FAQ

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.

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:     – Electricity – Drainage – Well laid out network of roads – Central Estate Security and co-ordination

Ans: The housing units are strictly for residential purposes only.

Ans: We have relationships with Mortgage banks to which subscribers can be referred.

Ans: Yes, after completion of payment for the housing unit (subject to terms and conditions).

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

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

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

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

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

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: 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: 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: 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:   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: We allocate progressively on first in line basis at the discretion of the company. However, preference shall be given to request for corner piece(s) plot allocation provided it is still available subject to the payment of a fee.