ECO-TECH GARDENS
Mgbirichi
ECO-TECH GARDENS
Mgbirichi
About ECO-TECH GARDENS
Secure your future in Eco-Tech Gardens Mgbirichi, a premier estate offering customary right of occupancy (Survey & Deed of Assignment) plots measuring 464 sqm each. Perfect for building your dream home or investment property, this estate promises a serene environment with modern amenities. Embrace a lifestyle of tranquility and sustainability."
Estate Layout & Availability
Block BLOCK A
10 availableBlock BLOCK B
6 availableEstate Gallery
Available Plot Types
COMMERCIAL (464sqm)
464 sqm
RESIDENTIAL (464sqm)
464 sqm
Terms & Conditions
PROPERTY INSPECTION
Clients or their representatives are advised to inspect the site, subsequent to confirmation of appointments made at Eco-Tech LTD office or with the designated sales representative/realtor. NB: The Company shall not be held liable for claims/issues arising from client’s inability/failure to inspect the property before purchase, and it is deemed that the property was duly inspected by subscribers and/or their representatives upon payment and signing of this form. Alternatively, client can consent to view estate materials online. VIRTUAL INSPEECTIONS: Inspections can be done virtually from our head office in Lagos in our VR studio.
ALLOCATION TIMELINE
Physical allocation is instant and would be done in a minimum of three (3) months after completion of payment in order of subscription/payment and upon confirmation of at least 50% payment of primary infrastructure fees. Note: Priority is given to clients who paid one-off over 3 months’ outright and 6 months instalment payment plan.
DOCUMENTATION
The following documents will be issued: I. Upon payment of initial deposit, a letter of acknowledgement of subscription/email from the office, receipt of payment for initial deposit would be issued, and also instalment payment receipt(s) for further instalments. These are issued instantly through our automated systems through the web/mobile App. II. Contract of Sales, Payment Receipt and Payment Notification Letter would be issued upon final payment of the total sum. These are also issued instantly through our automated systems through the web/mobile App. III. Deed of Assignment & Survey Plan within four (4) months of payment provided that Documentation fee has been paid where applicable and physical allocation has been done. N/B: In accordance with relevant laws, your Deed of Assignment CANNOT be executed on your behalf except upon production of a duly executed and registered Power of Attorney appointing your representative to execute on your behalf OR in the alternative a duly executed Power of Attorney authenticated by a Court of competent jurisdiction.
PLOT DEVELOPMENT TIMELINE
There must be evidence of active possession on your land within six (6) months of physical allocation i.e., at least fencing of plot(s). Where an allocated plot is not fenced within the stipulated time frame (6 months), the Company reserves the right to reallocate the subscriber to another area of the estate or a nearby scheme. Subscribers must have paid at least 50% of the primary infrastructure fees, give proper notice and obtain written clearance from the management through the project and development unit, as well as get building permit approval from the Imo State Government before commencement of development on their plot.
BUILDING CONTROL RESTRICTION
In the event that the subscriber intends to build, it must be in conformity with the approved layout of the estate development guideline and building restriction below; I. The estate layout is in sections and you are limited to build houses/structures on each section based on designated use or plan for that section (i.e. Residential/Commercial) i.e. bungalow, block of flats, semi/fully detached houses (duplex) etc. II. All building design must conform to the required set back & building control of the estate as designed and approved by the company and with Imo State Government.
ESTATE DEVELOPMENT TIMELINE
Primary infrastructure will be provided within the first to second year of introducing the estate and other infrastructure will commence with regard to the general level of development in the area, satisfactory evidence of possession of plots by subscribers. Estate updates are regularly sent via email & our social media channels. Customers are encouraged to follow us on our social media channels Eco-Tech LTD (Facebook & YouTube); @ecotechdynamicrelaty (Instagram); @ecotechdynamic (x), @eco-tech-dynamic-realty-ltd (LinkedIn).
RESALE/TRANSFER OF PLOT
I. Subscribers who have paid up on their land can re-sell their plot. However, Eco-Tech LTD must be duly notified for proper regularization. II. 10% of the land consideration paid by the subscriber will be payable by/through the subscriber to the Company for transfer/regularization of title/documentation. III. The new subscriber shall bear the cost of procuring a new survey plan, title deed, and any other documents as may be required for the transfer, at the prevailing rates at the time of transfer. IV. For avoidance of doubt, ECO-TECH LTD is not obligated to get a third-party to acquire the interest of the subscribers. We do not resell for subscribers currently. V. In the event that a subscriber wants to transfer his/her subscription from this estate to another estate, a transfer fees of 10% of the value of the current estate shall be paid in addition to the cost of the estate.
DISPUTE RESOLUTION
It is understood that this transaction is purely civil and contractual in nature and any difference, controversy or dispute arising out of or connected with the terms of this document or any breach thereof which cannot be mutually resolved by amicable discussions between the parties shall be referred to the Delta State Multi Door Court House (DSMDCH) for Mediation to be conducted in accordance with the (DSMDCH) Mediation Guidelines. Unless the parties agree otherwise, the dispute shall be resolved by a sole mediator appointed in accordance with the provisions of the (DSMDCH) Mediation Guidelines. The Mediation shall be held in Imo State, Nigeria. The settlement agreement reached by the parties pursuant to the Mediation shall be final and binding as soon as same is signed by the parties or their representatives. Unless the parties agree otherwise, in the event that the dispute cannot be resolved within 30 (thirty) days of the appointment of the Mediator, the dispute shall be referred to any other dispute resolution mechanism administered by the DSMDCH. By this clause, subscribers agree that petitioning the Police, Economic and Financial Crimes Commission or any other agency tasked with criminal investigations without full recourse to this clause will be deemed a breach of contract on the subscriber’s part.
SUBSTITUTION CLAUSE
In the event that the vendor is, for any reason beyond their control, unable to deliver vacant and physical possession of the Property described herein the Vendor shall have the right, with written notice to the Subscriber, to allocate/reallocate subscribers to a new or nearby scheme or phase of the estate or a new estate of equivalent market value, size, and location, subject to the Subscriber’s reasonable approval. If the Subscriber accepts the alternate property, all terms and conditions of this Agreement shall apply to the substituted property as if it were the original. If the Subscriber does not accept the alternate property within 30 days of the offer, the Subscriber shall have the right to terminate this Agreement and request a refund. Any such refund shall be subject to the terms outlined in the refund clause of this Agreement.
CYBERBULLYING/STALKING
Subscribers accept that publishing malicious content either in print or social media in a way whether intended or not to cause harm and damage to the Company in disregard of the Dispute Resolution Clause can attract civil and criminal liabilities under the laws of the Federal Republic of Nigeria.
REFUND POLICY
A refund shall be made if; I. The subscriber continuously defaults or fails to complete the purchase sum at the end of the payment plan. II. The subscriber decides to discontinue with the subscribed plan upon a written notification to the Company. III. The subscriber terminates this Agreement and request a refund IV. Where the subscriber continuously violates the terms and conditions of the subscription V. The subscriber is required to give the Vendor a minimum of one hundred and twenty days (120) days’ written/email notice to process the refund request and a further 60 days if the process isn’t completed after the first 120 days VI. In the event that a client has physically been allocated, he can no longer request for a refund, hence you can only resell. VII. All instances requiring refund as contained in clause Q18 (i) & (ii) shall be subject to a 40% (Administrative, Logistics & Agency Fees). For refunds that are requested for after the expiration of the payment plan, demurrage/default fees will be deducted from the refundable amount.
DEATH OF SUBSCRIBER
In the event of the death of the Subscriber upon completion or prior to the completion of all contractual obligations under this Agreement, the rights, interests, and liabilities of the Subscriber in respect of the land herein subscribed for shall devolve upon the lawful heirs, next of kin, or personal representatives of the deceased Subscriber, subject to the presentation of valid legal documentation, including but not limited to: • A certified copy of the death certificate; • A letter of administration or grant of probate issued by a competent Nigerian court; • A sworn affidavit of next of kin (where applicable); and • Any other relevant documentation as may be reasonably required by the Vendor. Upon verification and satisfaction of the Vendor, the Vendor shall recognize and deal with the personal representative(s) or lawful beneficiary(ies) of the deceased Subscriber in respect of all matters arising from this Agreement. However, such recognition shall not relieve the estate of the deceased Subscriber of any outstanding obligations or liabilities incurred prior to death, including unpaid balance(s), fees, or charges due under this Agreement.
PAYMENT
All payment should only be made to ECO-TECH LTD at its designated Bank Accounts, within or without the use of our mobile application. Cheque(s)/bank drafts should be issued in favor of ECO-TECH LTD. We shall not accept any responsibility for any liability that may arise as a result of a deviation from the above instruction. Note: We are a Nigerian Company and solely transact in the Naira currency, the foreign exchange rate and fluctuation does not apply for all intents and purposes at any time before, during or after this transaction. DECLARATION THEREFORE, THE INFORMATION PROVIDED AND THE TERMS & CONDITIONS IN THE FAQ HERETOFORE, ARE ACCEPTABLE AND CONSENTED BY ME/US AND I/WE ACKNOWLEDGE RECEIVING A COPY OF IT. If subscriber is a company or business name, two directors or the proprietor(s) respectively must sign the subscription form and attach Form C07 & Certificate of Incorporation or Certificate of Business Name Registration. For a company, the name must end with LTD, while for a Business Name, the subscriber is the Proprietor trading in the name & style of the business name e.g. Mr JOHN (trading in the name & style of ECO-TECH LTD). A company must also attach a board resolution authorizing the purchase.
ANTI-MONEY LAUNDERING DECLARATION
ECO-TECH LTD - Declaration relating to the combat against money laundering (AML) and Combating the Financing of Terrorism (CFT) By proceeding with this transaction, (“the client”) Corporate or individual client - Hereby confirms that: a. The money paid by me to ECO-TECH LTD is not a proceed of crime b. ECO-TECH LTD and I are subject to and obliged to comply with all relevant laws, regulations, lawful orders or directives relating to the combat against money laundering (AML) and terrorism financing c. I ensure and agree to compliance with anti-money laundering laws and regulations regarding the source of funds for the transactions with ECO-TECH LTD. d. I shall indemnify ECO-TECH LTD of any loss or injury suffered either by it or its employee arising from actions of law enforcement agencies including the judiciary. Purchase of the property stated herein means you have Signed to abide by this by the Client or Client’s Representative:
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