Q7. How will the Layout Scheme develop and advance?

RPL shall commence the process of assisting to institute and register a Community Development Association(CDA) for the Layout Scheme once up to 5 plot buyers have fully paid up for their plots and allocated within the layout. The CDA shall be responsible for community relations, running and promoting the development of the layout scheme thereafter.

Q2. Where can Irepodun Layout Schemes be found?

We strategically pick locations all across the Country where our target market can buy and start building their homes with little or no hindrance and limitations offering the backing we can provide to make their experience far better than what it would have been in the hands of traditional land owning families. Specific locations are as stated in the marketing materials and as buyers fill out on their application forms.

Q1. What type of development do we call Irepodun Layout Schemes and who is the developer?

Irepodun Layout Schemes are Plot Sub-division developments by REALTY POINT LIMITED (RPL). They are projects conceptualised to better deliver on our brand slogan; “Sack Your Landlord” to assist middle and low income earners become home owners starting with the purchase of land. Realty Point Limited (RC 621592) is a dynamic multifaceted Pan-African real estate going concern primarily involved on the supply side of the industry, with a strong presence in Real Estate Development, Investment, Training/Consultancy and Real Estate Investment Aggregation since 2005.     FAQs of Irepodun Layout Scheme, Ofada – Owode Egba

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.

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 websitewww.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.

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.

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

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.

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.

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.

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.