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| Click on the relevant link to view answer to frequently asked questions: | |
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Where are Quantumlife Estates located? |
 We have three site as follows: Ijere-Ibafo (Phase 1), Iworo-Badagry (Phase 2) and Igbese (Phase 3)
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Are people living already on each of these locations? |
| Yes. All are residential communities, carefully selected after due consideration of a number of factors. Ready for immediate development.
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Does any of the sites have any encumbrance on the land? |
| There is not any known government interest or adverse claimant.
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What is the name and address of the company that develops the Quantumlife Estates? |
| Wealthteam Properties Ltd. No 17B, Seinde Callisto, Charity, Oshodi. Lagos.
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What infrastructures will be provided by the Developer? |
| Good earth road, Perimeter fencing, Electricity/Transformer connected to the national grid.
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What is the size of the plot? |
| 60 x 100 feet (i.e. 100 in length and 60 by breadth).
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What is the price of each plot? |
| The prices are introductory and will increase to the actual prices on 1st of May,
2009:
Ijere-Ibafo: Introductory for residential N650,000, actual N850,000. Commercial N850,000, actual N1.2M. Then Reserved area N2.8M, Actual N3M. Iworo-Badagry: Introductory for residential N600,000, actual N750,000. Commercial N750,000, actual N900,000. Then Reserved area N2.5M, Actual N3M. Igbese: Introductory for residential N600,000, actual N750,000. Commercial N750,000, actual N900,000. Then Reserved area N2.5M, Actual N3M. | |
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Is there any discount on the prices? |
| Yes. If you pay outright, you will get 5% discounts. If you buy 6 plots and pay outright, you will get 10% discounts. | |
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Is there any installment payment option? |
| Definitely. 24 monthly equal installment options are available at zero interest. | |
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What if, for whatever reason, I am unable to complete or default in the monthly Installment payments? |
| In the event of default in payment of any installment due within a period of two(2) months, your subscription will be terminated and you will be entitled to the sum paid less the deduction of a surcharge of 17% from aforesaid sum.
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What about the Deed of Contract fee of N13,000 per plot paid at the outset of the transaction, will I also receive the refund of that? |
| No is the answer. The N13,000 per plot is the fee for the Deed of Contract that binds you and Wealthteam Properties Ltd on the transaction and it is not refundable. It is paid together with your first installment payment.
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Why is the Reserved Area expensive? |
| As the name implies, it is going to be an exclusive neighborhood within the Quantumlife Estate; with private entry/exit gate, paved road, street light and CCTV on every street.
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Apart from the payment for the land, do I make any other payment(s) |
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Yes. You�ll pay for the registered survey plan, legal documentation and development levy.
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At what stage will I have to make these payments and how much each? |
| Survey fee is N130,000.00 per plot for Residential, N150,000 per plot for Commercial while legal fee is 5% of the land cost and you are to pay these as soon as you have completed the land payment, before taking physical possession. Note, the Development levy is not yet determined as all the stakeholders will jointly agree. | |
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What about the development levy and what is it used for? |
| The amount will be jointly agreed by all the parties involved, after complete payment. And it will be used for distribution of energy, drainage and other related sundry.
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In Quantumlife Estate, is there any restriction regarding the type of building I can construct? |
| Yes. The estate layout is in sections and you are limited to build houses on each section based on designated use or plan for that section, i.e. Bungalow, Blocks of flats, Detached houses, Commercial and Residential. Shops in residential houses and �Face-me-I-face-you� houses will not be permitted. | |
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What about the road to the Estates, are they good and motorable during the rainy season? |
| Yes they are, even at the peak of the season. | |
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Can I start building on the land now? |
| Yes. You can start building on the land now if you have finished your payment. Pay your survey plan etc | |
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How can I participate in the scheme? |
You have three options:
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What is Real Estate Creative Runs (RER), how can I register and what are the benefits? |
To register, you will obtain the RER registration Form and pay just N2500, this will allow you to receive a username unique to you which our system will use to recognize and track all transactions coming from you for the purpose of paying you commissions on transaction of people you referred to the scheme directly or indirect. See our brochure for details of compensation. The benefit is that you will be able to leverage on other people�s efforts and money. Possibly, you�ll be able to pay for your own land from the commission with out any money coming from your pocket. | |
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So, can I register in RER without subscribing to the land? |
| Yes. You will only be earning and collecting your commission on those you referred who subscribed to the land; that means you will not have your own land.
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So, can I subscribe for the land without registering in RER? |
| Yes. But what it means is that you will not be earning commission on those you may refer to the scheme; you can only have the land you subscribed.
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If I am outside Lagos or abroad, can I participate in the scheme and how can I do that? |
| Yes you can. Our website www.realestateruns.com will soon be online for those outside the country and Lagos. The site will be a portal and interactive with the picture and video clips of the sites. You can subscribe online and make your payment online with your Credit Card, ATM Card or Wire Transfer. You can also print your receipt online, check your balance, in fact, do all your transaction without coming to our office physically.
Also, we have representative offices in other cities in Nigeria. Contact our office to find out the one nearest to you.
Wealthteam Properties Ltd | |
