Faqs

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 ...

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

Ans: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.

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.

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..

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

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

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

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.

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

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

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.

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

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.

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.

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.

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

Ans: a) Payment for land b) Payment for documentation c) Payment for Survey d) Payment for Development Levy as may be stipulated from time to time e) Allocation plot size reconciliation, plot maintenance fee and account settlement f) Allocation by letter g) Payment of all other fees payable (if any), physical allocation and induction into the CDA. h) Issuance of the Deed of Assignment upon confirmation of the receipt of all payables. Payment for Plot Maintenance Fee will commence 12months after payment for Land (a) and continue till the subscriber makes the rest of the payments (b) to (h).

For very good ROI, we usually advocate an investment tenure range of between 7 – 10years. The estate at the primary market stage is regarded as a very good investment and not necessarily a place you want to build and stay presently except your current activity points already revolve around the area. That said, by our own estimation properties within Roseberry Estate Ibeju-Lekki may increase in value to as much as 100% in 18 – 24months (starting with an initial promo price of N2,950,000 per plot). We have based this expectation on the nearness to growth poles and infrastructural activities like the new Lekki Free Trade Zone, The new Sea Port, the new airport, Lekki-Epe Expressway, etc. Note however that this is just an estimate; every potential investor shall be responsible for their investment decision and should seek professional counsel before taking a decision. But if we were you, we will take a position in the New Ibeju-Lekki. Don’t wait to buy land, buy land and wait!

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. The management of REALTY POINT LIMITED accepts no responsibility for any liability that may arise as a result of deviation from the above instruction. Investment in this Estate after the payment of the initial deposit is primarily by standing order to designated banks, issuance of post-dated cheques or signing of a payment commitment form.

Ans: GTBank Account Name: RealtyPointLimited Account Number: 0007754736 or RPL-Roseberry 0053140015, Zenith Bank Plc Account Name: RealtyPointLimited Account Number: 1011386356

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. When setting up your standing order, ensure the narration contains your Name as it is on the Plot Application Form and name of the Project (Estate) One more very important thing please; Also, we expect that you will send in your payment details via any of the following ways: I. Scan the deposit slip you paid within the bank to info@realtypointltd.com / your agent’s email address OR II. Send your copy of the deposit slip to our office You will get notified as soon as we credit your Roseberry Estate, Ibeju-Lekki land subscription account with us.

Ans: We conduct site inspections periodically (except on Environmental Sanitation Saturdays) and we leave from: 1. Our Head Office: REALTY PLACE; 3 Olaide Benson Street, Onigbongbo Maryland, Lagos. By 8:30 am 2. Date, time and take off point can also be arranged at your convenience. You can book for inspection or confirm the movement schedule from your Agent or our Office 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.

We do not envisage any change that may be adverse to this project or the way it is presently constituted, however the real estate industry just like most others is a dynamic industry and as such change most especially for the better may occur. 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 and therefore binding on the CLIENT having been sent by REALTY POINT LIMITED

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.

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.

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)  

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.

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

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.

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

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

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

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.

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

Ans: Physical allocation will take place after completion of payment for Land, Documentation, Survey and Development Levy Deposit. 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.

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

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.

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.

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 P.E 1, registered survey & approved layout for P.E 2.

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.

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

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.

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.

No. the transaction is interest free.

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

Ans: Yes the roads to P.E 1 & P.E 2 are tarred, good and motorable during both seasons.

 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.

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.

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).

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

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 estate. 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.

Ans: While we are not discrediting anybody, we strongly advise that cash should be paid to REALTY POINT LIMITED designated bank accounts. Also, PRIME EXCHANGE LTD designated Bank Account can receive funds being the Authorized marketing organization. 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.

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.

N: B: Please note the following among all others as may be communicated from time to time:   Development Levy  Development levy    –             N972,000  Electricity Connection Fee – N 50,000   Service & Maintenance charges  This is for the continuous management of the estate (Service & maintenance) allottes and/or residents Allottees that resides in the Estate N 40,000 annually Allottees with an on-going construction on site N 30,000 annually Allottees with no construction yet on site N 20,000 annually Investors N 24,000 annually (i.e. N 2,000 per month as plot maintenance fee) Kindly note that all these payments shall be enforced by the Estate Managers and community Development Association/body within the Estate.   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 Please let all subscribers ensure the use of the light brown colour roofing sheets on all of their structures for improved aesthetics within the estate and to give a good sense of orderliness which always has a way of impacting on property value/worth.   THANK YOU MANAGEMENT

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.

Ans: Realty Point Limited.

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

Ans: 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.

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

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

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

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

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).

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

Ans: 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.

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

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

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

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

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

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

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

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

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

Ans: After the payment of the initial deposit you are expected to pay the balance monthly. Non-payment monthly as at when due will be treated as fundamental breach of contract which can result to termination or revocation of contract. The developer is not required to put you on notice in this case and this is subject to appropriate deductions.

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

Ans: Yes.

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

Ans: Yes, RPL is very willing and positioned to construct for clients. We would be your preferred construction company/contractor because the fact that we are on ground and have multiple units we will be handling gives us great economy of scale that make our pricing difficult to beat by any outside builder except he will compromise with quality. RPL shall also be your best source for quality building materials for your construction activities.

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

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

Ans: The 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.

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.

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.

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).

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

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

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.

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

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.  

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.

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.

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.

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.

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.

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  

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

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

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  

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

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

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

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.

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

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.

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

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.

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.

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.

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.

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

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.  

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.

No. the transaction is interest free.

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

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

 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.

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.

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).

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

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.

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.

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.  

N: B: Please note the following among all others as may be communicated from time to time: Development Levy Development levy –           N972,000 Electricity Connection Fee – N 50,000 All fees are subject to review according to market dictates   Service & Maintenance charges This is for the continuous management of the estate (Service & maintenance) allottes and/or residents This is now put at N75,000 per annum (N50,000 per plot as Service charge and N25,000 per plot during construction and/or per family dwelling unit after construction for occupied apartments with more than one family dweller on a plot). It becomes payable from 12 months after allocation Kindly note that all these payments shall be enforced by the Estate Managers and community Development Association/body within the Estate.   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 Please let all subscribers ensure the use of the light brown colour roofing sheets on all of their structures for improved aesthetics within the estate and to give a good sense of orderliness which always has a way of impacting on property value/worth.   THANK YOU MANAGEMENT

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

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.

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

Ans: Realty Point Limited

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.

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.

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.

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

Ans:    Payment Acknowledgement Letter Deed of Contract/Reservation Agreement

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.

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).

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

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

Ans:   We recognize that buyers may need to sell their purchase for varying reasons. However, due to the administrative and legal issues required in the proper transfer of these purchases, we would only honour transfers once full payment has been made. Both buyers have to complete our Housing Unit Transfer Form after which title documents and a Purchase Agreement will be issued to the new owner (buyer). A non refundable fee of N100,000 (One Hundred Thousand Naira only) per unit is payable before the necessary transfer documentations can be made. The transfer fee is subject to review.

Ans: It is anticipated that the developer will complete the building between 3 to 6 months after payment of the last installment and all other applicable fees. For Rent-To-Own Option, Realty Point Limited will get the property ready for Purchaser’s occupation or rental under the management of Realty Point Limited within 3-6months after the payment of the initial down payment and the first installment of the 60months installments.

Ans: BUNGALOW SPECIFICATIONS TYPE A: Building Exterior Complete roof installation, UPVC windows, Front & Back security doors, Texcote/Emulsion paint on external rendered wall, Balcony hand railing Building Interior Plastered cement walls, PVC ceiling board, Plastered partition walls, Conduit, wiring and fittings, Water closets in Toilets, Kitchen Zinc , Drainage pipes & fittings, Internal doors (panel/flush) TYPE B: Walls –  External and Internal walls are rendered and painted in Emulsion paint except kitchen, Toilets and Bathrooms. –  Kitchen walls are finished with glazed ceramic tiles up to a height of 2.10m (i.e Floor to door level) –  Visitors’ toilets are finished with glazed ceramic tiles up to a height of 1.50m –  Toilets (with bathrooms) are finished with glazed ceramic tiles to a height of 3.00m (i.e Floor to roof level) Floors –  Sitting, Dinning and Terraces are fully vitrified ceramic floor tiles. –  Toilets and bathrooms are Ceramic floor tiles. –  All rooms are PVC floor tiles. Ceiling –  All ceiling areas are finished with PVC Ceiling stripes. Doors –  Internal doors are quality imported timber panel doors. –  External doors are quality imported iron doors (Buono brand or approved equal) Windows  –  All windows are coated Aluminum casement windows with burglary bars. Fittings & Fixtures  –  Includes Handrails, wardrobes, kitchen cabinets with granite work top. –  All rooms are en-suite

Ans: You can amend internally, but for external amendments, approval must be sought from the estate management firm and relevant government quarters. However, Gate house, Generator house and Perimeter fence are allowed in the following dimensions: The Gate House must be ensuite and not more than 12m2 inclusive of any space for cooking if necessary. –  The generator house should not be more than 4.5ft and 7-10sqm in space. –  Low fence (American fence type) block work height of not more than 1m to the ground. –  BQ structure may be approved for the 3 Bedroom fully detached structure according to RPL’s proto type design and specifications.

Ans:  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.

Ans: Owners will be notified in writing upon completion of the project. However, note that possession and occupation of the bungalow shall be deemed to have commenced from the date fixed for Handover and all risks and benefits in respect of the property shall be passed to the purchaser.

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

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

Ans: Initial down payment and balance to be paid through mortgage for qualified subscribers. – One off payment with applicable discount of 2.5%. – Initial down payment and the balance in equal monthly installments over 24 or 60months

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

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

Ans:  Pick up or download an application form Start making your Initial down payment For clients who qualify for loan, your mortgage processing starts after completion of your down payment and your monthly repayment starts immediately Self financing clients continue to make payment as per their choice.

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

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

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

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

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

Ans:  While we are not discrediting anybody, we strongly advice that cash should be paid to Realty Point Ltd designated bank accounts. Otherwise, cheques should be issued in favour of Realty Point Ltd only. Please note that the management of Realty Point Ltd accepts no responsibility for any liability that may arise as a result of deviation from the above instruction. NOTE: ALL FEES ONCE PAID ARE NON REFUNDABLE.

Ans: 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.

·  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

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.

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

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.

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

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

Ans: No.

Ans: Ratifiable acquisition.

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

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

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

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

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

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

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.

Ans: RPL shall endeavour to broker this deal such that Omo-Oniles will not give the subscribers any problem on the land provided also that subscribers develop their landed property in very good time. We have pre-negotiated the customary fees the Omo-Oniles take on behalf of our customers and are prepared to be the go-between subscribers and the omo-oniles after a subscriber is allocated. Thereafter, we shall help with any omo-onile related issue that may arise but the client will pay for the customary fees as negotiated by us. Subscribers are enjoined to take possession of their allocated plot within 3months after allocation

Ans: You can process your ratification and C of O on the land. From the relevant Government body(ies).

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.  Kindly note also that these charges are subject to review.

Ans: After the payment of the initial deposit you are expected to pay the balance monthly. Non payment monthly as at when due will be treated as fundamental breach of contract which can result to termination or revocation of contract. The developer is not required to put you on notice in this case and this is subject to appropriate deductions.

Ans: No. the transaction is interest free except where a subscriber does not keep to the payment terms

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

Ans: The road to Pakuro Scheme are accessible all season and still improving.

Ans: 3months after allocation an allottee is expected to have started construction work on his/her plot.

Ans: Realty Point Limited may be able to assist in getting a buyer. A charge (agency fee) is deducted from purchase/selling/current price in this case. Note that transfer fee is also payable by either of the parties (seller or buyer). The selling subscriber can, however get an independent agent to handle the re-sell.

Ans: • Payment for land • Payment for Documentation • Payment for Survey • Allocation • Construction

Ans: While we are not discrediting anybody, we strongly advise that cash should be paid to REALTY POINT LIMITED designated bank accounts. Also, PRIME EXCHANGE LTD designated Bank Account can receive funds being the Authorized marketing organization. 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.

Ans:The real estate industry just like most others is a dynamic industry and as such things get to change from time to time most especially for the better. However any change, amendment or modification shall be communicated and endorsed by REALTY POINT LIMITED. Such communication shall be via letters, electronic mails, fax, short message service (SMS), handbill, posters and any other means of communication. This correspondence shall be deemed to have been received by the CLIENT having been sent by REALTY POINT LIMITED

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

Ans: Realty Point Limited.

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

Ans: Approximately between 600sqm and 648sqm

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

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

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.

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.

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.

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

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.

Ans: Deed of Assignment

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

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.

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.

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

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.

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

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

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

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.

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

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.

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.

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

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.

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

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

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.

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.

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.

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