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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.
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.
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.
No, the transaction is interest free for active subscriptions that are within the agreed term.
Not really, anything approve-able by the Government can be built except otherwise determined by the CDA.
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.
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.
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.
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
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.
Fidelity Bank Plc Account Name: Realty Point Limited, Account Number: 5620153227
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.
We conduct site inspections regularly and you can book an inspection through your Agent or by calling the Customer Service line +2348059899724.
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.
