Q31. Is it compulsory I make all these other payments after paying for the land to secure my investment in the estate?

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.

Q30. Can I resell my plot/property?

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.

Q29. Is there any time limit to commence work on my land after allocation?

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.

Q3. Who is the developer of Prime Estates?

Ans: Realty Point Limited. 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 Marketing Syndications.

Q2. What are the names of other estates and institutions within 3 KM radii of Prime Estate?

Ans: For P.E 1 & P.E 2, Jubilee Golden Estate, Redemption camp, the Redeemer University, Intercontinental bank training school, Cornerstone Estate, University, KICC University (proposed), Graceland Estate, Trinity Secondary school, U.A.C Co-Op Estate, Union Homes Staff Co-op Estate, Master Golden Estate, Good Shepherd Homes, Parkland Meadows, Rosebud Gardens, Honey Land Estate, Resort Estate, etc.

Q27. Are the roads to the estates good and motorable even during the raining season?

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.

Can RPL build for clients?

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.

Q25. Can I pay a deposit and pay balance anytime within the duration of tenure chosen (e.g. 2, 3, 6, 12, 15, 18, 20 or 24 months)?

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

APPEAL

Planting of 2 trees in front of your houses within your compound for aesthetics and health reasons ·  Putting 2-3 energy saving lighting points on your frontal fence outside to the road to assist as  streets light and further help illumination within the estate

. 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. 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.

Can I pay to your agent/staff, etc?

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.

Q22. What other value-added service(s) is Realty Point Limited (RPL) set to provide for subscribers to the estate?

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

Q20. . What type of title/interest does Realty Point Limited have on the landed property?

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..

Q19. What do I get after completion of payments for the land document, survey and development levy?

Ans: Receipt(s), Deed of Contract, Congratulatory Letter/Letter of Provisional Allocation, Declarations of Deed Restrictions (Consists of Estate Covenant and Constitution of Landlord Association) and Estate Management Agreement, Survey Plan and Deed of Assignment. Note however that the Deed of Assignment will only be issued after ALL payments communicated are made in full e.g. Plot maintenance fee where applicable, Development Levy payment as agreed by the CDA, etc.

Q18. What type of title/interest does Realty Point Limited have on the landed property?

Q1Ans:Contract of Sale first with theland owning family and Deed of Assignment derivable from the Global C of O on the entire expanse of land. The Roseberry Estate Ibeju-Lekki site falls under the Igbeyin Adun& OkoduberuVillage 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.8. What type of title/interest does Realty Point Limited have on the landed property?

How do I start?

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.