02/03/2017
FREQUENTLY ASKED QUESTIONS
(CASE STUDY WHITE OAK COURTS)
Question: Where is White Oak Courts?
Answer: White Oak Courts is located at Oshoroko Town, along Lekki Free Trade Zone immediately after Dangote Refinery. It is about 30 minutes from
Ajah bus stop.
Question:. Who is the developer of White Oak Courts?
Answer: EUC Homes Limited
Question:. What types of infrastructure will the developer provide?
Answer: Perimeter fencing, Earth road and Gate House. .
Question:. Would there be any development levy?
Answer: Yes, there is a development levy of N250,000 PER PLOT and other applicable fees. For further details please refer to the land application form.
Question:. Would there be any survey/allocation fee?
Answer: Yes, there will be a total of N150,000 PER PLOT for survey/allocation fee.
Question: Would there be an Agreement fee?
Answer: Yes, there would be an Agreement fee of N50,000 PER PLOT.
Question:. When will my plot(s) be allocated to me?
Answer: Immediately after the 100% payment for the land, documentation of land agreement and survey/allocation fees is made.
Question:. What do I get after completion of payment for the land?
Answer: Receipt, letter of allocation and deed of assignment.
Question:. What type of Title does White Oak Courts have on the land?
Answer: Deed of Agreement with Land Owners and Lagos State Government Approved Survey Plan and Layout Plan, Global C of O.
Question:. Can I pay a deposit and pay balance anytime within the duration of tenure chosen?
Answer: After the payment of the initial deposit you are expected to pay the balance monthly. Nonpayment monthly as at when due will be treated as
fundamental breach of contract which can result to 5% monthly late charges and possibly relocation of said plot(s).
Question:. Is there any extra cost required to have a corner piece plot?
Answer: Yes, Corner piece attracts a 10% surcharge.
Question:. What does it take to acquire a commercial plot?
Answer: Commercial plots attracts a 25% surcharge.
Question:. Can I start construction or building on the land now?
Answer: You can start building on the land after physical allocation and payment of the stipulated Survey fee and development levy.
Question:. Is the road to the Estate motor able?
Answer: Yes the road to the estate is motor able.
Question:. Is there any time limit to commence work on my land after allocation?
Answer: No there is no time limit to commence work.
Question: Can I re-sell my plot/property? EUC-HOMES should be notified during such process.
Answer: EUC Homes can buy back plots from subscribers who have paid up on their land or assist to get a buyer. A charge of 30% (agency fee) which is
deducted from purchase / selling / current price in both cases.
Question: Can I pay cash to your agent?
Answer: While we are not discrediting anybody, we strongly advice that cash should be paid to EUC Homes Limited only. Otherwise, cheque should be
issued in favour of EUC Homes Limited. We would not accept any responsibility for any liability that may arise as a result of deviation from the above
instruction.
Question: What is the size of the plot?
Answer: 60 ft. X 100 ft.
Question: What is the size of the half-plot?
Answer: 30 ft. X 100 ft.
Question: Is there an installment plan for both full plot and half-plot?
Answer: We only have installment plan for full plot and there is no installment plan for half-plot.
Question: If I paid outright payment for my plot(s) and I’m no longer interested, can I get a refund?
Answer: Yes, you can get a refund however there is a strict 40% administrative and agency fee.
Question: If I paid outright for my plot(s) and cannot complete payment on other stipulated fees, can I get a refund?
Answer: There is a 90 day deadline after payment of plot(s) to complete payment on survey/allocation and land agreement fees to avoid loss of allocation or
been relocated to another estate.
Question: If I was on the installment payment plan and cannot continue with the payment. Can I get a refund?
Answer: Yes, you can get a refund however there is a strict 40% administrative and agency fee.
