Saturday, 17 March 2018
Differences between Right of Occupancy (R of O) and Certificate of Occupancy (C of O)
👉 Right of occupancy (R OF O) is just an offer while a (C OF O) certificate of occupancy is certified right of your ownership of the said land.
👉 R of O is a weaker title to land and vulnerable while C of O is a superior title and secured.
👉 R of O could revoked without compensation while C of O is compensated for.
so its very important to perfect your land title to C of O after an offer of R of O is given to you. that is why most land buyers are very concern on the title as a C of O always attracts a higher value.
when given an offer of R of O, a premium sum is attached to the offer to be paid for perfection to c of o.
so u can go to the relevant land authority to clarify and get yourself more informed.
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