Answers buyers ask before they commit.

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

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

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

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

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.