KING'S GATE

(Freehold and Deed of Assignment with Land Owners)

Q1.  WHERE IS KINGS GATE ESTATE LOCATED?  (A) KINGS GATE ESTATE is located at Ise Community off La Campaigne Tropicana Resort Ibeju Lekki Lagos State. It’s about One (1) hour drive from Ajah bus stop.

Q2.    WHO ARE THE OWNERS/DEVELOPER OF KINGS GATE ESTATE? (A). CHECK D’ DECK HOMES & SERVICES a Leading Real Estate Company with offices in Ibeju Lekki, Lagos State and Owerri, Imo State.

Q3. WHAT TITLE DOES KINGS GATE ESTATE HAVE? (A). Excision, Deed of Agreement with Land Owners and Lagos State Government Approved Survey Plan.

Q4. ARE THERE ANY ENCUMBRANCES ON THE LAND? No

Q5. WHAT ARE THE PAYMENT STRUCTURE? (a) Outright payment is N850.000.00 only per plot (ii) 1-3Months payment installment plan is N1,000,000.00. (iii) 3-6Months payment installment plan is N1,250,000.00. (b) Commercial plot are not being sold yet. (c) Corner piece plots attract additional 10% of land cost. (d) Change/Correction of Name(s) attract N 10,000 charges  (Subject to review ) (e) Transfer of Ownership attract 10% of land cost N.B :- Non- payment of the monthly installments as at when due shall be treated as a fundamental breach of the contract which could result in termination or renovation of the contract. OR attract 10% default charge of the monthly installment payment.

Q6. WHAT IS THE SIZE OF THE PLOT? A. 600sqm

Q7. IS THE ROAD TO THE ESTATE MOTORABLE? Yes the road to the estate is motor able, Road network will also be provide inside the estate.

Q8. WHAT OTHER PAYMENTS DO I MAKE APART FROM THE PAYMENT FOR THE LAND? (a) Deed of Assignment: N125,000 only per plot. (Subject to review) (b) Blue Copy Survey Fee: N200,000 only per plot. (Subject to review), Survey plan with company’s name attract double charges (c) Development fee: is N250,000 for all estates (d) Corner plot demarcation: N30, 000 only per plot (Subject to review).

Q9. WHEN DO I MAKE THE OTHER PAYMENT? A. (i) Survey plan and Deed of Assignment payment can be made at time of payment for land, (ii) Development Levy will be determined later.(iii) Corner plot Demarcation is N30,000 per plot payable after payment for land and before Physical Allocation of plot.

Q10. WHAT DO I GET AFTER THE INITIAL DEPOSIT? A. Starters pack comprises of letter of acknowledgement of subscription, receipts of payment.

Q11. WHAT DO I GET AFTER COMPLETING PAYMENT FOR THE LAND? (A). Complete Payment Receipt, Deed of Assignment, Certificate of Allocation & Survey Plan.

Q12. CAN I START CONSTRUCTION OR BUILDING ON THE LAND NOW? A. You can start building on the land after Physical Allocation.

Q13. IS THERE ANY RESTRICTION REGARDING THE TYPE OF BUILDING IN THE ESTATE? A. No but 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 afterward.

Q14. CAN I RE-SELL MY PLOT/PROPERTY? Yes a subscriber who have paid up on their land can re-sell their plot(s). CHECK D’DECK HOMES would require the seller to furnish the company with details of the buyer (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 payment should only be made to CHECK D’DECK HOMES at its designated Bank. Otherwise, cheque(s) should be issued in favor of CHECK D’DECK HOMES. We shall not accept any responsibilities for any liability that may arise as a result of a deviation from the above instruction.

Q16. IS CHECK D’DECK HOMES AML/CFT COMPLAINT? A. Yes

Q17. WHAT HAPPEN IF I CANNOT CONTINUE WITH MY PAYMENT?  CAN I REQUEST FOR A REFUND? (A). No. You cannot apply for a refund. You can however get someone to buy the land from you. We will also assist in the resale at a cost of 10% of resale price.

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