• 20% rental income per annum.
• Select preferred Community and Units of lands ( minimum unit 150sqms)

• Receipt of payment
• Land ownership allocation and documentations
• Deed of Agreement
• Certificate of purchase
• Quick Collateral free loans as a member and other membership benefits

Agrolandvest is powered by Flapcoop. Flap Multipurpose Cooperative Society Limited licensed by Lagos State Ministry of commerce, trade and cooperative Society Limited licensed by Lagos State Ministry of commerce, trade and cooperative.

Upon full payment and readiness to take possession the following Statutory Charges must be paid.

OGUN STATE (KOBAPE AND OFADA)

1. Red copy Survey and allocation fee (N30,000 per 150 sqm)

2. Legal Documentation of Land: Deed of Assignment N50,000:00)

3. Development fee: payable when Estate development into Residential or commercial purposes commences (N60,000 per 150sqm)

LAGOS STATE (EPE)

1. Red copy Survey and allocation fee (N60,000 per 150 sqm)

2. Legal Documentation of Land: Deed of Assignment (N100,000:00)

3. Development fee: payable when Estate development into Residential or commercial purposes commences (N120,000:00 per 150 sqm)

• Quick Collateral free loans as a member and other membership benefits

Agrolandvest is powered by Flapcoop. Flap Multipurpose Cooperative Society Limited licensed by Lagos State Ministry of commerce, trade and cooperative Society Limited licensed by Lagos State Ministry of commerce, trade and cooperative.

NOTE

1. Your purchased land is in an Estate (residential or commercial). Rental Income through our Agriculture initiative is an added value , while waiting for development. Rents are renewed annually.
2. You may either build on your land, rent, sell to or through FlapCoop at your decision.
3.  

Please read these Terms and Conditions (“Terms and Conditions”) carefully before fully subscribing to the Estate by appending your signature. Your confirmation of subscription by the Company is conditioned on your acceptance of and compliance with these Terms. These Terms apply to all Clients and successors in title to the said land. By signing these terms, you agree to be bound by these Terms. If you disagree with any part of the terms you are advised against subscribing. The terms are as follows:

1. The Land is free from government acquisition, adverse claim or any form of
2. The legal title to the Land is “Registered Survey”.
3. Upon subscription, you are required to fill in your personal contact details (phone number and email) on your subscription form to enable us give necessary information with respect to your property as against going through your
4. The Company will not be liable for information not received by you as a result of breach of clause 3
5. The only party recognized by the Company in receiving instructions and execution of documents as regards the property is the Client and in the event where the Client intends to delegate that responsibility to a third party, a written instruction either in a letter form or an official email has to be sent to the Company’s official email address before such third party can be recognized.
6. The transaction process flow are as follows:
7. Payment for Land
8. Contract of Sale/Deed of Agreement
9. The Client signs the Contract of Sale/Deed of Agreement and returns a copy to the office
10. Payment for Survey and
11. Issuance of allocation letter after full payment of all consideration
12. Collect Deed of Assignment
13. Collect Survey

7. The Payment structure for (500sqm) are as follows:

• Outright Payment – N 700,000
• Commercial plot and Corner piece attracts an additional 30% charge
• Survey and allocation fee – N200,000 per plot
• Legal Documentation (Deed of Assignment) – N100,000
• Development fees – N400,000 (payable when construction commences)

8. The Payment structure for (300sqm) are as follows:

• Outright Payment – N420,000
• Commercial plot and Corner piece attracts an additional 30% charge
• Survey and allocation fee – N100,000
• Legal Documentation (Deed of Assignment) – N100,000
• Development fee – N200, 000 (payable when construction commences)

9. That all payments will be made through the designated payment channels in favor of AssetRise Limited and under no circumstance shall cash payments be made to any of our officers, agents or staffs.
10. Where you are on a payment plan, after your initial payment, you are expected to pay the balance on monthly basis within the stipulated time frame. Non-payment of the total as at when due will be treated as a breach of contract which can either result to termination or revocation of
11. The facilities to be provided by the Company includes the following:

• Perimeter Fencing
• Beautification of the Estate
• Estate Gate House
• Road Network
• Electricity
• Recreational

12. You can sell your plot if you have paid up on your However, consent must be sought from and granted by AssetRise Limited and such consent not unreasonably withheld by the Company.

We would require you to furnish the company with details of the buyer. Provided always that with details of the buyer. Provided always that, where the plot to be sold is undeveloped and has not been maintained by the seller, and the Company has proceeded to keep the Plot maintained and secured on behalf of the seller, the Company shall be entitled to an additional 15% interest of the appreciation value (that is the difference between purchase price and current price) at the time of sale.

13. Assetrise Limited is the developer and manager of the Estate and only AsseRise can subcontract the function of facility management to a third Also all amenities installed in the Estate for public use are owned and managed by Assetrise only.
14. All cash payments should be made in favour of FLAPCOOP designated account number and under no circumstance shall cash payments be made to any of our officers, agents or

15. For personal or business reasons, no party shall seek for termination of this Agreement herein BEFORE OR ON the period of 3 months from the effective date of this Agreement. However, a party can send a notice of termination to the other party in writing at least 2 months before the date of termination as such the client will lose 45% of the cumulative amount paid in lieu of the land

The Company reserves the right to make changes (where necessary) to these terms and conditions to cater for the ever dynamic nature of the real estate industry.

Please read these terms and Conditions carefully before subscribing to the product—-Land Rental Income plus. The Agreement sets out the legally binding terms of subscription for your use of the product.

Upon subscribing to Land Rental Income plus (a product of FLAP Multipurpose Cooperative), you hitherto confirm that you understand and agree to all the terms stated herein.

Rental income:

You are entitled to earn a 30% rental income in 12 months when you pay outrightly, while you shall only be entitled to a 20% rental Income ( prorata basis) when you pay in installments.

There shall be a 7.5% Vat chargable and 2.5% bank and other charges deductible from earned rental income

 Funds Security:

Upon deposit of funds, the under listed shall be delivered to you:

1. Receipt of payment
2. Deed of Agreement
3. Certificate of purchase (for installments payments)

Statutory Charges

Upon full payment and readiness to take possession the following Statutory Charges must be paid

OGUN STATE (KOBAPE AND OFADA)

1. Red copy Survey and allocation fee (N30,000 per 150 sqm)
2. Legal Documentation of Land: Deed of Assignment N50,000:00)
3. Development fee: payable when Estate development into Residential or commercial purposes commences (N60,000 per 150sqm)

LAGOS STATE (EPE)

1. Red copy Survey and allocation fee (N60,000 per 150 sqm)
2. Legal Documentation of Land: Deed of Assignment (N100,000:00)
3. Development fee: payable when Estate development into Residential or commercial purposes commences (N120,000:00 per 150 sqm)

Product  FAQ

Our Product FAQ contains Frequently Asked Questions on the product—- Land Rental Income. Thus, by agreeing to the terms contained therein, you are deemed to have fully subscribed to same at will.

Mode of Payment

FLAP Multipurpose Cooperative Society Limited (FLACOOP) does not accept payments either by bank transfer, deposit, cheques, bank drafts, or cash through any Agent, Consultant, or Associate of the company. All payments should be made through the designated payment channels in favor of FLAP Multipurpose Cooperative Society  Limited . FLAPCOOP shall not be liable for any loss due to failure to adhere strictly to these terms and conditions.

Transfer of Interest

In the event the Buyer decides to take full ownership of the within named property, the buyer shall pay additional charges for Survey Plan, Development Fee and Deed of Assignment as shown above and in the Product FAQ.

Termination

For personal or business reasons, no party shall seek for termination of this Agreement herein BEFORE OR ON the period of 3 months from the effective date of this Agreement. However, a party can send a notice of termination to the other party in writing at least 2 months before the date of termination

And in the event you terminate this Agreement before maturity, you shall forfeit all Rental Income accrued upon the contract sum.

Fraud/illegality

The Cooperative shall not be liable for any damages at tort or under criminal code and laws of the federation for such deposits received from you, which is illegal or questionable.

Right to Update

The Cooperative reserves the right to update its policies at any given time to cater for changes in industry and market space.

10% Service charge on profit

1. Your land purchased is in an Estate (residential or commercial). Rental Income through our Agriculture initiative is an added value , while waiting for development. Rents are renewed annually.
2. You may either build on your land, rent, sell to or through FlapCoop at your decision.

***T and C applies