FREQUENTLY ASKED QUESTIONS

Q1. WHERE IS THE ESTATE LOCATED? PRIME VIEW ESTATE is located at Umaru Musa Yar’adua way, Millennium city, Kaduna.

Q2. WHO ARE THE DEVELOPERS/PROMOTERS OF THE ESTATE? Al Nuri Duniya Nig Ltd is the Developer, while Pumpkin Investment Ltd is the Sole Promoter/Marketer.

Q3. WHAT TYPE OF TITLE DO YOU HAVE ON THE PROPERTY? Global R of O

Q4. ARE THERE ANY ENCUMBRANCES ON THE PROPERTY? The building is free from government acquisition and adverse claims

Q5. IS THERE A PAYMENT PLAN? YES. The Purchaser may choose from the following payment plans: - OUTRIGHT PAYMENT: 100% of the purchase price payable immediately. - 3-MONTH PLAN: 40% initial payment, followed by two monthly payments of 30% each. - MORTGAGE PLAN

Q6. WHAT ARE THE INFASTRUCTURE EXPECTED TO BE PUT IN PLACE? Good Access Roads, Perimeter Fencing & Gated Entry, 24-Hour Security Surveillance, Reliable Electricity Supply, Steady Water Supply, Drainage System, Street Lighting, Green & Recreational Areas, Waste Management System, Parking Spaces, Shopping & Convenience Stores, Schools, Health & Fitness Facilities.

Q7. WHAT DO I GET AFTER THE INITIAL PAYMENT FOR THE HOUSING UNIT? Provisional Offer Letter and Receipt for the payment made.

Q8. IS THE ROAD TO THE ESTATE ACCESSIBLE? Yes, the Estate is by a tarred road.

Q9. WHEN WILL MY HOUSING UNIT BE ALLOCATED TO ME? Once payment for the housing unit has been made in full.

Q10. ARE THERE ANY RESTRICTIONS REGARDING THE HOUSING UNITS? I. It is strictly for Residential purpose. II. The Facility Managers shall recommend qualified artisans for maintenance and repair works within the estate, as may be required by residents.

Q11. CAN I PAY TO YOUR BROKER? No. All payments should be made into AL NURI DUNIYA NIGERIA LIMITED account assigned to that estate. Cheque (s) should be issued in favor of Al Nuri Duniya. We shall not be held accountable for any liability that may arise as a result of default from the above instruction

Q12. WHAT HAPPENS IF I CANNOT CONTINUE WITH THE PAYMENT? CAN I GET A REFUND? You can make reference to our policies below

Q13. CAN I RESELL MY HOUSING UNIT? Yes, a client who paid for a housing unit can resell their unit. However, approval must be sought and granted by Al Nuri Duniya management. We would require the re-seller to provide the company with details of the buyers so as to update our database.

Q14. IS THERE DEFAULT POLICY?

a. The company reserves the right to revoke the application where the client defaults on the payment plan for three months, and the property will be deemed forfeited.

b. In the event that there is a default in payment of purchase consideration or statutory fees within the agreed time frame, it shall amount to the fundamental breach of this agreement and the Broker (Pumpkin Investment) and the Developer (Al Nuri Duniya) will not be held liable if Housing units in PRIME VIEW ESTATE have been sold-out; Where there is default in payment and estate is not sold-out, purchaser has the option to move payments into other existing estates (still selling) of the developer by properly notifying them of such move, and filling all necessary forms.

c. Yes, in the event of revocation or termination, the Developer and Broker shall not be liable to make any refund to the existing purchaser until the Developer has received his funds corresponding in value to the amount to be refunded from the third-party purchaser of the property.

d. REFUND POLICY
Al Nuri Duniya does not allow or process refunds for purchase fees or other related charges. Buyback Option Whereas, the Client has purchased a property from the Company, and circumstances may arise where in the Client is no longer interested in maintaining ownership of said property; Whereas, the Company is open to providing a buyback option to the Client, subject to the terms and conditions outlined herein, in consideration of the mutual promises and covenants contained herein, the parties agree as follows:

1. Buyback Option:

1.1 If the Client is no longer interested in maintaining ownership of the property, the Clients shall have two options:

(a) Actively seek a buyer for the property

(b) request the company to purchase the property from the client.

1.2 If the client chooses to have the company repurchase the property, the client acknowledges that the repurchase price shall be 20% reduced from the initial purchase sum. The initial purchase sum is defined as the amount agreed upon at the time of the original purchase of the property.

2. Payment Terms:

2.1 If the clients opt for the buyback option, the payment for the property shall be made by the company of the client. The payment shall be disbursed to the client in the form of staggered installments.

2.2 The installment payments shall commence 90 days after the signing of this Deed of Assignment, and the specific amounts and time frame for each installment shall be mutually agreed upon in a separate agreement between the company and the client.

3. Discretionary Company Buyback:

3.1 The company reserves the right to decide, at its sole discretion, whether to proceed with the buyback of the property at any given point. The company may discontinue with the buyback option based on its assessment market conditions, financial considerations, or any factors it deems relevant.

RESELL CLAUSE:

1. Sell Option: Previous buyer may independently sell the property. Upon securing a buyer, they must obtain a release form, enabling them to proceed with their sale, even if the full payment for the house has not been completed.

2. Full Payment Option: The new buyer of the property will make the full payment for the property directly to, Al Nuri Duniya, as the seller.

3. Payment Split Option: (Please Note That This Is Optional) This is applicable where the new buyer will make a partial payment for the property, while the remaining amount will be completed by the initial owner to Al Nuri Duniya, as seller.

RELEASE CLAUSE:

Upon successful completion of the agreed payment and agreement terms, Pumpkin Investment will release and transfer the ownership rights of the property from the initial purchaser to the new buyer. Both parties agree to cooperate in the seamless transfer of property rights. Please note that this form is provided as general template, and additional clauses or modifications may be required as per the specific requirements of the reselling agreement. It is advisable to consult a legal professional for a comprehensive and customized agreement.