Answers buyers ask before they commit.

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

Ans:    Payment Acknowledgement Letter Deed of Contract/Reservation Agreement

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.

Ans: Yes, Legal fees – N100,000 (subject to review) and VAT – 5% of the purchase price payable on demand (Kindly note that these fees are non-refundable).

Ans:  You have to make these payments before your housing unit is handed over to you.

Ans:  Approximately within 3 – 6 months after we receive full payment for your unit.

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 has been made. Both buyers have to complete our Housing Unit Transfer Form after which title documents and a Purchase Agreement will be issued to the new owner (buyer). A non refundable fee of N100,000 (One Hundred Thousand Naira only) per unit is payable before the necessary transfer documentations can be made. The transfer fee is subject to review.

Ans: It is anticipated that the developer will complete the building between 3 to 6 months after payment of the last installment and all other applicable fees. For Rent-To-Own Option, Realty Point Limited will get the property ready for Purchaser’s occupation or rental under the management of Realty Point Limited within 3-6months after the payment of the initial down payment and the first installment of the 60months installments.

Ans: BUNGALOW SPECIFICATIONS TYPE A: Building Exterior Complete roof installation, UPVC windows, Front & Back security doors, Texcote/Emulsion paint on external rendered wall, Balcony hand railing Building Interior Plastered cement walls, PVC ceiling board, Plastered partition walls, Conduit, wiring and fittings, Water closets in Toilets, Kitchen Zinc , Drainage pipes & fittings, Internal doors (panel/flush) TYPE B: Walls –  External and Internal walls are rendered and painted in Emulsion paint except kitchen, Toilets and Bathrooms. –  Kitchen walls are finished with glazed ceramic tiles up to a height of 2.10m (i.e Floor to door level) –  Visitors’ toilets are finished with glazed ceramic tiles up to a height of 1.50m –  Toilets (with bathrooms) are finished with glazed ceramic tiles to a height of 3.00m (i.e Floor to roof level) Floors –  Sitting, Dinning and Terraces are fully vitrified ceramic floor tiles. –  Toilets and bathrooms are Ceramic floor tiles. –  All rooms are PVC floor tiles. Ceiling –  All ceiling areas are finished with PVC Ceiling stripes. Doors –  Internal doors are quality imported timber panel doors. –  External doors are quality imported iron doors (Buono brand or approved equal) Windows  –  All windows are coated Aluminum casement windows with burglary bars. Fittings & Fixtures  –  Includes Handrails, wardrobes, kitchen cabinets with granite work top. –  All rooms are en-suite

Ans: Yes, RPL is very willing and positioned to construct for clients. We would be your preferred construction company/contractor because the fact that we are on ground and shall be handling multiple units give us great economy of scale, making our pricing difficult to beat by any external /outside builder without compromising quality. We can handle the whole building process from architectural design, bill of quantity, building approval processing to actual construction. Also, RPL can also be your best source for quality building materials for your construction activities.

Ans: You can amend internally, but for external amendments, approval must be sought from the estate management firm and relevant government quarters. However, Gate house, Generator house and Perimeter fence are allowed in the following dimensions: The Gate House must be ensuite and not more than 12m2 inclusive of any space for cooking if necessary. –  The generator house should not be more than 4.5ft and 7-10sqm in space. –  Low fence (American fence type) block work height of not more than 1m to the ground. –  BQ structure may be approved for the 3 Bedroom fully detached structure according to RPL’s proto type design and specifications.

Ans:  Apart from on Rent-To-Own where refund is not an option, refund will be paid less 15% administrative charges of total amount subject to re-sale of property. This hinges on the premise that funds realized from this project are ploughed into the development of the project as the project is patterned after joint ventures.

Ans: Owners will be notified in writing upon completion of the project. However, note that possession and occupation of the bungalow shall be deemed to have commenced from the date fixed for Handover and all risks and benefits in respect of the property shall be passed to the purchaser.

Ans: Yes, Realty Point Ltd has an arm that manages properties for a fee.

Ans: Price review will be discussed when it becomes obviously necessary and the path to take will be mutually determined.

Ans: Initial down payment and balance to be paid through mortgage for qualified subscribers. – One off payment with applicable discount of 2.5%. – Initial down payment and the balance in equal monthly installments over 24 or 60months

Ans: No, Realty Point Limited is the sole developer of Prime Estate housing units.

Ans: Congratulatory letter (immediately after completion of payment), Handover Invitation letter (after completion of construction) and Purchase Agreement.

Ans:  Pick up or download an application form Start making your Initial down payment For clients who qualify for loan, your mortgage processing starts after completion of your down payment and your monthly repayment starts immediately Self financing clients continue to make payment as per their choice.

Ans: You get the keys to your housing unit and your copies of the Deed of Sublease.