The Matrimonial Causes Act of Nigeria sparsely provides the basis for the validity of pre-nuptial agreements in Nigeria. Section 72(2) of the Matrimonial Causes Act provides as follows: “The court may, in the proceedings under this Act, make such order as the court considers just and equitable with respect to the application for the benefit of all or any parties to, and the children of, the marriage of the whole or part of property dealt with by ante-nuptial or post-nuptial settlements on the parties to the marriage, or either of them”. There is no laid down procedure, guidance or form with respect to the terms of a pre- nuptial agreement on real property, however, any form is generally valid provided the general terms of a contract are complied with. Some times a party who is suspicious or skeptical of the true intention of the other party towards the marriage union might want to protect their property interests before saying ‘I do’. For instance, a well-established man or woman with lots of landed properties may enter into this kind of agreement to protect the interest of their property in future especially if they are unsettled, doubtful or confused about the true intention of their partner. The most common instance of a pre-nuptial agreement is where a widow or widower or one who separates from a spouse is seeking to protect the property interests of children from previous marriage. As good as this may appear, it may also bring some bitter pills to the marriage if not carefully and properly explained or handled. The proposition of pre-nuptial real property agreement may cause an unintended discomfort or hurt the feelings of the other party especially when such party has true and innocent intention towards the marriage union. Finally, a pre-nuptial real property agreement is a registrable instrument and should be registered in the Deed Registry.
Living Sokarite Davies is a Property Advisor who writes from Port Harcourt/Lekki, Lagos.