Afrihood

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Dear Sir/Ma,

OFFER FOR ({{product_17758_quantity}}) UNIT OF THREE (3) BEDROOMS LUXURY RESIDENTIAL APARTMENT WITH ONE (1) BEDROOM BOYS’ QUARTERS (BQ) AND APPURTENANCES AT AIZE RESIDENCE, 12 OSENI STREET, PALMGROVE - ONIPANU, LAGOS STATE

The Aize Residence is a block of luxury residential apartments being developed and situate at, 12 Oseni Street, Palmgrove, Onipanu, Lagos State (Hereinafter the Proposed Site).

Pursuant to your show of interest and subsequently your order via our website, we are pleased to offer you the above development on the following terms and conditions, subject to a formal contract.

 

Property Description

This Property is better described in the following terms;

A unit of three (3) bedrooms luxury residential apartment with one (1) bedroom boys’ quarters (BQ) all en-suite at Aize Residence, 12 Oseni Street, Palmgrove, Onipanu, Lagos State.

Title

The Developer derives its Title by Virtue of a Deed of Assignment executed in its favour by The Beneficiaries of the Estate of Alhaji Ganiyu Bolaji Anibaba (The Land Owners).

The Beneficiaries derived title;

1. by transmission from their deceased father Alhaji Ganiyu Bolaji Anibaba, who through his mother, Madam Erinola Eletu, purchased the parcel of land from one Mr. Jimoh Odubeko who was empowered by Mrs. Iyetola Oterun through a power of attorney dated the 19th of July, 1958 and registered as No 35 of page 35 in volume 1112 of the Lagos Lands Registry to sell as her legal attorney and on her behalf, by virtue of a deed of conveyance dated 24th of January 1963.

A Global Certificate of Occupancy (C of O) will be obtained to encompass numbers 12, 14, and 16 Oseni Street, where the three blocks of the Aize Residence would sit on. From this Global C of O, a Deed of Assignment will be issued to each individual, purchaser/subscriber of the Aize Residence.

CONDITIONS OF OFFER & CONDITIONS OF PAYMENT

Payment Understanding:      

The payment understanding will be as set out in the financial arrangement below.

Financial Arrangement

     

Financial Arrangement

Outright

  6 months  12 months

Initial Deposit

-

 25,000,000.00 25,000,000.00

Monthly Installment

-

 11,432,000.00 5,483,636.36

Purchase Price

  79,000,000.00 82,160,000.00 85,320,000.00

 

Payment Mode:                          

Cheques, Bank drafts or Direct transfers should be made payable to our Account below:

Bank: Stanbic IBTC Bank

Account Name: Afrihood Development Company Limited Account Number: 0044442234

Receipts will be Issued for every payment received.

NB: Possession of the property will be granted only upon the payment of the full and final Discounted Offer Price to the Original Price.

Subject to the Developer’s discretion, default in the scheduled payment understanding may attract revocation of this offer and forfeiture of a 10% fraction of the sum paid as at the time of default. Such deduction however shall only take effect if the default persists after two (2) Months of being due. Furthermore, the Developer reserves the right to re-offer the property to other buyers upon such default.

Refunds shall be accessible only after a re-sale has been made.

Indemnities:                         

The Developer grants to the Purchaser a Three (3) Months Warranty immediate from the time of handing over possession to REPAIR damaged fixtures and fittings within the said period provided that such damage was as a result of the quality of the product and not due to negligence on the Purchaser’s part.

The Developer shall also be responsible for any structural fault, burden or liability that may arise upon the Property within the 2 (Two) years following the completion of the development. Such liability shall thereafter rest upon the Occupants/Assigns of the Property.

Agreement and also demand for a refund of accumulated offer price, with a 10% interest rate on the accumulated sum, paid as at the time of the Developer’s default PROVIDED that the default is not as a result of a Force majeure or that the purchasers did not contribute to the default.

Property Allocation:              

Upon the payment of the Initial deposit the developer shall allot to the purchaser the described property. (Allocation is provisional and subject to completion of payment for the property and compliance with the payment Understanding).

Delivery Date:

Title Documents of the property shall only be delivered to the Purchaser

3 months after the completion of construction.

Possession of the property shall only be delivered to the Purchaser upon completion of construction and absolute fulfilment of the terms of payment.

There shall be a walk through by the Developer and the Purchaser (or their representatives) at the point of handing over.

A Deed of Assignment for the described property shall be executed in favour of the Purchaser.

USE OF PROPERTY:               Strictly Residential.

NB

 

  • Kindly be advised that this offer is hereby expressly made contingent upon your execution of the Title Deeds.
  • Strict adherence to the payment terms and conditions are the basis of the discounted offer price.
  • There shall be additional costs allotted to all occupants of Aize Residence, for the Maintenance and Management of Common Amenities.
  • The Developer shall be granted a right of first refusal as Agents/Managers for the Purchaser, where they intend to sell or let out the purchased unit.
  • This Offer expires after 5 working days from the Date on the Offer letter.
  • Further note that as confirmation of your acceptance of this offer and the conditions above stated, we request that you endorse the Memorandum of Acceptance. We also request you endorse EVERY PAGE of this Offer Letter and thereafter forward us a duplicate copy with proof of payments.

 

Thank you for choosing us. Be assured of our commitment to excellent delivery.

Yours faithfully,

Barr. Daniel Udoka

Legal Manager

Afrihood Development Company Limited

 

MEMORANDUM OF ACCEPTANCE

 

SIGNED and DATED by

The within named “PURCHASER”

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Signature Certificate
Document name: Offer for 3 Bedrooms Apartment with BQ at Aize Residence Palmgrove
lock iconUnique Document ID: 8f583d5f65561e659b8acef35edf0cea52a9f94b
Timestamp Audit
December 16, 2022 8:14 pm WATOffer for 3 Bedrooms Apartment with BQ at Aize Residence Palmgrove Uploaded by Afrihood HR - [email protected] IP 197.211.58.110
December 16, 2022 8:16 pm WATFalade Oreoluwa - [email protected] added by Olufemi Shield - [email protected] as a CC'd Recipient Ip: 129.205.124.228
December 16, 2022 8:16 pm WATOlufemi Shield - [email protected] added by Olufemi Shield - [email protected] as a CC'd Recipient Ip: 129.205.124.228
May 24, 2023 3:16 pm WATFalade Oreoluwa - [email protected] added by Olufemi Shield - [email protected] as a CC'd Recipient Ip: 129.205.124.237
May 24, 2023 3:16 pm WATOlufemi Shield - [email protected] added by Olufemi Shield - [email protected] as a CC'd Recipient Ip: 129.205.124.237
May 24, 2023 5:57 pm WATFalade Oreoluwa - [email protected] added by Olufemi Shield - [email protected] as a CC'd Recipient Ip: 129.205.124.237
May 24, 2023 5:57 pm WATOlufemi Shield - [email protected] added by Olufemi Shield - [email protected] as a CC'd Recipient Ip: 129.205.124.237
June 9, 2023 8:47 am WATFalade Oreoluwa - [email protected] added by Olufemi Shield - [email protected] as a CC'd Recipient Ip: 197.253.28.22
June 9, 2023 8:47 am WATOlufemi Shield - [email protected] added by Olufemi Shield - [email protected] as a CC'd Recipient Ip: 197.253.28.22
June 9, 2023 11:09 am WATOlufemi Shield - [email protected] added by Olufemi Shield - [email protected] as a CC'd Recipient Ip: 197.253.28.22
January 20, 2024 8:02 pm WATOlufemi Shield - [email protected] added by - as a CC'd Recipient Ip: 197.211.58.110
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