FAQ

Ans: Yes, housing units of 3bedroom fully detached bungalow with an attached 1 room boy’s quarters (the proto-type) are available for sale to interested subscribers who may not want to go through the other process of first buying land and then building the same proto-type unit. Each housing unit will be built on 450sqm of land.

Ans: The Proto-type unit can be constructed on a subscriber’s land for N10m (subject to payment terms and conditions). Kindly note that this is subject to review without notice. Therefore, interested subscribers are encouraged to contact the office for current construction price at any time.

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 have multiple units we will be handling gives us great economy of scale that make our pricing difficult to beat by any outside builder except he will compromise with quality. RPL shall also be your best source for quality building materials for your construction activities.

Ans: Yes, you are limited to building residential houses (proto type design of what can be built in the estate is available at our office on demand) within the area designated as residential and commercial structures in areas designated as commercial. Provision of shops in residential houses and building of tenement house type (popularly known as FACE-ME-I-FACE-YOU) is not permitted. Due to government regulations and the need to keep to approved layout and building plans, building shall be strictly as we have it in the prototype.

Ans: Yes.

Ans: No, the transaction is interest free for active subscriptions within the agreed term.

Ans: After the payment of the initial deposit you are expected to pay the balance monthly. Non-payment monthly as at when due will be treated as fundamental breach of contract which can result to 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.

Ans: If your land is revoked due to none or irregular payment of your subscription or you indicated your interest at discontinuing the transaction, refund is subject to resale of your plot and you get your contribution less cost of Deed of Contract N10,000 per plot and 30% administrative charge (effective from May 15, 2013). Kindly note that these charges are subject to review. This is because this project is patterned after joint ventures.

Ans: Deed of Assignment of the unexpired term of the root title subject to terms and conditions as the Government may determine from time to time including fees to be paid accordingly as would be advised.

Ans: You will not have any nexus with omo-oniles. No omo-onile wahala.

Ans: We have the Purchase Agreement, Land Perimeter Survey, Land Topography Survey, Site Layout, Right of Occupancy(R of O) on the land and the Certificate of Occupancy(C of O) is in process

Ans: Receipt(s), Welcome letter, Deed of Contract, Congratulatory Letter, Letter of Allocation, Estate Covenants, Survey Plan and Land Handover Certificate/Deed of Sublease/Assignment.

Ans: Yes, you can start building on the land immediately after physical allocation and payment of the stipulated development levy.

Ans: Paper allocation will take place after completion of payment for land, documentation, Survey and Development levy deposit. Physical allocation takes place after all necessary payments have been made and account reconciled between both parties as regards size of plot(s) allocated. i. Kindly note that the fees and levy stated above are subject to review. ii. Where review of either the fee or levy takes place before a subscriber completes such fee/levy payment, the reviewed amount is what becomes payable by such subscriber.

Ans: The development levy is expected to be paid as follows:- N1200 per sqm x 650sqm/450sqm x (the no of plots) will be due for payment along with survey fee after completion of payment of land and documentation before paper allocation. The difference (credit to the subscriber if allocated plot is less than 650sqm/450sqm and debit his/her account if it is more than 650sqm/450sqm) must be paid before physical allocation of plot(s).

Ans: Provision of drainage, electric poles and strings for the distribution of power, water and road network.

Ans: Development Levy is the amount payable for infrastructural development in the estate. It is determined on a per square metre basis so that the amount payable by a subscriber is directly proportional to the actual size of the plot(s) allocated.

1. Legal Documentation Fee: 3% of sales value but not less than N20,000 2. Survey Fee: N90,000.00 per plot 3. Development Levy Deposit: N1,200 per sqm 4. Plot Maintenance Fee: N1,000 monthly Thereafter, Estate Services & maintenance Fee becomes payable per annum 12months after allocation. This applies only to a subscriber that is not coming forward to fulfill the requirements for allocation after paying for the plot(s).  It becomes due and starts to accrue 12months after the completion of payment for plot (i.e the 13th month) till the client steps forward and fulfills all the necessary conditions for allocation.  When necessary payments for allocation are to be made, arrears of Plot Maintenance Fees will have to be paid first. a. Kindly note that the fees stated above are subject to review. b. Where review of any fee takes place before a subscriber completes such payment, the reviewed amount is what becomes payable by the subscriber.

Ans: Increase in price will not affect existing subscribers in any way except if/when they default in their installmental payments or want to subscribe to additional plot(s).

Ans: Electric poles and strings, piped water system, drainage and road network.

Ans: Perimeter fencing, earth road, transformer and connection to the national grid, 2 boreholes randomly sited to assist during construction.

Ans: The landed property is free from every known government acquisition and no adverse claimant.

Ans: Green Parks, Police/Security Post. These are to be maintained by RPL or its assignee on behalf of the residents.

Ans: We have 2 sizes and they are approximately 650sqm and 450sqm for residential while commercial plot sizes are as indicated in the approved layout. When allocated, account between RPL and the subscriber will be reconciled as to the actual size of the allocated plot(s). Where allocated plot is less than 650sqm or 450sqm, RPL will credit client’s account with the differential at the rate of purchase and vice versa.

I   N1350,000 per plot Outright payment (0-3 monthly installment)   II N1,650,000 per plot payable in 20equal monthly installments   III N1,850,000 per plot payable in 36 equal monthly installments   Please note that a corner piece attracts an extra charge of N100, 000 (One Hundred Thousand Naira).

Ans: Realty Point Limited.

Ans: PE “Abuja”: Close proximity to Goshen City (Winners Chapel), Bingham University, Redeemed Camp Ground, FRSC Estate, Deeper Life Camp Ground, Proposed site for Matthew Ashimolowo University, Catholic Church University, Royal Court Estate, etc.