FAQs – Garden of Eden Estates

frequently asked questions

Who is the Developer?

A consortium Managed by WAY AND LIFE CONCEPTS LIMITED

Are the lands free from government acquisition?

The landed property is free from every known government landed acquisition and no adverse claimant, Sample of GEE Scheme, Global Survey Plan No: OG/1200/2011/021; Land information REF No: SU11/174/XLIV/238, APPROVED MASTER LAYOUT NO:BUPP/2011/LAY/28/SGM, C of O File No SA/RT/C98

What type of infrastructures will the developer provide?

Gate house, Perimeter fencing, Earth road, Transformer and connection to the national grid, Boreholes randomly sited.

What other payment do i pay apart from the payment for the land?

Survey fee: N350,000
Legal / Documentation: N200,000
Infrastructural Development: N1,800,000
The Statutory fees stated above are subject to review as dictate by Changes in the Country Economy/Market values

The Infrastructural levy will be used for what?

Establishment of Gate House, Perimeter Fencing, Provision of electric poles, connection of stings to national grid for the distribution and revisiting earth road network.

When do pay Development Levy?

Normally, after physical allocation of plots but before construction work commences and these payments has to be made into our designated bank accounts.

Is there any discount on outright payment and bulk purchase?

Yes.

How will increase in price affect subscribers?

Increase in price will not affect existing subscribers in any way except if they have over-stretch their payment period or when they want to subscribe for additional plots(s).

What happen if i default in my installmental contribution/payments?

You shall be charged 1% of the property prices in any of the month you default. However, if you default continues till the company increases the price of the property, or over four months, you shall be buying at the prevailing price.

When will my plots be allocated to me?

In batches at least 50-100 subscribers.

Can i start constructing or building on the land now?

Yes you can start building on the land immediately after physical allocation and payment of the stipulated development levy.

What do i get after completion of payment for the land, survey and title documents?

Survey and title documents i.e Receipt, letter of allocation, estate covenants, survey plans, deed of assignment.

Does way and life concepts limited have certificate of occupancy?

Way and life concept limited initiates the process of getting C. of O immediately as parts of the acquisition process on our estates in Ogun State. Our document on Lagos state estate will be that of a global survey and planned layout which will be registered while the company will assist individual allottee process their respective plot(s) of land.

What title will i get eventually?

Deed of Assignment.

What happens if i decide to terminate any subscription to he scheme?

You will get a refund of total money paid less 20% administrative expenses/agency fee 10% legal charges. This will be given after the last period of the Installmental payment exercise of the scheme subscribed to as this is subject to availability of fund as it becomes liability. You can as well transfer your subscription interest to another referral subscriber from your end being the initial subscriber.

Is there any time limit to commence work on my land after allocation?

6 months after allocation for at least fence and gate and after two years for structural development.

Can I resell my plots/Properties?

Way and life concepts limited can buy back plot(s) from the subscriber who has paid up their land as this is subject to cash flow or assist to get buyer. A charge of 10% transfer fee shall be deducted from the current purchase price in either of the cases.