Question: WHERE IS ADEOLA GARDENS LOCATED?
Answer: Abule agbon/ Abule Ibamo, Apakin Ibeju-Lekki LGA
Question: WHAT IS THE TITLE OF THE LAND?
Answer: Presently, we have a deed and survey plan but the estate shall be covered by a Global C of O.
Question: ARE THERE ANY ENCUMBRANCES ON THE LAND?
Answer: The Land is free from any form of encumbrance
Question: WHAT IS THE PAYMENT STRUCTURE?
Answer: Outright payment: ? 1,350,000.
(Outright payment attracts; Two solar panels, one inverter 1kva and one battery)
Flexible payment plan of;
6 months: (? 1,350,000)
- 50% Upfront ? 675,000
- Monthly Payment: ?112,500.
(payment within 6 months attracts; An inverter 1kva and one Battery)
12 Months: (? 1,485,000)
- 40% Upfront: ? 594,000
- Monthly Payment: ? 74,250
(Payments within 12 months attracts; An inverter 1 Kva)
24 Months: (? 1,782,000)
- 30% Upfront: ? 534,600
- Monthly Payment: ? 51,975
- Legal Fee: 50,000
- Survey Fee: 500,000
- Developmental Fee: to be determined.
Question: WHAT IS THE SIZE OF THE PLOT?
Question: WHAT OTHER PAYMENTS DO I MAKE APART FROM PAYMENT OF THE LAND?
Survey Fee - ? 500, 000
Deed of Assignment Fee - ? 50, 000
Developmental Levy will be communicated later
Question: WHEN DO I MAKE THE OTHER PAYMENTS
Answer: (a) Survey and Deed of Assignment is expected to be paid before physical allocation.
(b) Developmental Levy will be determined later.
Question: WHAT DO I GET AFTER INITIAL PAYMENT FOR THE LAND?
Answer: A letter of acknowledgment, receipt and receipt
Question: IS THE ROAD TO THE ESTATE MOTOR ABLE?
Answer: not for now but its accessible.
Question: WHAT TYPE OF INFRASTRUCTURE WILL THE DEVELOPER PROVIDE? Answer: Perimeter Fencing, Electricity, R o a d Network, Water, Security, Drainage.
Question: WHAT WILL THE PLOTS OF LAND BE ALLOCATED?
Answer: March 2018.
Question: WHAT DO I GET AFTER COMPLETION OF PAYMENT FOR THE LAND?
Answer: Receipt, Allocation Letter, Deed of Assignment and Contract of Sale.
Question: CAN I START CONSTRUCTION OF BUILDING IMMEDIATELY?
Answer: You can start construction once physical allocation has been made.
Question: IS THERE ANY TIME LIMIT TO COMMENCE WORK ON MY LAND AFTER ALLOCATION?
Answer: No, there is no time limit to commence work on your plot(s) after allocation.
Question: IS THERE ANY RESTRICTIONS R E G A R D I N G THE TYPE OF BUILDING I CAN CONSTRUCT IN THE ESTATE?
Answer: yes, the estate layout is in sections and you are limited to build houses on each section based on the designated use or plan for that section i.e. bungalow, blocks of flats, detached houses (duplex). All building designs must conform to the required set back of building control of the estate and such design would be approved by the company and LSG afterwards.
Question: CAN I RESELL MY PLOT/ PROPERTY?
Answer: Yes, a subscriber who has paid up on their land can RESELL their plot but can only do so with the consent of the company.
Question: CAN I PAY CASH TO YOUR AGENT?
Question: IS THERE ANY TIME LIMIT TO COMMENCE WORK ON MY PLOT AFTER ALLOCATION?
Answer: No, there is no limit
Question: WHAT HAPPENS IF I CANNOT CONTINUE WITH THE PAYMENT? CAN I GET A REFUND?
Answer: Yes, you can apply for refund only if you have not been allotted your plot(s). In the event of refund, you are required to give the company 90 days’ notice to process your refund and further 60 days if the process isn’t complete
after the 90 days. The refund shall be processed and paid 30% less (Administrative fee and others)
Question: CAN I HAVE A SURVEY COVER FOR MORE THAN ONE (1) PLOT? Answer: Yes.
THEREFORE, THE INFORMATION PROVIDED, FAQ AND TERMS HEREWITH IS ACCEPTABLE AND CONSENTED BY ME. I ACKNOWLEDGE RECEIVING A COPY OF IT.
Subscriber’s name …………………………………………………………… Signature …………………………… Date: ………………………………
Note: All Subscribers to Adeola Gardens are to ensure that development upon the land purchased commences within a period of six months from the time at which Plot Numbers were allocated.
Defaulters who fall short of the aforementioned warning run a risk of being relocated to a Plot different from that which they were earlier on allocated.
This is in order to maintain the uniformity of the estate and ensure that the scenic value of the estate is up to par, thus encouraging the fast-paced growth of the estate.