TERMS & CONDITIONS

Please read the following terms and conditions carefully before proceeding with your property reservation.

1. Name on Purchase Documents:
   Subscribers must clearly state their full names as they wish them to appear on all purchase documents. Any request for modification after document issuance may attract an administrative fee.
2. Nature of This Document:
   This reservation form does not constitute a binding contract of sale. It only serves as an expression of interest. A binding contract of sale shall be issued once an initial deposit is made, reflecting the agreed terms and conditions.
3. Payment Details & Notification:
   Purchasers must ensure that payments are made in their own names or include a clear payment narration. Additionally, purchasers must notify the company’s account officers of every payment made.
4. Minimum Deposit Requirement:
   A minimum deposit of 70% is required before a plot can be officially allotted and reserved in favour of the purchaser.
5. Payment Method & Account Details:
   All payments should be made into the designated CapitalCity Development Limited (CCDL) account as provided in this reservation form. No cash transactions are allowed; payment must be made via bank transfer or cheque. The deposit will be reflected in the Contract of Sale.
6. Compliance with Payment Plan:
   Purchasers must adhere strictly to the agreed payment plan as stated in the Contract of Sale. Failure to comply may attract default charges. The vendor also reserves the right to reallocate the purchaser to another available plot.
7. Development Guidelines:
   All developments are subject to estate and state government development regulations. These guidelines will be made available along with the Contract of Sale.
8. Plot Development Timeline:
   Reserved plots must be developed within six (6) to twelve (12) months, depending on the specific estate, as stipulated in the estate covenants and allocation letters.
9. Legitimacy of Funds:
   The purchaser affirms that all funds used in this transaction were obtained through legitimate means and not through fraud or any fraudulent activity.
10. KYC Documentation Requirement:
    Individual purchasers paying ₦5,000,000 or more, and corporate purchasers paying ₦10,000,000 or more in a single transaction, must submit a valid form of identification attached to this reservation form.
11. Cancellation & Refund Policy:
    If a purchaser decides to withdraw from the transaction during the validity of the contract, 20% of the total purchase price shall be forfeited to cover administrative and incidental costs. Refunds (if applicable) shall only be processed after the property is resold and full payment is received from a new purchaser.