9 Adebayo Ogunronbi Close, Ogudu Road, Ogudu, Lagos.
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General

3 published answers available.

What documents do I have on subscription if I am paying the Initial deposit in installments?

Ans:    Offer letter FAQs (Terms & Conditions) Receipt Welcome letter

What documents do I have upon completion of the initial deposit?

Ans:    Payment Acknowledgement Letter Deed of Contract/Reservation Agreement

What happens if I miss a month or two payments?

Ans: You risk revocation of your property if you default for a total of three (3) months and you might have to pay the differential in price review during this period. Also, for mortgage applicants, it is only after you have completed your initial down payment that your mortgage application and processing can commence if you qualify. Strict adherence to payment plan will guarantee the initial purchase price. Buyers who fail to comply may be affected by price changes. However, for the Rent-To-Own Option, when defaults attracts strict price review and 3months default will result in revocation and forfeiture of whatever amount has been paid up till the time of revocation.