01/04/2017
Real Estate Developers To Sue Surveyors Over Hike in Fees
The Real Estate Developers Association of Nigeria, REDAN, has threatened to take Surveyors to court if the proposed increment in the cost of preparing survey plans for lands across the country is implemented.
This was disclosed in a letter to Surveyors by Counsel to REDAN, Ebun-Olu Adegboruwa.
Adegboruwa warned that such plan if implemented will result to increase in cost of lands, therefore, making land owners and investors pay as much as One Million Naira for a single plot of land, even in rural areas of Lagos State as from April 1, 2017.
REDAN added that increment in survey plans will hinder efforts of present administration towards achieving affordable housing for Nigerians.
He urged surveyors to summon a meeting with stakeholders or be challenged to court by REDAN, should surveyors insist on implementing the policy as stated.
The letter reads: “Our clients consider it improper to increase the cost of survey plans at this time of economic recession, especially considering the ripple effect that such a step may have on other stakeholders within the built industry, such as architects, engineers and lawyers, etc, who are also members of their association.
“The planned increment will also impact negatively on the policy of affordable housing being promoted by the present administration at all levels.
“Our clients have also consulted the various statutes regulating this matter and they are yet to be convinced of the legal basis of this increment at this time.
“Consequently, we have our clients’ instructions to request you to kindly prevail on your organisation and its members to suspend the implementation of this policy and to allow for further interactions, dialogue and discussions, between all the relevant stakeholders in the real estate business.
“ In compliance with statutory requirement to explore alternative dispute resolution mechanism, kindly indicate to us in writing within five clear days of your receipt of this letter, of your kind disposition towards the meeting suggested herein, failing which we have our clients’ further instructions to take out a writ of summons in court to determine the legality of such increment, to take out an order of injunction to restrain the implementation thereof and to determine other ancillary legal issues.”
http://dailypost.ng/2017/03/30/real-estate-developers-sue-surveyors-hike-fees/
The Real Estate Developers Association of Nigeria, REDAN, has threatened to take Surveyors to court if the proposed increment in the cost of preparing surv
