Answers buyers ask before they commit.

Ans: Contract of Sale first with the landowning family and this will be followed by Deed of Assignment derivable from the Global C of O the family will be getting on the entire expanse of land. The Roseberry Estate Ibeju-Lekki site falls under the Igbeyin Adun & Okoduberu Village Excisions granted and approved by the Lagos State Government. This is easily verifiable from the Bureau of Lands, Alausa, Lagos and Lagos State Surveyor General’s Office..

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

Ans: : RPL shall manage the site for years. RPL shall manage the estate for 5 years, thereafter, RPL or its appointee shall manage the estate suing a resident inclusive approach. RPL shall therefore remain the estate/facility manager for a fee. Thereafter, the CDA as will be constituted shall in conjunction with RPL take over the administration of the Estate any time after. RPL shall thereafter remain the Estate Managers for a fee as it is the best practice

Ans:Deed of Assignment of the unexpired term of 99 years less One day.

Ans: If your land is revoked due to none or irregular payment of your subscription or you indicated your interest at discontinuing the transaction, a refund is subject to the resale of your plot and you get your contribution less cost of Deed of Contract and 30% administrative charge in the least. Kindly note also that these charges are subject to review.

Ans: For spread payments, after the payment of the initial deposit, you are expected to continue to make your monthly payments. Non-payment monthly as at when due will be treated as a fundamental breach of contract which MAY result in the termination or revocation of contract. The developer is not required to put you on notice in this case and this is subject to appropriate deductions. To prevent this from happening however, the Developer expects you to initiate a standing order instruction with your Bankers to credit her account with the appropriate sum monthly throughout the tenure of the transaction

Ans: No, the transaction is interest-free for active subscriptions that are within the agreed payment terms..

Ans: To aid development and maintain healthy value appreciation, allocated subscribers are encouraged to start construction immediately. They can start the fence work around the perimeter of their property or the foundation work of the main construction. RPL and other company in our group shall be there to give every support and encouragement we can to facilitate speedy development of the estate.

Ans: Not really, except otherwise determined by the CDA. But tenement house types (popularly known as FACE ME I FACE YOU) are not permitted. And no shops are allowed in front of houses. There are designated commercial areas within the estate where all commercial activities are to take place

Ans:To aid development and maintain healthy value appreciation, allocated subscribers are encouraged to start construction immediately. They can start the fence work around the perimeter of their property or the foundation work of the main construction. RPL and other company in our group shall be there to give every support and encouragement we can to facilitate speedy development of the estate.

Ans:Realty Point Limited can assist subscribers who have paid up on their land to get a buyer or they can come up with a buyer themselves, whichever comes first. A charge on the sale price (agency fee) is payable if Realty Point Limited sells for a subscriber.

Ans: For investors who are not really keen on developing their plot(s) within the estate, you can concern yourself with just paying for the land. The payment for Documentation, Survey, plot size reconciliation settlement, plot maintenance fee(where applicable)and Development Levy can be left to whoever you sell your holding in the estate to later or such a time that RPL calls for buyer(s) to come forward for their plot allocation. The Plot Maintenance fee payable per month or per annum after the first anniversary of completing your payment for land is however payable till the plot is sold. Your intending buyer can check (conduct a search) and confirm your claims of having landed investment in the estate from our office before the purchase is made. This shall be done in writing and shall be at a fee per 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 honor transfers once full payment for land(plot) has been made. Both buyers (existing & intending) have to complete our Property Unit Transfer Form after which necessary documentation shall 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 if he/she so desires with the consent of the original buyer (seller now) attracts a fee. A non-refundable Transfer Fee (reviewable from time to time) per unit is payable before the Property Transfer Form can be treated

Ans:  While we are not discrediting anybody, we strongly advice that cash should be paid to Realty Point Ltd designated bank accounts. Otherwise, cheques should be issued in favour of Realty Point Ltd only. Please note that the management of Realty Point Ltd accepts no responsibility for any liability that may arise as a result of deviation from the above instruction. NOTE: ALL FEES ONCE PAID ARE NON REFUNDABLE.

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. 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.