Answers buyers ask before they commit.

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.