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 State.
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
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
(b) Outright payment N1,620,000per plot 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
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
(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.
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
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
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.
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
B. Charge of 10% of the land consideration (Covering Transfer Documentation Fee shall be paid to the Company by the buyer.
Q15. 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).
I hereby confirmed that I have seen the land and ready to go on with the transaction.
THEREFORE, THE INFORMATION PROVIDED, FAQ AND TERMS HEREWITH IS ACCEPTABLE AND CONSENTED BY ME, I ACKNOWLEDGE RECEIVING A COPY OF IT