Freedom ESTATE agbara-alapoti
…freedom from rent bondage
TERMS & CONDITION
(FREQUENTLY ASKED QUESTIONS)

1: Where is freedom Estate (F.E)?
Ans: Freedom Estate is located in idobarun village,near Ado-odo town,close to Agbara-alapoti (Igbesa), off Atan Road, off Lagos-Badagry Expressway within about 10minutes drive from Crawford University.

2. What are the names of other estates, institutions and industries around Freedom Estate?
Ans: Ado-odo industrial/residential estate,proposed cargo airport, Ogun State/Chinese Free Trade Zone, Agbara Industrial & Residential Estates, Opic Estate, Multinational Companies (e.g Smithclime Beecham, Lever Brothers, Nestle, Vitamalt, e.t.c) Crawford University, Gateway Polytechnic, Covenant University, Ronik Polytechnic Permanent Site, Vitamalt Staff Co-operative Estate,queensland estate,roseberry estate,Sidben hotel etc

3. Who is the developer of Freedom Estate?
Cornell Realtors Limited is a duly registered estate development company

4: What is the price per plot for residential and commercial plots respectively?
Outright payment - N500,000
option 1-N150,000 downpayment and N32,000 monthly for 12 months
option 2-N250,000 downpayment and N25,000 monthly for 12 months
option 3-N350,000 downpayment and N13,500 monthly for 12 months

5. What is the size of residential?
Ans: Approximately 648 square metres or 60ft x 120ft or 18 metres x 36 metres for residential. When allocated, account between CR and the subscriber will be reconciled as to the actual size of the allocated plot(s). Where allocated plot is less than 648sqm, CR will credit client’s account with the differential at the rate of purchase and vice versa. This is based on the understanding that plots throughout the expanse of land after sub-division cannot each be exactly 648sqm.

6. Is there any encumbrance on the landed properties?
Ans: The landed properties are free from every known government acquisition and no adverse claimant.

7. What types of infrastructure will the developer provide?
Ans: Frontal fencing and landscaping to be completed with barbed wire fencing around the Estate and Electricity (i.e connection to the national grid and an 11/33KVStation to be energized on the estate). Road network,drainage system etc

8. How will increase in price affect subscribers?
Ans: Increase in price will not affect existing subscribers in any way except if/when they want to subscribe for additional plot(s).

9. When will my plot(s) be allocated to me?
Ans: Paper Allocation (Provisional) will be done immediately payment is made
Physical allocation will be done in batches; subscribers will be notified in writing. However, note that possession and occupation of the plot(s) shall be deemed to have commenced from the date fixed for handover and all risks and benefits in respect of the property shall pass to the purchaser.

10. Can I indicate where I should be allocated within the Estate?
Ans: We allocate progressively on first in line basis at the discretion of the company. However, preference shall be given to request for corner piece(s) plot allocation provided it is still available subject to the payment of a fee. Subscribers can view the layout at our office to let their preferences be known,this is however subject to availability

11. Can I start construction or building on the land now?
Ans: You can start building on the land immediately after physical allocation.

12. Can CR build for clients?
Ans: Yes, CR is very willing and positioned to construct for clients. We would be your preferred construction company/contractor because the fact that we are on ground and shall be handling multiple units give us great economy of scale, making our pricing difficult to beat by any outside builder except he will compromise quality. We can handle the whole building process from architectural design, bill of quantity, building approval processing to actual construction.
Also, CR shall also be your best source for quality building materials for your construction activities.

13. What do I get after completion of payments for the land document and survey?
Ans: Receipt(s), Deed of Contract, Congratulatory Letter/Letter of Allocation, Landlord Association Constitution/Estate Covenants, Survey Plan and Deed of Assignment.

14. Does Cornell Realtors have Certificate of Occupancy (C of O)?
Ans: CR has completed all necessary payment for title and the C of O file is opened already and should be ready any moment from now.

15. What about Omo-oniles?
Ans: You will not have any nexus with omo-oniles. No omo-onile wahala. We face that on your behalf.

16. What other value added service(s) is Cornell Realtors set to provide for subscribers into the estate?
Ans: CR shall continue to manage the estate to ensure that life is comfortable to all subscribers.facilities such as health facility,parks and gardens,recreation centeres etc have been accorded priority and will be accessible to all

17. What title would I get eventually?
Ans: Deed of Assignment of the unexpired term of 99 years.

18. What happens if I cannot complete payment or default in the payment of the monthly subscription?
Ans: If your land is revoked due to none or irregular payment of your subscription or you indicated your interest at discontinuing the transaction, refund is subject to resale of your plot and you get your contribution less cost of Deed of Contract and 10% administrative charge. This is because the project is patterned after joint ventures.

19. Can I pay a deposit and pay balance anytime within the duration of tenure chosen (e.g. 2, 3, 6, 12, 15, 18, 20 or 24 months)?
Ans: After the payment of the initial deposit, you are expected to continue to make your monthly payments. Non-payment monthly as at when due will be treated as fundamental breach of contract which MAY result in the termination or revocation of contract. The developer is not required to put you on notice in this case.

for more info please contact CORNELL REALTORS LIMITEd

address- 35,cele rd,isashi,off badagry expressway,lagos

08097026097,07069055647

cornell realtors@gmail.com

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