Oasis Courts | Photizo Properties
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Do you know you can have a rental value of ₦400,000 at an increasing speed yearly?? it's quite simple, let me tell you how. Epe is one of the fastest developing locations right now and with lots of opportunities for smart real estate investors in Lagos, Nigeria. The massive infrastructural development and unparalleled modernization taking place in Epe are preparing the town for homely living to accommodate the influx of housing seekers. As a smart investor, all you need is to become a landlord of a top-notch 2 bedroom detached Bungalow in OASIS Courts EPE. Oasis Court is one of the biggest developments in Epe and its unique view and infrastructural facilities make it unbeatable and yet affordable. It promises to deliver 50 units within 12 months from June 2021 Bother not about inadequate electricity as the house comes with inverter and other features like; an interlocked road, treated water, security, drainage system, street light, etc. With N12 million naira and with flexible payment plans up to 12 months, you too can become a landlord in this amazing estate.


POKA, EPE

215 SQM

TREATED WATER

STREET LIGHTS

ELECTRICITY

INTERLOCKED ROAD

SECURITY

DRAINAGE



OUTRIGHT

15,000,000

Initial Deposit ₦3,000,000

6 Months

15,750,000

Initial Deposit ₦3,000,000

12 Months

16,500,000

Initial Deposit ₦3,000,000


Please read these terms and condions carefully before subscribing to the Oasis Courts Residences by appending your signature to the space provided below. Note that Photizo Properes Ltd will only accept the confirmaon of subscripon upon your acceptance and compliance with these terms and condions. These terms and condions shall be applicable to all subscriber and their successors-in-tle. Upon subscripon, you are required to fill in all required details as contained in the official subscription form given to you by Phozo Properes Ltd. The company will not be liable for errors or misinformaon in the cause of filling the form. And will aract extra charges to correct in your survey and other documents.

By signing in the provided space at the boom of this document, you agree that you have received, read, understood, agreed to be bound by terms as contained herein.

ELECTRICITY

This shall be provided but allotees are expected to buy their own separate meter and Subscribe to electrical services at their own expense. In addion, solar Conduit will be provided as back up with each allotee providing their inverters. A Central Generator will be provided as back-up to the IKEDC. Power supply charges will be borne by allotees and rates advised as soon as the estate becomes funconal.

WATER

Treated water will be provided (Industrial borehole). Allotees are expected to subscribe. Usage shall be charged in order to sustain maintenance.

TERMINATION OF CONTRACT

Phozo Properes Limited reserve the right to terminate your subscripon when you subsequently fail to meet the payment plans, your failure to adhere to the terms and condions contained herein or meet the purchase requirements. We will not take the responsibility to find a third party to acquire your property on your behalf rather, your subscripon will be revoked and you shall be fully refunded but less 20% administrave fees.

OWNERSHIP

Your deposit entles you to a subscripon slot. Construcon of any unit does not commence unl at least sum equivalent to 50% of the purchase price has been paid. Any installment payment must accumulate 50% before the subscriber is guaranteed of any house unit.

TRANSFER OF INTEREST

In the event that you choose to sell your housing unit, you will be required to complete your change of ownership procedure. The applicable fees shall be a non-refundable sum of N150,000 (One Hundred and Fiy Thousand Naira Only) per unit. This transfer fee is subject to upward review and it is required to be paid before tle is transferred to the new purchaser. Both pares are at liberty to agree on who bears the cost of transfer of interest. Where property is being transferred to a third party, the purchaser shall bear the cost of procuring a fresh survey plan, deed of assignment and any other documents relevant to tle. The applicable cost shall be communicated to pares at the point of noficaon of transfer.

DEFAULT

Yes. A default in your payment plan will aract monthly 5% interest on past due amount. In a case of 2 successive defaults within 6 months, your subscripon shall be terminated and you will be fully refunded but less 20% administrave fees.

REFUND

In the event of a refund, you can get a refund but you are required to give a 90 days noce in wring to the company from which your refund shall be processed and shall be fully refunded but less 20% administrave fees.

HANDBOOK

Upon allocation, you shall be provided with an estate handbook, which will guide you through the on-boarding with the estate and also get you acquainted with your new environment. Due to the serenity and peaceful co-existence structure within the estate, the estate handbook contains the estate rules and regulations some of which when breached, will attract payment of fine.

ALLOCATION

The only provisional allocation shall be granted where payment for the property is made in installments. The final and physical allocation shall be granted upon full payment of the property purchase price. Please be aware that land measurements for each unit will vary in size and the final measurement of the land will be confirmed upon the allocation of each unit. Request for re-allocation is not automatic; you may be required to make an additional payment for request in or re-allocation.

PAYMENT AND DOCUMENTATION

Upon full payment for your housing unit, your allocation details shall be final and you would have received your payment receipt and contract of sale. Upon payment for your title documents, you would receive your Survey Plan, and Deed of Assignment, you will be responsible for the perfection of your title documents.

SERVICE CHARGE

You will be required to pay an annual service charge which shall cover the cost of maintenance of common utilities and the common area within the estate. Service Charge payment becomes payable upon the handing over of your unit to you and is subject to review to reflect economic realities

MARKETING MATERIALS

Renditions of the Estate and Units made in marketing materials are renditions of artists and are not the final designs or layout for the property purchased. Photizo Properties Ltd will ensure delivery of your housing unit with an extreme resemblance with the actual rendition requested in the marketing communication material. However, slight variations are inevitable in construction realities.

AMENDMENT OF THIS TERMS AND CONDITIONS

Photizo Properties Limited reserves the right to change these terms and conditions to accommodate changes in market/industry situation.


 
  1. Where is Oasis Courts ?

    Answer: Oasis Courts is situated at Poka by Atlantic Hall, Epe

  2. Who is the Owner/developer of Oasis Courts?

    Answer: Photizo Properties Limited

  3. What type of titles does Oasis Garden Estate have on the land?

    Answer: Free Hold & C of O in View

  4. What type of infrastructure will the estate provide?

    Answer: Perimeter Fencing, Drainage System, Interlocked Road Network Within the Estate, Electrification & Street Lights.

  5. What type of building is available on Oasis Courts?

    Answer: 2 Bedroom Detached Bungalow. Each unit footprint is sitting on 215sqm

  6. What is the delivery time for each building?

    Answer: The delivery time is 6 to 12 months
    We are working on providing the estate with 24 hours power supply; in the interim; generators will be allowed.

  7. Would there be statutory charges?

    Answer: Yes. There will be statutory charges of Deed of assignment: 2.5% of the total cost of the property, Survey ₦500,000 and any other fee as may be required by the government.

  8. ACCOUNT DETAILS FOR STATUTORY FEE AND THE TOTAL COST OF THE PROPERTY

    PHOTIZO PROPERTIES LTD : 0450619240  : 1015949898

  9. Would there be infrastructure

    Answer: Yes, there would be infrastructure fee to be paid into the designated account provided below


    POWER INFRASTRUCTURE ₦750,000 (to be paid before allocation)
    ROAD INFRASTRUCTURE ₦1,000,000 (to be paid before allocation)
    WATER INFRASTRUCTURE ₦500,000 (to be paid before allocation)
    INTERNET INFRASTRUCTURE ₦150,000 (to be paid at the time of usage)

    PP LTD/INFRASTRUCTURE MANAGEMENT : 0645433082

  10. Can I pay cash to your agent?

    Answer: As much as we are not trying to discredit our agents, it is the company policy that all payments be made into the company’s accounts. All cheques and bank drafts should be made in favour of Photizo Properties Limited. The company will not be responsible for any loss occurring from not adhering to the policy

  11. If I make outright or installment payments for the house and I'm no longer interested can I get a refund?

    Answer: Yes, you can get refund with a 90 days' notice, however there is a strict 20% administrative fees.

  12. What happens in the case of transfer of interest?

    Answer: In the event that you choose to sell your housing unit, you will be required to complete our change of ownership procedure. The applicable fees shall be a non-refundable sum of N150,000 (One Hundred and Fifty Thousand Naira Only) per unit. This transfer fee is subject to upward review and it is required to be paid before title is transferred to the new purchaser. Both parties are at liberty to agree on who bears the cost of transfer of interest. Where property is being transferred to a third party, the purchaser shall bear the cost of procuring a fresh survey plan, deed of assignment and any other documents relevant to title. The applicable cost shall be communicated to parties at the point of notification of transfer.

  13. How will I get the C of O in my name when the document is out?

    Answer: The company will communicate to you when the C of O is ready and you will be responsible for the perfection of your title.

  14. What will I get after payment?

    Answer: After the initial deposit of 3 million naira, you are entitled to a receipt and contract of sale. You will get deed of assignment after the full payment has been made. Your survey will be provided to you after all the stautory fees has been fully paid for.

  15. Will there be service charge?

    Answer: Yes. The service charge will be added to the estate dues.

  16. What happens if I can not continue with the payment, Can I get a refund?

    Yes, you can get a refund but you are required to give a 90 days notice in writing to the company from which your refund shall be processed and shall be fully refunded but less 20% administrative fees.

  17. Will there be a penalty against default payment?

    Answer: Yes. A default in your payment plan will attract monthly 5% interest on past due amount. In a case of 2 successive defaults within 6 months, your subscription shall be terminated and you will be fully refunded but less 20% administrative fees.

  18. What are the fixtures included in the delivery?

    Answer: The fixtures upon delivery of each unit in this estate include; plumbing, kitchen cabinet, tiles, electrical fittings and Sanitary wares

  19. When will I get my allocation?

    Answer: Physical allocation only upon full payment of all the total purchase price. Re-allocation of any unit attracts extra charges.

  20. What is the Foundation Details of Oasis Courts?

    Answer: Before embarking on construction, Soil test was carried out which Informed the kind of foundation in place. A Raft foundation was done. The development and foundation are higher than existing road levels.

  21. What are the finished details of Oasis Courts?

    Answer: Electrical Fittings and Lightings, All Sanitaries Wares Fittings, Internal Painting, Internal and External Doors, Fitted Kitchen, Tiling, POP Installation, Windows.


 

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