Victoria Garth Castle Estate

APPLY TO OWN

Terms and Conditions

  1. a. For outright purchase price of the property, see attached e-flyer or FAQs.
    b. We offer installment plans for your convenience upon the payment of the required initial deposit as indicated in the respective payment plans above.
    c. Purchaser(s) who subscribe to an installmental payment plan are expected to make monthly payments of at least 15% of the total purchase price. Default in payments for 2 consecutive months attracts a late payment penalty or cancellation of the subscription with or without prior notice.
  2. Payment shall be made by a direct electronic transfer, bank draft or cheque by the purchaser into only the vendor’s account only.
  3. All documents in respect of the unit(s) subscribed will be issued after a minimum of 90 days from the date of subscriber’s payment completion
  4. The Purchaser(s) shall be issued a receipt of payment and a contract of sale agreement once initial deposit is made. It is vital that the Contract of sale agreement is duly signed by the Purchaser(s) and sent back to the vendor via the appropriate channel.
  5. In a case where the purchaser’s request for a refund of either the part payment or full purchase price, such refund can only be made after the vendor has resold the land to another willful purchaser. The refund will be made less 35%
  6. All payments made by the Purchaser(s) in respect of the unit(s) subscribed MUST be made to the company’s designated account as published herein. Any cash or other payments given to any agents or marketer on behalf of the vendor shall be strictly at the Purchaser’s own risk.
  7. The unit(s) subscribed to are for residential purposes only.
  8. Approved house types are duplexes, Semi-detached duplexes and fully detached duplex only. Apartments or high rise buildings are not allowed.
  9. The purchaser is expected to adhere strictly to the payment plan subscribed to. Default in payment will not be accommodated as inflation rate is unpredictable and all building materials would be purchased ahead of time to beat inflation. Additional interest rate after due date is exceeded would be calculated based on the current economy inflation rate and market force.
  10. Corner-piece units attract an additional non-negotiable fee of NGN 15,000,000 (Fifteen Million Naira) only.
  11. All corporate subscriber shall also be required to pay an ancillary fee of NGN 10,000,000 (Ten Million Naira).
  12. Change of name on any document attracts a non-negotiable fee of NGN 2,000,000 (Two Million Naira).