+234-805 989 9137, +234-809 142 5914 

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FAQ-The Harbour Estates

 

Q1. Where is the Harbour Estate, Mayfair-Lekki? 
Ans: 
It is less than 2km behind Mayfair Garden before Lakowe Bus stop on the popular Lekki – Epe Expressway in Ibeju Lekki LGA of Lagos State. 

Q2. What are the names of other estates and institutions within 3 KM radii of The Harbour Estate?
Ans: Mayfair Garden Estate, Adiva Estate, Lokowe Golf Course, e.t.c

Q3. Who is the developer of The Harbour Estate, Mayfair-Lekki?
Ans: 
Realty Point Limited.

Q4. Can the payment be made in installments?
Ans: Payment per plot can be made as follows:
         Installment at N10m; N2m initial deposit and N200, 000 per month for 40months.

Q5. What is the size of residential plot?
Ans:
 Approximately between 600sqm and 648sqm

Q6. Is there any encumbrance on the land?
Ans: The land is free from every known government acquisition and no adverse claimant.

Q7. What types of infrastructure will the developer provide?
Ans: Perimeter pole fencing, motorable road, transformer(s), connection to the national grid, electric poles, strings, drainage and water.

Q8. What other payments do I make apart from the payment for the land?
Ans: The payment for land covers: land, provision of stated infrastructure, as well as Omo-onile pre-agreed customary fees/charges as a protection of our subscribers from their possible antics.

NOTE:  The payment does not include the following which shall become payable as indicated:

  • Individual plot Survey and Documentation (N650,000, but subject to review)
  • Perfection of the Deed of Assignment; when the subscriber decides to perfect title with appropriate State Government Authority
  • Annual Estate Service & Maintenance fee; this becomes payable 12months after physical allocation of plot to subscriber.
  • Plot Maintenance Fee (N1,000). This applies only to a subscriber that is not coming forward to fulfill the requirements for allocation after paying for the plot(s).  It becomes due and starts to accrue 12months after the completion of payment for plot (i.e the 13th month) till the client steps forward and fulfills all the necessary conditions for allocation.  When necessary payments for allocation are to be made, arrears of Plot Maintenance Fees will have to be paid first.

Q9. When will my (plots) be allocated to me?
Ans: On paper by way of letter allocation will be done immediately full payment is made. However, physical allocation shall be done between 2 to 3 months after the final payment for plot, survey & documentation to allow for time required to do the survey, documentation, etc.

Q10. Can I indicate where I should be allocated within the Estate?
Ans: We allocate progressively on first in line basis at the discretion of the company. However, preference may be given to request for corner piece(s) plot allocation provided it is still available subject to the payment of a fee.

Q11. What do I get after completion of payments for the plot?
Ans: Final receipt, Congratulatory & Allocation letter acknowledging completion of payment for plot and stating plot allotted.

Q12. What type of title does Realty Point limited have on the land?
Ans:  Contract of Sale first, and the Deed of Assignment derivable from the Global C of O (Gazette) on the entire expanse of land. The Harbour Estate, Mayfair-Lekki site falls under the Onikoko, Igbokoko and Ashiribo Villages Excision granted and approved by the Lagos State Government. This is easily verifiable from the Bureau of Lands, Alausa, Lagos & Lagos State Surveyor Generals Office.

Q13. What title would I get eventually?
Ans: Deed of Assignment

Q14. What about Omo-oniles?
Ans: You will not have any nexus with omo-oniles. No omo-onile wahala. We face that on your behalf.

Q15. What other value added service(s) is Realty Point Limited (RPL) set to provide for subscribers into the estate?
Ans: RPL shall be on the site for a period of 2-4years to allocate and set up the initial Landlord Association starting from September 2013 unto August 2017 at the most after which the Estate shall be handed over to the Landlord & Resident Association in its entirety. 

Q16. How will the estate be managed and maintained?
Ans: The estate shall be managed by the Landlords & Residents using the vehicle of the Association or any other party she delegates to act on her behalf after RPL hands over. RPL can also be engaged to render such service to the Association, it will be our pleasure.

Q17. What happens if I cannot complete payment or default in the payment of the monthly subscription?
Ans: You will qualify for a refund of total money paid less 30% as administrative expenses subject to resale.

Q18. Can I pay a deposit and pay balance anytime within the duration of tenure?
Ans: After the payment of the initial deposit you are expected to pay the balance monthly at least. None payment monthly as at when due will be treated as fundamental breach of contract which can result to termination or revocation of contract.

Q19. Does Realty Point Limited charge interest on the balance of payment?
Ans: No, the transaction is interest free once stated payment schedule is adhered to.

Q20. Can I start construction or building on the land now?
Ans: You can start building on the land immediately after physical allocation.

Q21. Is the road to the estate good and motorable even during raining season?
Ans: Yes the roads to the estates are good and motorable all season.

Q22. Is there any restriction as to the type of structure I can build?
Ans: Yes, you are limited to building residential houses only and such must be as approved by relevant Government Authorities/Agencies. However, building of tenement house type (popularly known as “FACE ME I FACE YOU”) is not permitted.

Q23. Is there any time limit to commence work on my land after allocation?
Ans: You are encouraged to start work immediately after the physical allocation of your plot.

Q24. Can I resell my plot/property?
Ans: Realty Point Limited may assist subscribers who have paid up on their land to get a buyer, the subscriber is also encouraged to get buyers or engage the services of Property Agents in doing so. A charge (agency fee) is payable if Realty Point Limited sells for a subscriber.

Q25. What is the process for the transfer (or change of name) of ownership of the property?
Ans: We recognize that buyers may need to sell their purchase for varying reasons. However, due to the administrative and legal issues required in the proper transfer of these purchases, we would only honour transfers once full payment for land has been made.

Both buyers (existing & intending) have to complete our Property Unit Transfer Form after which title documents and a Purchase Agreement can be issued to the new owner (buyer).   

Plot ownership verification, an exercise which should take place in writing and in our office by the new buyer with the consent of the original buyer (seller now) attracts a fee.

A non refundable Transfer Fee per unit of plot is also payable before the Property Transfer Form can be treated.

Please note that the transfer fee is subject to review.

Q26. What is the sequence of event in this transaction?
Ans:

 i) Payment for land
ii) Congratulatory & Allocation by letter
iii) Payment for Survey and Documentation
iv) Physical allocation and induction into Landlord Association.

Q27. What is the relationship between RPL and Prime Exchange Limited?
Ans:
 RPL is the developer as earlier said while Prime Exchange Limited is the sole authorized sales agent for The Harbour Estate, Mayfair-Lekki.  The sales of The Harbour Estate cannot be done by any other person other than sub-agents of Prime Exchange Limited and/or RPL staff.

Q28. Can I pay cash to your Agent or sub-Agents??
Ans: While we are not discrediting anybody, we strongly advise that cash should be paid only into PRIME EXCHANGE LIMITED/REALTY POINT LTD designated bank accounts. Otherwise, cheques should be issued in favour of PRIME EXCHANGE LIMITED/REALTY POINT LTD only. Please note that the management of REALTY POINT LIMITED and/or PRIME EXCHANGE LIMITED accepts no responsibility 

Q29. Which of PRIME EXCHANGE LIMITED’s Bank account(s) is (are) designated for this project?
Ans. 
GTBank Plc,
Account Name: Realty Point Limited
A/C Number: 000754781

Q30. Any other thing to note when making payments into any of these?  
Ans. Always ensure that at the bank you indicate your name as we have it in our records as the depositor even if/when you send someone else to the bank. This will help our internal accounting process.

One more very important thing please;

Also, we expect that you will send in your payment details as soon as it is made through your sales agent/contact. Your agent should notify you as soon as your land subscription account with us is credited.

Q31: How can I see the place?
Ans: 3 ways really;

1st- We conduct site inspections on appointment only from Tuesdays – Saturdays (except on Environmental Sanitation Saturdays) and leave from the front of Mayfair Garden by 12noon or any other time as may be agreed when you call.

2nd – your contact person/Agent can take you there at an agreeable time between the two of you.

3rd – Otherwise you can do virtual tour, especially if you stay outside of the country. Check the website www.realtypointltd.com

You can call any of our office numbers to register your interest for inspection and get the movement details. Prospects that drive are encouraged to come in their vehicles to reduce pressure on the one(s) to be provided by the company. Note, the road is very motorable all season as it is tarred to the point you branch to the site.

Q32: Does RPL have planned programme of work for this project?
Ans: 

Activities

 

2013

2014

2015

2016

2017

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

1

Site Acquisition & Sales

X

X

X

X

 

 

 

 

 

 

 

 

 

 

 

 

2

Site Clearing

 

 

 

 

X

X

 

 

 

 

 

 

 

 

 

 

3

Perimeter Pole Fencing

 

 

 

 

 

X

 

 

 

 

 

 

 

 

 

 

4

Gate House

 

 

 

 

 

 

X

 

 

 

 

 

 

 

 

 

5

Finalise all documentations

 

 

 

 

 

 

X

 

 

 

 

 

 

 

 

 

6

Physical Allocation

 

 

 

 

 

 

 

X

 

 

 

 

 

 

 

 

7

Inauguration of Estate Landlord & Resident Development Association

 

 

 

 

 

 

 

 

X

 

 

 

 

 

 

 

 

8

Commence Infrastructure development

 

 

 

 

 

 

 

 

X

X

X

X

X

X

X

X

X

9

Latest time to hand over site

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

X


Q33: Can there be changes and/or amendment to this offering as it is presently known?
Ans:  The real estate industry just like most others is a dynamic industry and as such things get to change from time to time most especially for the better. However any change, amendment or modification shall be communicated and endorsed by REALTY POINT LIMITED/PRIME EXCHANGE LIMITED. Such communication shall be via letters, electronic mails, fax, short message service (SMS), handbill, posters and any other means of communication. This correspondence shall be deemed to have been received by the CLIENT having been sent by REALTY POINT LIMITED/PRIME EXCHANGE LIMITED.

Q34. How do I contact RPL and/or Prime Exchange Limited if need be?
Ans: 
A. To reach RPL
Call our customer service desk 08059899724/09095722 635
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B. To reach RISA
Call our customer service desk 0805 9899 724 / 0909 5722 635
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