BUY NOW
TERMS AND CONDITIONS OF PURCHASE
TEHILLA GARDENS PHASE 2 OWERRI is an undeveloped
parcel of land situated along Aba-Owerri Road at Ngo-okpala Community – Owerri
North LGA,
Owerri, Imo Stat
e.THE OWNERS/ DEVELOPER OF TEHILLA GARDENS PHASE 2 OWERRI?
A. PWAN HOMES LTD, a Leading Real Estate Company and
Folkland Property Development Company (FPDC), a leading player in the
Construction sector
of the economy with offices in Lekki, Lagos State
and Owerri Imo state.
THE TYPE OF TITLE TEHILLA GARDENS PHASE 2 OWERRI HAVE ON THE LAND?
A. Registered Power of Attorney from the customary
owners, Registered Survey Plan and Contract of sale between PWAN HOMES and
Attorney
Holders.
NO ENCUMBRANCES ON THE LAND
The land is free from every known government
acquisition or interest and adverse claims.
THE PAYMENT STRUCTURE
A. (a) Payment of the sum of N150,000 only per plot
on 12months instalment for 464sqm & N75,000 only per plot on 12months
instalment for
232sqm.
(b) Outright payment N1,620,000per plot (10%
discount) for 464sqm & N810,000 per plot for 232sqm
(c) N.B :- Non-payment of the monthly instalments as
at when due shall be treated as a fundamental breach of the contract which will
result in
termination or revocation of the contract/OR attract
default charge of 10% of the month payment
PURCHASE NOW
THE SIZE OF THE PLOT
464sqm And 232sqm (50ft by 100ft And 50ft by 50ft)
THE ROAD TO THE ESTATE IS MOTORABLE?
Yes the road to the estate is motor able.
OTHER PAYMENTS TO MAKE APART FROM THE PAYMENT FOR THE LAND
(a) Deed of Assignment: N100,000 only per plot for
464sqm & N100,000 only per plot for 232sqm. ( Subject to review)
(b) Survey Fee: N 120,000 only per plot for 464sqm
& 232sqm. (subject to review) Survey plan with Company’s name attract
double charges
(c) Corner Plot demarcation: N50,000 only per plot
(Subject to review)
(d) Development Fee: This payment would be demanded
at a later date from all subscribers when it is determined. This would be
utilized to build
portable roads within the estate, Central water
distribution system, Standard Gutters, Transformers, and Electric Poles to
various plots. This will be
determined and communicated later to all subscribers
in the scheme
WHEN DO I MAKE THE OTHER PAYMENTS?
A. (i) Deed of Assignment, Provisional Survey Fee
and Corner Plot demarcation payment can be made immediately.
(ii) Development Fee will be determined and
communicated later.
WHAT DO I GET AFTER THE INITIAL DEPOSIT?
Starters pack comprising a letter of acknowledgement
of subscription, receipts of payment.
BUY NOW
WHAT DO I GET AFTER COMPLETING PAYMENT FOR THE LAND?
(a) Completion Payment Receipt, Contract of Sales
& Allocation Notification Letter (a) Deed of Assignment & Survey Plan
after Physical Allocation is
done.
CAN I START CONSTRUCTION OR BUILDING ON THE LAND NOW?
You can start building on the land after Physical
Allocation, while Fencing will be done in the 2nd year and Other
Infrastructures will commence the 3rd
year.
ANY RESTRICTION REGARDING THE TYPE OF BUILDING I CAN CONSTRUCT IN THE ESTATE?
Yes. The estate layout is in sections and you are
limited to build houses on each section based on designated use or plan for
that section (Commercial or
Residential) i.e Bungalow, Block of Flats, detached
houses (duplex). Note “Face-me-I –Face – you” (Tenement Building) and high rise
houses will not be
permitted. All building design must conform to the
required set back of building control of the estate and such design would be
approved by the company and with LSG afterwards.
PURCHASE NOW
CAN I RE-SELL MY PLOT/PROPERTY?
Yes subscribers who have paid up on their land can
re-sell their plot(s). PWAN HOMES would require the seller to furnish the
company with details of
the buyer
B. Charge of 10% of the land consideration (Covering
Transfer Documentation Fee shall be paid to the Company by the buyer.
CAN I PAY CASH TO YOUR AGENT?
A. We strongly advise that cash payments should ONLY
be made to PWAN HOMES LTD at its designated Banks. Otherwise, cheque(s) should
be issued in
favour of PWAN HOMES Ltd. We shall not accept any
responsibility for any liability that may arise as a result of a deviation from
the above instruction.
WHAT HAPPENS IF I CANNOT CONTINUE WITH MY PAYMENT?
CAN I REQUEST FOR A REFUND?
Yes, you can apply for refund only if you have not
been allocated your plot(s). In the event of a Refund, you are required to give
the Company Ninety
(90) days notice to process your refund request and
a further Sixty (60) days if the process isn’t completed after the first 90
days. The refund shall be
processed and paid less 40% (Administrative Fee and
Others).
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