FAQs - Realtypoint LTD

Where Are the Prime Estate bungalows?

Ans: Prime Estate Phase 1, Prime Estate Phase 2, Prime Estate Igbesa

. How many housing units are being proposed by the developer?

Ans: Over 1000 units spread around the Estates

Where are the Estates located?

Ans: Prime Estates 1& 2 are on Papalanto Road, Ofada via Mowe, Obafemi Owode Local Government Area, Ogun State; about 25 minutes drive from Lagos end of the toll gate. Prime Estate, Igbesa is close to Agbara, off Lagos-Badagry expressway, within a stone throw from Gateway Polytechnic and Crawford University.

What are the various types of Housing units you propose to build?

Ans: 3-Bedroom fully-detached bungalow 3- Bedroom Semi-detached bungalow 3-Bedroom fully detached bungalow with an attached 1 room BQ

Who is/are the developers of the housing units?

What are the prices of the various housing units?

Ans: Type A 3-Bedroom fully-detached from N7.5m 3-Bedroom Semi-detached bungalow from N7.4m 3-Bedroom fully detached bungalow with an attached 1 room BQ from N8.4m Note that prices are subject to review. Ans: Type B 3-Bedroom fully-detached from N9.73m 3-Bedroom Semi-detached bungalow from N9.58m 3-Bedroom fully detached bungalow with an attached 1 room BQ from N10.68m Note that prices are subject to review.

What are the payment options?

Ans: 20% initial deposit and balance spread over 24 equal monthly installments. One –off payment and/or group of 5 buyers upward attracts 2.5% discount 20% down Payment and Mortgage for qualified prospects (regular mortgage or hybrid of regular mortgage and NHF) 30% initial deposit and balance spread over 60equal monthly installments(Rent-To-Own Option). With this option, the apartment can be occupied by the purchaser or rented house under Realty Point Limited’s property management desk for the Purchaser immediately after the initial deposit (30%) and the first monthly installment of the 60months installments are made by the Purchaser. Others as may be discussed and agreed upon.

Can the initial down payment be done in installments and how?

Ans: Yes, this is allowed in maximum of 6 equal monthly installments. Note however, that processing of unit or reservation is on a first to complete the initial deposit basis. Therefore, the earlier you make up your deposit the better.

. What documents do I have on subscription if I am paying the Initial deposit in installments?

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

What documents do I have upon completion of the initial deposit?

Ans: Payment Acknowledgement Letter Deed of Contract/Reservation Agreement

. What happens if I miss a month or two payments?

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.

Are there other payments, charges or fees apart from the payment for the housing units?

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).

When do I make these other payments?

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

When is the completion date of the bungalows for the various installments?

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

Q15. 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 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.

Q 1. Where is Roseberry Estate, Ibeju-Lekki (IGBEYIN ADUN & OKODUBERU VILLAGE EXCISIONS)?

Ans: Roseberry Estate Lekki is located just after Pan Atlantic University, Campus Opposite Eleganza Industries/Odunnbaku a few minutes’ drive before the new Int’l Airport Ibeju-Lekki directly off lekki Epe Expressway. We call it “ROSEBERRY ESTATE, IBEJU-LEKKI”.

Q2. Facts about the immediate environment of the Estate;

Ans: Lekki Free Zone (LFZ)Lekki Free Zone (LFZ) comprises 16,500 hectares to the southeast of the city of Lagos, two peninsulas of infinite opportunities bounded by the Lekki lagoon and the Atlantic Ocean. The free zone was launched in 2004 as a vehicle to fully utilize the investment and tourism potential of Lagos. LFZ is a new city under development that will operate in accordance with best international practices. It is also one of the fastest developing urban areas with an annual economic growth of 16.8%. The Lekki free zone is a multi-use facility with zones for oil and gas, industry, manufacturing, business & financial, media centres, commercial, real estate, recreation and tourism. The promising world-class New Lekki Int’l Airport is at Ibeju Lekki off Lekki-Epe Expressway. It is envisioned to give Lagos a befitting Airport of highest standard both in appeal and operations. Lekki Deep Sea Port Nigeria’s $1 billion Lekki Deep Seaport project which is expected to begin operations in 2018 is to be financed by 10 financial institutions. According to Mr. Sandeep Parasramake, the Chief Financial Officer of Tolaram Group the institutions included the African Development Bank (AfDB), European Investment Bank and the Standard Chartered Bank. Others are Rand Merchant Bank, Stanbic IBTC, Africa Finance Corporation, Propaco, Entrepreneurial Development Bank, German Investment and Development Corporation; and International Finance Corporation. The project is on course and will tremendously boost business activities in that corridor upon completion. Pan Atlantic University Main Campus at KM 52, Lekki-Epe Expressway, immediately after Eleko Junction is just a …

. What type of finishing are we expecting?

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

Q3. What are the names of other estates, resorts, institutions and industries around Roseberry Estate, Ibeju Lekki?

Ans: The LEKKI LAGOS NEW INTERNATIONAL AIRPORT, THE NEW LEKKI LAGOS SEA-PORT, Industries and Companies & Estates, a Proposed site for SHOPRITE/GAMES shopping complex. THE NEW LAGOS CALABAR COASTAL ROAD, PAN AFRICA/ATLANTIC INTERNATIONAL UNIVERSITY Permanent Site, the famous CORONA SCHOOL, CALEB INT SCHOOL, GREEN-SPRING SCHOOLs, BRITISH/AMERICA INTERNATIONAL SCHOOLs, COSCHARIS MOTORS, LA Campagne TROPICANA RESORT & BEACH, ELEKO BEACH, AKODO BEACH & RESORT, etc.

Can I amend my structures after taking possession?

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.

Q4: Who is the developer of Roseberry Estate Ibeju-Lekki?

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 since 2005.

Q20. If unable to continue, how and when can I have a refund?

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.

. How will I know if my property is ready?

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.

Q5. What is the price per plot for residential and commercial plots respectively?

Ans: Roseberry Estate, Ibeju-Lekki Plot(450sqm approximately) 6,500,000/plot (Outright – 3months installment) N7,300,000 – (4 – 6 monthly installment) N7, 700,000- (24 monthly installment) Contact the Office for Commercial Plots • In addition to this, we also have FULLY SERVICED PLOTS (limited stock available): • The price for the serviced plot is N10, 500,000 per plot outright and instalment plans are available • Services include road, drainage and electricity.

Q6. What is the size of the residential plot?

Ans: Approximately 450 square meters per plot for residential. 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 450sqm, RPL will credit client’s account with the differential at the rate of purchase and vice versa. This is based on the understanding that plots throughout the expanse of land after sub-division cannot each be exactly 450sqm.

Q7. Is there any encumbrance on the landed properties?

Ans: The landed properties are free from every known government acquisition and no adverse claimant. The land is excised currently and other requirement for the issuance of the Certificate of Occupancy and perfection of title are being meant.

Can RPL manage my property for me?

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

Q8. What types of infrastructure will the developer provide?

Ans: Perimeter fencing with wire mesh or sandcrete blocks and a gatehouse. But for the fully serviced plots, paved road, drainage and electricity (poles & strings) will be provided.

Q9. What infrastructure will the developer not provide with the purchase price?

Ans: For the plots that we are selling “as is” and not Serviced yet, Plot investors/buyers/owners/Residents through the Community Development Association (CDA) shall be at liberty to decide how these infrastructures shall be provided within the estate. RPL will facilitate the birth of the CDA once we have a number of subscribers considered size-able enough that have fully for their plots.

Will a price review affect subscribers?

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

Q10. How will these other infrastructures be provided?

Ans: For the plots that we are selling “as is” and not Serviced yet, Plot investors/buyers/owners/Residents through the Community Development Association (CDA) shall be at liberty to decide how these infrastructures shall be provided within the estate as guided by RPL. RPL will facilitate the birth of the CDA once we have a number of subscribers considered size-able enough that have fully paid for their plots.

Q11. How much will buyers of plots that are not serviced pay for Development Levy?

Ans: The developer is not charging subscribers for Development Levy. The buyers of plots that are not serviced under the CDA will do that at the appropriate time. The developer shall be available to offer guidance throughout the process and be present to manage the Estate for the common good of all. Development Levy shall be charged and administered by the Developer as decided by the CDA. Following payment by Subscribers, The Developer shall provide agreed infrastructure.

What is the mode of payment accepted by Realty Point Ltd?

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

Q12. How will infrastructure provided within the Estate be maintained?

Ans: The developer shall offer facility management services directly or through his appointed facility manager to be paid for by the subscriber on a monthly, quarterly or yearly basis.

Q13. How will increase in price affect subscribers?

Ans: : Increase in price will not affect existing subscribers in any way except if/when they want to subscribe for additional plot(s) or fail to keep up with existing terms of payment

Can I use my private developers to execute the project?

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

Q14.What other payments do I make apart from the payment for the land?

Ans: Other payments to be made are when the subscriber is to be allocated and they are; I. Legal Documentation Fee: N150,000 per plot. II. Survey Fee: N500,000.00/plot III. Allocated Plot(s) size reconciliation settlement for plot(s) less or greater than 450sqm and the settlement of all outstanding post plot payment tenure including Plot Maintenance Fee per month or annum IV. *N2,000 monthly as Plot Maintenance Fee 12months after completion of payment for the plot if the subscriber does not proceed for allocation thereby making other payments. *This applies only to a subscriber that is yet to come forward to fulfil 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 fulfils 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 ALL the fees stated above are subject to review. b) Where review of any fee takes place before a subscriber completes payment for plot or the particular payment, the reviewed amount is what becomes payable by the subscriber. c) Payment for infrastructure development can kick in at any time within the chain line of payment as may be agreed upon by the CDA.

What documents will Realty Point Ltd give on completion of payment?

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

Q15. When will my plot(s) be allocated to me?

Ans: Paper Allocation (Provisional) will be done immediately all the payments are made subject the any other condition of allocation agreed and imposed by the CDA. Once the subscriber indicates deliberate intention to commence construction work on site, a sketch survey of his/her plot is prepared and issued for preliminary construction work to commence. Once progress of work is established, physical allocation with copies of original survey plans are issued on a scheduled day after the plot size reconciliation and all settlements. This is intended to drive development and value creation in the estate while ensuring that it is only as subscribers are ready for construction that they apply for allocation. It is strictly an attempt to ensure that development in the estate is in a systematic way such as will enhance the value of investment within the estate for all. Oversubscription is being guided against and every subscriber who pays up on his/her subscription shall be allocated within the estate. Physical allocation will be done in batches; subscribers will be notified. However, note that possession and occupation of the plot(s) shall be deemed to have commenced from the date fixed for handover and all risks and benefits in respect of the property shall pass to the purchaser.

Q16. Can I indicate where I should be allocated within the Estate?

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.

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.

Q17. Can I start construction or building on the land now?

Ans: You can start building on the land immediately after physical allocation subject to the fulfillment of any other decision of the CDA.

What do I get on the Handover Day?

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

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?

Can I resell my bungalow?

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

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.

What other financing arrangements do you have for buyers, other than the installment payment?

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

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..

Q21. What about Omo-oniles?

Ans: You will not have any nexus with Omo-oniles. No Omo-onile wahala. We face that on your behalf

Are the housing units strictly for residential purpose or can be used for commercial purpose?

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

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

. What infrastructures am I entitled to?

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

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.

Q23. What title would I get eventually?

Ans:Deed of Assignment of the unexpired term of 99 years less One day.

. 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.

Q24. What happens if I cannot complete payment or default in the payment of the monthly subscription?

Ans: If your land is revoked due to none or irregular payment of your subscription or you indicated your interest at discontinuing the transaction, a refund is subject to the resale of your plot and you get your contribution less cost of Deed of Contract and 30% administrative charge in the least. Kindly note also that these charges are subject to review.

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

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

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.

Q26. Does Realty Point Limited charge interest on the balance of payment?

Ans: No, the transaction is interest-free for active subscriptions that are within the agreed payment terms..

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.

Q1. Where are Prime Estates?

Ans: P.E 1 & P.E 2 on Papalanto Road, Ofada via Mowe, Obafemi Owode Local Government Area, Ogun State. About 25minutes drive from Lagos end of the toll gate.

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.

Q28. Is there any restriction as to the type of building I can have?

Ans: Not really, except otherwise determined by the CDA. But tenement house types (popularly known as FACE ME I FACE YOU) are not permitted. And no shops are allowed in front of houses. There are designated commercial areas within the estate where all commercial activities are to take place

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.

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.

Q4. What is the price per plot for residential and commercial plots respectively?

Ans: Residential Plots Commercial plots P.E 1 Not available (N/A) Not available (N/A) P.E 2 Only Available in Secondary Market with the following payment options: N2,400,000 (Outright or 3 Months) N4,500 per/sqm (Price inclusive of plots & Development Levy)

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.

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.

Q32. 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 honor transfers once full payment for land(plot) has been made. Both buyers (existing & intending) have to complete our Property Unit Transfer Form after which necessary documentation shall 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 if he/she so desires with the consent of the original buyer (seller now) attracts a fee. A non-refundable Transfer Fee (reviewable from time to time) per unit is payable before the Property Transfer Form can be treated

Q33. Can I pay to your agent/staff, etc?

Q34. Can there be changes and/or amendment to this offering as it is presently known?

Q5. What is the size of residential/commercial plot?

Ans: Approximately 648 square meters or 60ft x 120ft or 18meters x 36 meters for Residential and Commercial plots 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 648sqm, RPL will credit client’s account with the differential at the rate of purchase and vice versa.

Q6. Any special infrastructure?

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

Q7. Is there any encumbrance on the landed properties?

Ans: Before we commenced these projects, our thorough investigation reviewed that the landed properties are free from every known government acquisition and no adverse claimant.

Q8. What types of infrastructure will the developer provide?

Q8. WhAns: Perimeter fencing, earth road, transformer and connection to the national grid, boreholes randomly sited to assist during construction.at types of infrastructure will the developer provide?

Q9. What infrastructure will the developer not provide with the purchase price?

Q9. What infrastructure will the developer noAns: Electric poles and strings, piped water system, drainage, and road network.t provide with the purchase price?

Q10. How will increase in price affect subscribers?

Ans: Increase in price will not affect existing subscribers in any way except if/when they want to subscriber for additional plot(s).

Q11. What other payments do I make apart from the payment for the land?

Ans: i) Survey fee: N150,000.00/plot (Individuals) or N214,500 / plot (Commercial/corporate body) ii) Legal Documentation fee: N100,000 per plot iii) Development Levy: N972,000 per plot (1,500 per sqm) iv) Electricity Connection Fee: N50,000 v) Plot Maintenance Fee: N2,000 monthly Thereafter, Estate Services & maintenance Fee becomes payable per annum 12months after allocation Plot Maintenance Fee: 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 (i–v) are subject to review and to be paid per plot b. Where review of any fee takes place before a subscriber completes such payment, the reviewed amount is what becomes payable by the subscriber.

Q12. Are there other payments, charges or fees apart from the payment for the housing units?

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).

Q13. When do I make these other payments?

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

Q14. When is the completion date of the bungalows for the various installments?

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

Q15. What is the process for the transfer (or change of name) of ownership of the property?

Q16. When is the delivery/handover date from date of completion of payments?

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.

Q17. What type of finishing are we expecting?

Q19. Can I amend my structures after taking possession?

Q20. If unable to continue, how and when can I have a refund?

Q21. How will I know if my property is ready?

Q22. Can RPL manage my property for me?

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

Q23. Will a price review affect subscribers?

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

Q24. What is the mode of payment accepted by Realty Point Ltd?

Q25. Can I use my private developers to execute the project?

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

Q26. What documents will Realty Point Ltd give on completion of payment?

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

Q27. How do I start?

Q28. What do I get on the Handover Day?

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

Q29. Can I resell my bungalow?

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

Q30. What other financing arrangements do you have for buyers, other than the installment payment?

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

Q31. Are the housing units strictly for residential purpose or can be used for commercial purpose?

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

Q32. What infrastructures am I entitled to?

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

Q33. Can I pay to your agent/staff, etc?

Q34. Can there be changes and/or amendment to this offering as it is presently known?

Q18. Can RPL build for clients?

Q2. What are the names of other estates and institutions within 3KM radius of Prime Estate “Abuja”?

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.

Q3. Who is the developer of Prime Estate “Abuja”?

Ans: Realty Point Limited.

Q4: What is the price per plot for residential and commercial plots respectively?

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).

Q5. What is the size of residential/commercial plot?

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.

Q6. Any special infrastructure?

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

Q7. Is there any encumbrance on the landed properties?

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

Q8. What types of infrastructure will the developer provide?

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

Q9. What infrastructure will the developer not provide with the purchase price?

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

Q10. How will increase in price affect subscribers?

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).

Q11. What other payments do I make apart from the payment for the land?

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.

Q12. What do you mean by Development Levy?

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.

Q13. What is the Development Levy used for?

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

Q14. When do I pay Development Levy?

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).

Q15. When will my plot(s) be allocated to me?

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.

Q16. Can I start construction or building on the land now?

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

Q17. What do I get after completion of payments for the land, document and survey?

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.

Q18. Does Realty Point Ltd have Certificate of Occupancy (C of O)?

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

Q19. What about Omo-oniles?

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

Q20. What title would I get eventually?

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.

Q21. What happens if I cannot complete payment or default in the payment of the monthly subscription?

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.

Q22. Can I pay a deposit and pay balance anytime within the duration of tenure chosen (e.g. 2, 3, 6, 12 months, etc)?

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.

Q23. Does Realty Point Limited charge interest on the balance of payment?

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

Q24. Are the roads to the estates good and motorable even during raining season?

Ans: Yes.

Q25. Is there any restriction as to the type of building I can have?

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.

Q26. 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 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.

Q27. What will be the construction cost of the proto-type housing unit if RPL were to construct for any interested subscriber

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.

Q28. Are there housing units for sale within the same estate?

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.

Q29. What is the selling price and available payment terms for the housing units

Ans: The housing unit currently sells for N11.5m inclusive of all cost except the legal fee of N100,000. Kindly note that the price is subject to review without notice. Therefore, prospective subscribers are encouraged to contact the office for current selling price and/or availability of this unit at any time. Possible payment terms: 20% initial deposit and balance spread over 12 equal monthly installments. One –off payment and/or group of 5 buyers upward attracts 2.5% discount 20% down Payment and Mortgage for qualified prospects (regular mortgage or NHF) Others as may be discussed and agreed upon.

Q30. Is there any time limit to commence work on my land after allocation?

Ans: 18 months after allocation for at least fence and gate and after another 5 years for structural development, making a total of 6 years and 6 months grace period after allocation.

Q31. What about Estate maintenance fees and levies

Ans: RPL’s Estate management team shall provide services which include security, waste disposal and sanitation, parks & garden among others for which service charge is payable by occupier or land owner for unoccupied/undeveloped/developing plots after 18months of physical allocation.

Q32. 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 of 15% (agency fee) is deducted from purchase/selling/current price if RPL brought the new buyer. Note that transfer fee is also payable by either of the parties (seller or buyer).

Q33. Will Realty Point Limited assists subscribers in accessing National Housing Fund (NHF) loan?

Ans: Yes, Realty Point Limited has Mortgage Institutions that are ready to partner with us in providing NHF and other Mortgage loan for subscribers.

Q34. What is the sequence of event in this transaction?

Payment for land Payment for documentation Letter acknowledging full payment for land and reserving the equivalent of plot(s) paid for within the concerned estate Survey and development deposit payment Allocation by letter Reconciliation of development levy payable and final settlement/payment Physical allocation Payment of all statutory fee like Building Plan Approval, etc Commencement of construction activities Completion of your housing unit Occupation, management and maintenance

Q35. 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 N1,000 fee. A non-refundable Transfer Fee of N100,000 (One Hundred Thousand Naira only) per unit is payable before the Property Transfer Form can be treated. Please note that the transfer fee is subject to review.

Q36. Which of RPL’s Bank account(s) is (are) designated for this project?

Ans: GTBank, Account Name: RPL-Abuja, Account #: 0007754767 Zenith Bank Plc, Account Name: RPL- Abuja, Account #: 1012720351

Q37. 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.

Q38. How can I see the place?

Ans: We conduct inspection to site anytime of the week but regularly on Saturdays from 10am. Kindly call any of these lines for site inspection arrangement 08091425914, 08059837903.

Q39. Can I pay cash to your Agent?

Ans: While we are not discrediting anybody, we strongly advise that cash should be paid to REALTY POINT LIMITED designated bank accounts ONLY. Otherwise, cheques should be issued in favour of REALTY POINT LIMITED only. Please note that the management of REALTY POINT LIMITED accepts no responsibility for any liability that may arise as a result of deviation from the above instruction.

Q40. 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), handbills, posters and any other means of communication. The correspondence shall be deemed to have been received by the client having been sent by REALTY POINT LIMITED.

Q1. Where is Prime Estate Igbesa?

Ans: P.E Igbesa is close to Agbara, off Lagos-Badagry Expressway within a stone throw from Gateway Polytechnic and Crawford University.

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

P.E Igbesa: Ogun State Free Trade Zone, Agbara Industrial & Residential Estates, Opic Estate, Multinational Companies (e.g Smithclime Beecham, Lever Brothers, Nestle, Vitamalt, e.t.c) Crawford University, Gateway University, Covenant University, Ronik Polytechnic Permanent Site, Vitamalt Staff Co-operative Estate, etc.

Q3. Who is the developer of Prime Estate Igbesa

Ans: Realty Point Limited. REALTY POINT LIMITED (RC 621592) is a dynamic multifaceted PanAfrican 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.

Q4. What is the price per plot for residential and commercial plots respectively?

Ans: Residential Plots Commercial plots P.E Igbesa Only Available in Secondary Market with the following payment options: N3,000,000 per plot (Outright or 3 month payment) N 4,500 per/sqm (Price inclusive of plots & Development Levy

Q5. What is the size of residential commercial / plot?

Q6. Any special infrastructure?

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

Q7. Is there any encumbrance on the landed properties?

Ans: Before we commenced these projects, our thorough investigation reviewed that the landed properties are free from every known government acquisition and no adverse claimant at

Q8. What types of infrastructure will the developer provide?

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

Q9. What infrastructure will the developer not provide with the purchase price?

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

Q10. How will increase in price affect subscribers?

Ans: Increase in price will not affect existing subscribers in any way except if/when they want to subscriber for additional plot(s).

Q11. What other payments do I make apart from the payment for the land

i)Legal Documentation Fee: N 100,000 ii.) Survey Fee: N150,000.00/plot (Individuals) or N 214,500 / plot (Commercial/corporate body) iii.)Development Levy: N972, 000 per plot (1,500 per sqm) iv) iv) Plot Maintenance Fee: N2, 000monthly v) Electricity Connection Fee: N50, 000 Thereafter, Estate Services & maintenance Fee becomes payable per annum 12months after allocation Plot Maintenance Fee applies only to a subscriber that is not coming forward to fulfil 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 fulfils 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. Kindly note that the fees stated above (i-v) are payable before allocation, are subject to review and to be paid per plot. Where review of any fee takes place before a subscriber completes such payment, the reviewed amount is what becomes payable by the subscriber.

Q12. What is the Development Levy used for?

Ans: Provision of drainage, electric poles and strings for the distribution of energy, randomly sited water stations and road network

Q13. When will my (plots) be allocated to me?

Ans: Physical allocation will take place after completion of payment for Land, Documentation, Survey, Development Levy Deposit and a standing order for the Development Levy Balance. The company shall identify the plot to be allocated and issue the subscriber a Sketch Survey. Upon receipt of the Sketch Survey, the subscriber is expected to move to site and take possession by commencing construction work, the least of which has to be perimeter fencing of the plot with gate within 2months of getting the sketch survey. It is the commencement of work within the 2months that will activate the issuance of the original Survey, Declaration of Deed Restrictive Covenant, Estate Management Agreement and the Allocation Letter. It is strictly an attempt to ensure development in the estate is in a systematic way such as will enhance value of investment within the estate for all. Over subscription is being guided against and every subscriber who pays up on his/her subscription shall be allocated within the estate. Subscribers are encouraged to buy their sandcrete building blocks from Realty Point Ltd.

Q14. Can I start construction or building on the land now?

Ans: Yes, you can start building on the land immediately after physical allocation.

Q15. What do I get after completion of payments for the land, survey and title document?

Ans: Receipt, Deed of Contract, Letter of Allocation, Declarations of Deed Restrictions (Consists of Estate Covenant and Constitution of Landlord Association) also the Estate Management Agreement and Deed of Assignment.

Q16. Can I indicate where I should be allocated within the Estate?

Q17. Does Realty Point Ltd have Certificate of Occupancy (C of O)?

Ans: Realty Point Limited initiates the process of getting C of O immediately as part of the acquisition process. We already have C of O for PE Igbesa.

Q18. What about Omo-oniles?

Ans: You will not have any nexus with Omo-oniles. No Omo-onile wahala. If at all there is, we deal with that, not you.

Q19. What title would I get eventually?

Ans: Deed of Sub-lease/ Assignment of the unexpired term of 99 years less one day.

Q20. What happens if I cannot complete payment or default in the payment of the monthly subscription?

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 and 30% administrative charges in the least (effective from May 15, 2013). Kindly note also that these charges are subject to review.

Q21. Can I pay a deposit and pay balance anytime within the duration of tenure chosen (e.g 20, 24months, etc)?

Ans: After the payment of the initial deposit you are expected to pay the balance monthly. Nonpayment 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.

Q22. Does Realty Point Limited charge interest on the balance of payment?

Ans:

No. the transaction is interest free.

Q23. Can I start construction or building on the land now?

Ans: You can start building on the land immediately after physical allocation and payment of the stipulated total development levy.

Q24. Are the roads to the estates good and motorable even during raining season?

Ans: Yes the road to P.E Igbesa is very accessible all season.

Q25. Is there any restriction as to the type of building I can have?

Ans: Yes, you are limited to building residential houses 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.

Q26.Is there any time limit to commence work on my land after allocation?

Ans: 18 months after allocation for at least fence and gate and after another 5years for structural development, making a total of 6 year and 6 months grace period after allocation.

Q27. Can I re-sell my plot/property?

Ans. Realty Point Limited may buy back plots from subscribers who have paid up on their land or assist to get a buyer. A charge (agency fee) is deducted from purchase/selling/current price in either of the cases. Note that transfer fee is also payable by either of the parties (seller or buyer).

Q28. Will Realty Point Limited assist subscribers in accessing National Housing Fund (NHF) loan? Ans.

Yes, Realty Point Limited has Mortgage Institutions that are ready to partner with us in providing NHF and other Mortgage loan for subscribers.

Q29: What is the sequence of event in this transaction?

Ans: Payment for land Payment for Documentation Letter acknowledging full payment for land and reserving the equivalent of plot(s) paid for within the concerned Survey &Development Levy Deposit. Development Levy Balance or at least commencement of payment and agreed plan for subsequent payment till completion. Allocation by letter Physical allocation of construction Final payment of Development Levy Signing of the Deed of Assignment.

Q30: Can I pay cash to your Agent?

Ans: While we are not discrediting anybody, we strongly advise that cash should be paid to REALTY POINT LIMITED designated bank accounts. Otherwise, cheques should be issued in favor of REALTY POINT LIMITED only. Please note that the management of REALTY POINT LIMITED/ PRIME EXCHANGE accepts no responsibility for any liability that may arise as a result of deviation from the above instruction.

Q31: 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.

Q1. Where Are the Prime Estate bungalows?

Ans: Prime Estate Phase 1, Prime Estate Phase 2, Prime Estate Igbesa

Q2. Where are the Estates located?

Q3. What are the various types of Housing units you propose to build?

Ans: 3-Bedroom fully-detached bungalow 3- Bedroom Semi-detached bungalow 3-Bedroom fully detached bungalow with an attached 1 room BQ

Q4. Who is/are the developers of the housing units?

Ans: Realty Point Limited

Q5. How many housing units are being proposed by the developer?

Ans: Over 1000 units spread around the Estates.

Q6. What are the prices of the various housing units?

Q7. What are the payment options?

Q8. Can the initial down payment be done in installments and how?

Q9. What documents do I have on subscription if I am paying the Initial deposit in installments?

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

Q10. What documents do I have upon completion of the initial deposit?

Ans: Payment Acknowledgement Letter Deed of Contract/Reservation Agreement

Q11. What happens if I miss a month or two payments?

Q12. Are there other payments, charges or fees apart from the payment for the housing units?

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).

Q13. When do I make these other payments?

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

Q14. When is the completion date of the bungalows for the various installments?

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

Q15. What is the process for the transfer (or change of name) of ownership of the property?

Q16. When is the delivery/handover date from date of completion of payments?

Q17. What type of finishing are we expecting?

Q18. Can RPL build for clients?

Q19. Can I amend my structures after taking possession?

Q20. If unable to continue, how and when can I have a refund?

Q21. How will I know if my property is ready?

Q22. Can RPL manage my property for me?

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

Q23. Will a price review affect subscribers?

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

Q24. What is the mode of payment accepted by Realty Point Ltd?

Q25. Can I use my private developers to execute the project?

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

Q26. What documents will Realty Point Ltd give on completion of payment?

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

Q27. How do I start?

Q28. What do I get on the Handover Day?

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

Q29. Can I resell my bungalow?

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

Q30. What other financing arrangements do you have for buyers, other than the installment payment?

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

Q31. Are the housing units strictly for residential purpose or can be used for commercial purpose?

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

Q32. What infrastructures am I entitled to?

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

Q33. Can I pay to your agent/staff, etc?

Q34. Can there be changes and/or amendment to this offering as it is presently known?

Q1. Where is Pakuro Scheme?

Ans: Pakuro Scheme is off Lagos-Ibadan Expressway, you turn off opposite Deeper Life Camp about 10 minutes drive inside.

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

Ans: P.E Pakuro: Yabatech Staff Estate, Ministry of Defence Co-op Staff Estate and Diamond Estate.

Q3. Who acquired and is selling the Pakuro Schemes?

Q4. What is the price per plot for residential and commercial plots respectively?

Ans: Residential Plots Commercial plots Pakuro Scheme N2,000,000/plot Outright Call

Q5. What is the size of residential?

Ans: Approximately 648 square meters or 60ft x 120ft or 18meters x 36 meters for Residential.

Q6. Will any infrastructure be provided in this scheme by the developer?

Ans: No.

Q7. Is there any encumbrance on the landed properties?

Ans: Ratifiable acquisition.

Q8. How may infrastructures be provided in this scheme?

Ans: Self-help efforts of the subscribers individually or through an organized body of subscribers and/or in addition to whatever the government provides.

Q9. How will increase in price affect subscribers?

Ans: Increase in price will not affect existing subscribers in any way except if/when they want to subscriber for additional plot(s).

Q10. What other payments do I make apart from the payment for the land?

Ans: 1. Survey fee: N150,000 2. Legal Documentation fee: N100,000

Q11. When will my (plots) be allocated to me?

Ans: Physical allocation will be made immediately after completion of payment for Land, Documentation & Survey

Q12. Can I start construction or building on the land now?

Ans: Yes, you can start building on the land immediately after physical allocation and doing the needful with relevant regulatory authorities.

Q13. What do I get after completion of payments for the land, survey and documentation?

Ans: Deed of Contract, Receipts, Letter of Allocation, Deed of Assignment with the Survey.

Q14. Can I indicate where I should be allocated within the Scheme?

Q15. What is the process for the transfer (or change of name) of ownership of the property?

Q16. When is the delivery/handover date from date of completion of pay

Q17. What type of finishing are we expecting?

Q19. Can I amend my structures after taking possession?

Q21. How will I know if my property is ready?

Q22. Can RPL manage my property for me?

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

Q23. Will a price review affect subscribers?

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

Q24. What is the mode of payment accepted by Realty Point Ltd?

Q25. Can I use my private developers to execute the project?

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

Q26. What documents will Realty Point Ltd give on completion of payment?

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

Q27. How do I start?

Q28. What do I get on the Handover Day?

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

Q29. Can I resell my bungalow?

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

Q30. What other financing arrangements do you have for buyers, other than the installment payment?

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

Q31. Are the housing units strictly for residential purpose or can be used for commercial purpose?

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

Q32. What infrastructures am I entitled to?

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

Q33. Can I pay to your agent/staff, etc?

Q34. Can there be changes and/or amendment to this offering as it is presently known?

Q1. Where is the Harbour Estate, Mayfair-Lekki?

Ans: It is less than 2km behind Mayfair Garden before Lakowe Bus stop on the popular Lekki – Epe Expressway in Ibeju Lekki LGA of Lagos State.

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

Ans: Mayfair Garden Estate, Adiva Estate, Lokowe Golf Course, e.t.c

Q3. Who is the developer of The Harbour Estate, Mayfair-Lekki?

Ans: Realty Point Limited.

Q4. Can the payment be made in installments?

Ans: Payment per plot can be made as follows: Installment at N10m; N2m initial deposit and N200, 000 per month for 40months.

Q5. What is the size of residential plot?

Ans: Approximately between 600sqm and 648sqm

Q6. Is there any encumbrance on the land?

Ans: The land is free from every known government acquisition and no adverse claimant

Q7. What types of infrastructure will the developer provide?

Ans: Perimeter pole fencing, motorable road, transformer(s), connection to the national grid, electric poles, strings, drainage and water.

Q8. What other payments do I make apart from the payment for the land?

Ans: The payment for land covers: land, provision of stated infrastructure, as well as Omo-onile pre-agreed customary fees/charges as a protection of our subscribers from their possible antics. NOTE: The payment does not include the following which shall become payable as indicated: Individual plot Survey and Documentation (N650,000, but subject to review) Perfection of the Deed of Assignment; when the subscriber decides to perfect title with appropriate State Government Authority Annual Estate Service & Maintenance fee; this becomes payable 12months after physical allocation of plot to subscriber. Plot Maintenance Fee (N1,000). 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.

Q9. When will my (plots) be allocated to me?

Ans: On paper by way of letter allocation will be done immediately full payment is made. However, physical allocation shall be done between 2 to 3 months after the final payment for plot, survey & documentation to allow for time required to do the survey, documentation, etc.

Q10. Can I indicate where I should be allocated within the Estate?

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

Q11. What do I get after completion of payments for the plot?

Ans: Final receipt, Congratulatory & Allocation letter acknowledging completion of payment for plot and stating plot allotted.

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.

Q13. What title would I get eventually?

Ans: Deed of Assignment

Q14. What about Omo-oniles?

Ans: You will not have any nexus with omo-oniles. No omo-onile wahala. We face that on your behalf.

Q15. What other value added service(s) is Realty Point Limited (RPL) set to provide for subscribers into the estate?

Ans: RPL shall be on the site for a period of 2-4years to allocate and set up the initial Landlord Association starting from September 2013 unto August 2017 at the most after which the Estate shall be handed over to the Landlord & Resident Association in its entirety.

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.

Q17. What happens if I cannot complete payment or default in the payment of the monthly subscription?

Ans: You will qualify for a refund of total money paid less 30% as administrative expenses subject to resale.

Q18. Can I pay a deposit and pay balance anytime within the duration of tenure?

Ans: After the payment of the initial deposit you are expected to pay the balance monthly at least. None payment monthly as at when due will be treated as fundamental breach of contract which can result to termination or revocation of contract.

Q19. Does Realty Point Limited charge interest on the balance of payment?

Ans: No, the transaction is interest free once stated payment schedule is adhered to

Q20. Can I start construction or building on the land now?

Ans: You can start building on the land immediately after physical allocation.

Q21. Is the road to the estate good and motorable even during raining season?

Ans: Yes the roads to the estates are good and motorable all season.

Q22. Is there any restriction as to the type of structure I can build?

Ans: Yes, you are limited to building residential houses only and such must be as approved by relevant Government Authorities/Agencies. However, building of tenement house type (popularly known as “FACE ME I FACE YOU”) is not permitted.

Q23. Is there any time limit to commence work on my land after allocation?

Ans: You are encouraged to start work immediately after the physical allocation of your plot.

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.

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.

Q26. What is the sequence of event in this transaction?

Ans: i) Payment for land ii) Congratulatory & Allocation by letter iii) Payment for Survey and Documentation iv) Physical allocation and induction into Landlord Association.

Q27. What is the relationship between RPL and Prime Exchange Limited?

Ans: RPL is the developer as earlier said while Prime Exchange Limited is the sole authorized sales agent for The Harbour Estate, Mayfair-Lekki. The sales of The Harbour Estate cannot be done by any other person other than sub-agents of Prime Exchange Limited and/or RPL staff.

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

Q29. Which of PRIME EXCHANGE LIMITED’s Bank account(s) is (are) designated for this project?

Ans. GTBank Plc, Account Name: Realty Point Limited A/C Number: 000754781

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.

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.

Q32: Does RPL have planned programme of work for this project?

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.

Q34. How do I contact RPL and/or Prime Exchange Limited if need be?

Ans: A. To reach RPL Call our customer service desk 08059899724/09095722 635 E-mail: customerservice@realtypointltd.com B. To reach RISA Call our customer service desk 0805 9899 724 / 0909 5722 635 E-mail: info@realtypointltd.com

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

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.

Q3. What is the size of each plot in the layout scheme?

Approximately 500 square metres per plot (100 ft by 50ft), except otherwise stated.

Q4: What is the price per plot for residential and commercial plots respectively?

Irepodun Layout Scheme, (500sqm approximately or otherwise stated) Prices for either residential or commercial plots are as determined and communicated from time to time

Q5. Is there any encumbrance on the landed properties?

We ensure that the landed properties are free from every known government acquisition and no adverse claimant.

Q6. What types of infrastructure will the developer provide?

RPL shall open up the road network within the layout and ensure where possible that National Power Grid is brought to the front of the Layout Scheme.

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.

Q8. What is Community Development Association (CDA)?

CDA is a voluntary long-term standing body set up to assist in the upkeep and development of the Layout Scheme. Every Buyer/Allottee/Resident within the Layout Scheme by buying into and/or accepting allocation of plot(s) or residing within the Layout Scheme hereby agrees to be a member of the CDA, a membership that cannot be separated from the purchase/ownership of plot(s) and/or residence in the Layout Scheme.

Q9. How will the Layout Scheme CDA be constituted?

The founding members shall be the first 5 allotees in the Layout Scheme who take possession of their land within required timeframe and discharge their responsibilities within the layout Scheme and to the Developer without drag, delay or discord. The CDA shall be constituted in a meeting to be called by the Developer once there are up to five(5) alloteess. Deleibration at that inaugural meeting and subsequent meeting of the CDA as spelt out in the CDA’s constitution shall be binding on all allottee/plot owners within the layout Scheme.

Q10. How much do I pay for Development Levy?

The developer is not charging subscribers for Development Levy. The CDA will do that at the appropriate time and communicate to subscribers and allottees as required from time to time. The developer shall be available to offer guidance when and if required. Note however that all customary fees (e.g Family receipt, Job Card & security, foundation, decking and roofing fees) payable on land shall be payable in this case. Payments shall be coordinated by RPL and her agents on the site and there shall be no nexus with Omo Onile to prevent any Omo Onile wahala for subscribers and allottees.

Q11. How will increase in price affect subscribers?

Increase in price will not affect existing subscribers in any way except if/when they fail to keep up with existing terms of payment or want to subscribe for additional plot(s) after price change increased.

Q12. What other payments do I make apart from the payment for the land?

Other payments to be made before a subscriber can be allocated are; Legal Documentation Fee Survey Fee Family receipt fee, Job Card and all other Customary fees CDA Development/infrastructure fee as may be decided by the CDA Kindly note that the fees stated above shall be as fixed from time to time.

Q13. When will my plot(s) be allocated to me?

Paper Allocation and thereafter site physical allocation will be done immediately all the payments in Q12 i – iii are made. Physical allocation will be done in batches; subscribers will be notified. However, note that possession and occupation of the plot(s) shall be deemed to have commenced from the date fixed for handover and all risks and benefits in respect of the property shall pass to the purchaser.

Q14. Can I indicate where I should be allocated within the Estate?

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.

Q15. Can I start construction or building on the land now?

Yes, you are in fact required to take physical possession of your land within 3months of allocation by way of at least erecting a perimeter fence of not less than 9coaches of 6”/9” sandcrete block and putting a Gate failing which the land can be reallocated to a more ready subscriber and you will be re-allocated when ready and we still have plot(s) to be allocated in the scheme or you are relocated plot at another scheme at the company’s discretion or refunded your payment less administrative charges. Note that re-allocation may attract extra charges.

Q16. Can RPL build for clients?

Yes, RPL is very willing and positioned to construct for clients. We would be your preferred construction 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 for any client. Also, RPL is your best source for quality building materials for your construction activities.

Q17. What do I get after completion of payments for the land?

Deed of Contract (when you are paying in instalments), Company receipt(s) for each payment and Congratulatory/provisional Allocation Letter.

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

Contract of Sale between us and the land owning family/seller, Irrevocable Power of Attorney from the original land owning family/seller Deed f Assignment(s) Land Information Certificate on part of the land to show it is free and unencumbered

Q19. What about Omo-oniles?

You will coordinate the omo-oniles end and you should not have any omo-onile wahala. We already pre-arrange and shall mediate between our buyers and omo-oniles on all issues of customary payments to them to protect our buyers.

Q20. What other value added service(s) is Realty Point Limited (RPL) set to provide for subscribers into the estate?

RPL shall manage the Layout Scheme site for up to a maximum period of 3years starting from August 2023. Thereafter, the CDA as will be constituted shall take over the administration of the Layout Scheme.

Q21. What title would I get eventually?

Once paid for after payment for plot, every buyer shall get registered survey, Deed of Assignment and family receipt. RPL shall also assist all buyers to process their Certificate of Occupancy from relevant Government Authorities for a fee.

Q22. What happens if I cannot complete payment or default in the payment of the monthly subscription?

Any payment default puts you at the risk of revocation from this layout Scheme subscription and re-allocation to any other available Layout Scheme considered at par at the instance of the Developer or refund of what you have paid less appropriate charges. 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 40% administrative charge in the least. This is because the project is patterned after joint ventures. Kindly note also that these charges are subject to review.

Q23. Can I pay a deposit and pay balance anytime within the duration of tenure chosen (e.g. 2, 3, 6, etc)?

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 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.

Q24. Does Realty Point Limited charge interest on the balance of payment?

No, the transaction is interest free for active subscriptions that are within the agreed term.

Q25. Is there any restriction as to the type of building I can have?

Not really, anything approve-able by the Government can be built except otherwise determined by the CDA.

Q26. Is there any time limit to commence work on my land after allocation?

Yes. The Layout Scheme is designed such that allotees have to take possession of their plots within not more than 3months of the allocation, otherwise, unpossessed lands after 3months of allocation stand revoked and shall be re-allocated. RPL does not plan to remain on the Layout Scheme as the Administrator beyond the initial intension. Possession for this purpose is defined as at least an 8” – 9” coaches of sandcrete block perimeter fence and gate or commencement of your building construction work. To therefore 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.

Q27. Can I resell my plot/property?

Realty Point Limited can assist buy/allotees who have taken possession of their plot(s) as required 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.

Q28. What is the process for the transfer (or change of name) of ownership of the property?

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 (plot) has been made and/or plot has been allocated and possessed earlier by the intending seller. Both intending seller and buyer have to complete our Property Unit Transfer Form after which necessary documentation shall be issued to the new owner (intending buyer). Plot ownership verification, an exercise which should take place in writing and in our office by the new buyer if he so desires with the consent of the intending seller attracts a fee. A non-refundable Transfer Fee (reviewable from time to time) per unit is payable before the Property Transfer Form can be treated.

Q29. What is the sequence of event in this transaction?

i)Payment of land ii)Payment for family receipt, Job card & all other customary fees iii) Congratulatory letter and provisional allocation of land iv)Payment for registered survey and Deed of Assignment v) Physical allocation of land vi) Payment for the processing of Certificate of Occupancy(optional) All CDA payment shall be as decided by the CDA

Q30. Can I pay cash to your Agent?

While we are not discrediting anybody, we strongly advise that cash should be paid to REALTY POINT LIMITED designated bank accounts. Otherwise, cheques should be issued in favour of REALTY POINT LIMITED only. The management of REALTY POINT LIMITED accepts no responsibility for any liability that may arise as a result of deviation from the above instruction.

Q31. Which of RPL’s Bank account(s) is (are) designated for this project?

Fidelity Bank Plc Account Name: Realty Point Limited, Account Number: 5620153227

Q32. Any other thing to note when making payments into the Bank?

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 through your Agent or to our Customer Service WhatsApp number +2348059899724.

Q33. How can I see the place?

We conduct site inspections regularly and you can book an inspection through your Agent or by calling the Customer Service line +2348059899724.

Q34. Can there be changes and/or amendment to this offering as it is presently known?

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), WhatsApp chat/Voice notes, 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. Thank you.

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

Igbeyinadun Layout Schemes are Land-Banking Plot Sub-division developments by REALTY POINT LIMITED (RPL). They are projects conceptualised to enable subscribers bank their money on land so as to better store/preserve the value of money over a long term. Subscribers to these schemes will be living the age old sayings that “the best investment on Earth is Earth” and “you do not wait to buy land, you buy land and wait”. The fact that land has been identified as one of the best stores of value. We believe what the former USA President; Franklin D Roosevelt said, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” And Igbeyinadun Layout Schemes are our own way of making this possible for middle and low income earners. 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 Igbeyinadun Layout Scheme, Ofada – Kobape

Q2. Where can Igbeyinadun Layout Schemes be found?

We strategically pick locations all across the Country where there is good development potential realizable in the future for our participating subscribers/buyers to take advantage of. Specific locations are as stated in the marketing materials and as buyers fill out on their application forms

Q3. What is the size of each plot in the layout scheme?

Approximately 500 square metres per plot (100 ft by 50ft), except otherwise stated.

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Where Are the Prime Estate bungalows?

. How many housing units are being proposed by the developer?

Where are the Estates located?

What are the various types of Housing units you propose to build?

Who is/are the developers of the housing units?

What are the prices of the various housing units?

What are the payment options?

Can the initial down payment be done in installments and how?

. What documents do I have on subscription if I am paying the Initial deposit in installments?

What documents do I have upon completion of the initial deposit?

. What happens if I miss a month or two payments?

Are there other payments, charges or fees apart from the payment for the housing units?

When do I make these other payments?

When is the completion date of the bungalows for the various installments?

Q15. What is the process for the transfer (or change of name) of ownership of the property?

Q 1. Where is Roseberry Estate, Ibeju-Lekki (IGBEYIN ADUN & OKODUBERU VILLAGE EXCISIONS)?

Q2. Facts about the immediate environment of the Estate;

. What type of finishing are we expecting?

Q3. What are the names of other estates, resorts, institutions and industries around Roseberry Estate, Ibeju Lekki?

Can I amend my structures after taking possession?

Q4: Who is the developer of Roseberry Estate Ibeju-Lekki?

Q20. If unable to continue, how and when can I have a refund?

. How will I know if my property is ready?

Q5. What is the price per plot for residential and commercial plots respectively?

Q6. What is the size of the residential plot?

Q7. Is there any encumbrance on the landed properties?

Can RPL manage my property for me?

Q8. What types of infrastructure will the developer provide?

Q9. What infrastructure will the developer not provide with the purchase price?

Will a price review affect subscribers?

Q10. How will these other infrastructures be provided?

Q11. How much will buyers of plots that are not serviced pay for Development Levy?

What is the mode of payment accepted by Realty Point Ltd?

Q12. How will infrastructure provided within the Estate be maintained?

Q13. How will increase in price affect subscribers?

Can I use my private developers to execute the project?

Q14.What other payments do I make apart from the payment for the land?

What documents will Realty Point Ltd give on completion of payment?

Q15. When will my plot(s) be allocated to me?

Q16. Can I indicate where I should be allocated within the Estate?

How do I start?

Q17. Can I start construction or building on the land now?

What do I get on the Handover Day?

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

Can I resell my bungalow?

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

What other financing arrangements do you have for buyers, other than the installment payment?

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

Q21. What about Omo-oniles?

Are the housing units strictly for residential purpose or can be used for commercial purpose?

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

. What infrastructures am I entitled to?

Can I pay to your agent/staff, etc?

Q23. What title would I get eventually?

. Can there be changes and/or amendment to this offering as it is presently known?

Q24. What happens if I cannot complete payment or default in the payment of the monthly subscription?

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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)?

Can RPL build for clients?

Q26. Does Realty Point Limited charge interest on the balance of payment?

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

Q1. Where are Prime Estates?

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

Q28. Is there any restriction as to the type of building I can have?

Q3. Who is the developer of Prime Estates?

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

Q4. What is the price per plot for residential and commercial plots respectively?

Q30. Can I resell my plot/property?

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

Q32. What is the process for the transfer (or change of name) of ownership of the property?

Q33. Can I pay to your agent/staff, etc?

Q34. Can there be changes and/or amendment to this offering as it is presently known?

Q5. What is the size of residential/commercial plot?

Q6. Any special infrastructure?

Q7. Is there any encumbrance on the landed properties?

Q8. What types of infrastructure will the developer provide?

Q9. What infrastructure will the developer not provide with the purchase price?

Q10. How will increase in price affect subscribers?