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
