Introducing our favourite estate, OAKWOOD GARDENS PHASE ONE IN IBEJU LEKKI from DUPSON PROPERTIES with the following details:


Q. WHERE IS OAKWOOD GARDENS PHASE 1?
A. Oakwood Gardens is situated in Lakowe, by Lakowe Golf Course, off Lekki- Epe expressway.

Q. WHAT TYPE OF TITLE DOES OAKWOOD GARDENS PHASE 1 HAS ON THE LAND?
A. Deed of Assignment with Land Owners, Governor Consent and Registered Survey plan approved by Lagos State Government.

Q. ARE THERE ANY ENCUMBRANCES ON THE LAND?
A. The land is free from every known government acquisition or interest and adverse claims.

Q. WHAT IS THE PAYMENT STRUCTURE? (Outright and Instalment Payment)
A. (a) Payment of #450,000 monthly instalment for 30 months for 675sqm and #600,000 monthly installment for 30 months for 900sqm.
(b) Outright payment attract 10% discount
(c) Commercial plots Attract additional 10% of land cost
(d) Corner piece plots Attract additional 10% of land cost
(e) 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.

Q. WHAT IS THE SIZE OF THE PLOT?
A. 675sqm and 900sqm

Q. IS THE ROAD TO THE ESTATE MOTORABLE?
A.Yes the road to the estate is motor able.

Q. WHAT OTHER PAYMENTS DO I MAKE APART FROM THE PAYMENT FOR THE LAND?
(a) Legal Fee: N50,000. ( Subject to review)
(b) Survey plan Fee: N 200,000 only per plot (subject to review)
(c) Development Fee: N50,000 (subject to review)
(d) Plot demarcation: N20,000 only per plot (Subject to review)

Q. WHEN DO I MAKE THE OTHER PAYMENTS?
A. (i) Survey Plan is N200,000 (per Plot), (ii)The Deed of Assignment and Development Levy will be determined later. (iii)Plot Demarcation is N20,000 per plot after payment for land and before Physical Allocation of plot.

Q. WHAT DO I GET AFTER THE INITIAL DEPOSIT?
A. Starters pack comprising a letter of acknowledgement of subscription, receipts of payment.

Q. WHAT DO I GET AFTER COMPLETING PAYMENT FOR THE LAND?
A. (a) Completion Payment Receipt, Contract of Sales & Allocation Notification Letter (a) Deed of Assignment & Survey Plan after Physical Allocation is done.

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 development levy.

Q. IS THERE ANY RESTRICTION REGARDING THE TYPE OF BUILDING I CAN CONSTRUCT IN THE ESTATE?
A. 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

Q. CAN I RE-SELL MY PLOT/PROPERTY?
A. Yes a subscriber who have paid up on their land can re-sell their plot(s).
B. A Charge of 10% of the land consideration (Covering Transfer Documentation Fee shall be paid to the Company by the buyer.

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 40% administrative expenses

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