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| Frequently Asked Question's |
| Where is the estate (Lekky County Homes/Carlton Gate Estate)? Lekki, Opposite IKOTA PRIMARY SCHOOL, which is after OLUWANISOLA ESTATE Cartlon Gates Estate, Chevron Drive Lekki, Nigeria What are the payment option plans available to buyers? a--- Full Payment (which attracts a discount) b--- Mortage Facility(Subjects to Status) Lender is required to disburse 70% as bulk Payment after the client has paid the 30% as committment fee to effect a firm order. c--- 30% of the sale price as a committment fee to effect a firm order. d--- Next Payment of 35% after 3 months from the date your committment fee is paid. e--- The balance of 35% to be paid at the roofing/delivery stage. (We will not provide a bond for this option as payment is made subject to inspection. If I make the 100% commitment will there be any discount? No, because the houses are priced at a discounted value. Can this structured payment be extended beyond the construction period of 12 months? No Will there be interest element If the Buyer defaults on payment plan? Yes this attracts 2% flat/month What happens if I cannot continue with the payment plan? Your deposit will be refunded without interest. An Administrative FEE of 2.5% will be deducted. Can I transfer this property or sell it during the construction period? No, Title cannot be transferred until full payment is made. If I want to withdraw from the scheme how do I get my refund? Simply apply for the refund through the managing Director. Can I arrange my own independent mortgage? Yes What are the areas of land occupied by these structures? Terrace/ Town house 4 in 1_________Approximately 250m2 Terrace 3/Town house in 1_________Approximately 300m2 Semi-detach_____Approximately 350m2 Fully detach______Approximately 600m2 What type of finishing are we expecting when the house is completed? 1. Aluminum windows 2. Aluminum roofing sheets 3. PVC ship ceiling 4. Steel front door 5. Ceramic floor tiles 6. Flush doors 7. Paved Driveways 8. Wardrobes 9. Burglary proofing. Are the apartments/buildings going to be fenced? Terrace Apartment - No fence Semi-Detached duplex - Dwarf fence Fully Detached –Low fence of about 1meter Why am I paying extra for the corner unit? Because of the extra land around the corner unit. When is the estate (Lekky County) going to be ready for occupation? December, 2008 What are the types of infrastructure expected in the estates? Transformers Street lights Road drains & walkways Telecommunication Borehole with water treatment plant Gardening and Landscaping Do I need to bring in my on generator, Sink borehole or arrange my own sewage system? Generator – No Borehole - No Sewage system - No Is the road from the express to the estate going to be worked on? No What is the security arrangement for the estate? Electronic security and Patrol security men 24/7 Can I make any alteration to my building before and after construction? External alteration –No Internal – Yes, with the permission of the estate Management/company Is there going to be a recreation park within the estate? Yes How is the estate going to be managed? An Estate management company will be put in place to manage the estate. What is the annual service? =N= 150,000.00 Is there any C of O to the estate? Yes What is the type of title that will be given to me? Deed of assignment. Or on their OWN What is the relationship between Mayfair and Lekky County Homes/Megamound Investment? Megamound Investment Ltd is the developer of Lekky County Homes Estate on the land acquired in the name of Mayfair Building society. Do I need a Governor’s consent on the Deed of assignment? Yes. How do I go about the Governor’s Consent? This can be processed through the Developers. Megamound Investment Ltd. There is a deed of restriction guiding this and it is expected to be Adhered to. If I buy a plot of land, do I need to build to your specification? You can build to your taste but the structure must conform to the rules and Regulations in the estate. Is there any guide line for construction in the estate? Yes, this is contained in the approval order that will be given as soon as there is contractual agreement. How do I process my building plan? This can be processed through Megamound Investment Ltd What other project do you have? Carlton Gate Estate, King’s Court, RiverValley Estate, Nicon Town Estate, Akodo Estate |
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