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Real Estate

Terms and Conditions

  1. You are to pay 100% and start work within 1 year; failure to which the plot would be re-allocated to another and you shall thereafter be relocated to another plot within the same Estate.
  2. All Buildings or Construction in the Estate must conform to approved designs and specifications in line with Development Control Standards.
  3. Subscribers must pay 100% infrastructure fee before commencing work on site.
  4. You agree to comply strictly with the directives of the Estate Developer and Facility Manager as may be necessary for the Security, Operation and Management of the Estate.
  5. You agree to Pay a reasonable sum (as service charge) to be determined by the Facility Manager appointed by the Developer should the Developer not be available to run the Estate and to determine a yearly service charge
  6. For all acquisitions through Mortgage, participants are required to pay an equity contribution according to house-type at commencement.
  7. Corporate clients status shall apply to a minimum of twenty (20) or more persons in a group.
  8. For construction of houses such would be delivered at shell level (finished and painted outside with doors, windows, internal wirings, no plastering or fittings inside); this is to allow us deliver at low price and enable would be subscribers to finish at their individual taste and pace. For those who want 100% completion, they can get it for a higher price on request.
  9. The Developer will manage the Estate and all it’s facilities exclusively and collect service charge for the initial 25 years before any changes can be effected.
  10. You agree to Pay all Rates, Taxes, Levies, Bills and Premiums in respect of the now or in the future as may be imposed by the relevant government agencies.
  11. No Subscriber is allowed to pay any money for facility or infrastructure fee or any other money to a fellow subscriber. All funds are to be paid into the Developers Account; any money meant for Developer paid to any subscriber would be deemed not received.
  12. You agree to not put the property for any purpose other than alloted purpose.
  13. Not to assign the interest in the property without the written consent of the Developer and consent not to be withheld unreasonably in the case of reasonable and responsible persons.
  14. In the case of refund, as satisfaction was reached at the point of purchase, an allotee would be required to get a buyer by him/herself, otherwise Kingdom Excellence International shall sell the said plot/property to make refund and 30% of the purchase price will be charged for administrative fee and contingent losses incurred by the developer.
  15. Price may be reviewed without notice; however this will not affect clients who have already made deposit.
  16. The Developer undertakes all construction works in all the Estates wholly or in stages for all subscribers.
  17. Subscribers are not allowed to enter any form of contract either construction or otherwise with any member of staff without a written consent of the developer. Such a staff would be prosecuted and the subscriber made to pay damages to the company.
  18. All payment shall only be made into the company’s account through our selected partner banks.
  19. The subscribers cannot form any association without the written consent of the Developer, meanwhile such an association would be initiated by the Developer at the right time; where there are reasonable number of interested residents.
  20. Non compliance to the agreed payment plan will attract 2% penalty every month and outright revocation after 12 months of default.
  21. Any sudden Bill, Fee or Charges due to Government would be spread amongst existing subscribers to avoid conflict with regulators, fees for replacements or improvement on infrastructure would be spread amongst subscribers.
  22. Filling and submission of this application form implies that you have read, understood and agreed to abide by the Terms and Conditions listed herein.
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