Q. Who is the
developer of these estates?
A.
Folkland Property Development Company (FPDC)
Q. What
types of infrastructure will the developer provide?
A.
Perimeter fencing, Earth road, Gate house, Generator or Solar to power the
street lights
Q. Would
there be any development and service charge to be paid?
A.
Yes, to be determined later.
Q. Would there be any survey fee?
A.
Yes, there will be a total sum of N100,000. For Survey and Documentation of
plot purchased.
Q. When will my (plots) be allocated to me?
A.
Immediately after the 100% payment for the land is made.
Q. What do I get after completion of payments
for the land?
A.
Receipt, letter of allocation and contract of sales.
Q. What type of title do you have on these
lands?
A.
Irrevocable power of Attorney to execute sale, Deed of Agreement with Land
Owners and Lagos State Government Approved Survey Plan. The Gazette is in
process.
Q. Can I pay a deposit and pay balance
anytime within the duration of tenure chosen?
A.
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.
Q. Can I start construction or building on
the land now?
A.
You can start building on the land after physical allocation and payment of the
stipulated Survey fee and development levy.
Q. Are the roads to the Estates motorable?
A.
Yes, the roads to the Estates are motorable.
Q. Is there any time limit to commence work
on my land after allocation?
A. No.
Q. What is the size of the plot?
A.
60 ft. X 120 ft.
Q. What happens if I cannot continue with the
payment? Can I get a refund?
A.
Yes, Ninety (90) days notice has to be given by the purchaser for the vendor to
process the refund. If
at the end of the notice the refund is not ready,
another Sixty (60) days shall be given to the Vendor,
after which the purchaser
shall get the refund of total money paid less 20% administrative expenses, cost
of COT and 10% Agency fee if introduced by any of our independent marketers
