*LAND MATTERS 17.0*
"I always felt very secure and very safe with real estate. Real estate always appreciates"- Donald Trump.
*THINGS TO CONSIDER BEFORE MAKING LAND PURCHASE:-*
Certain considerations must weigh on one's mind before making any land purchase. These should inform one's decisions and guide the choices to make:
1. *LOCATION:*
It is a common saying that for one to reap great returns on land investment: location is everything!
The value placed on any land, more often than not, is always depended on the location. This also largely determines the prices of land. A land proximate to massive projects, developments and business concerns is bound to appreciate faster than anyone else. You know that Ibeju Lekki is the best location to buy land in Africa today for this reason. Don't you?
2. *EXISTING RIGHTS:*
Enquires about the status of any land as regards this is germane. Such interests may vitiate the title of a new purchaser. By existing land rights we mean, mortgages, leases, charges, liens, etc.
In recent times, findings have revealed that some people's purchase claims are simply subleases. Land can be leased for as long a term as 99 years, the right of such lands reverting to the lessor or his heirs after the expiration of the term. Anyone who "buys" such lands have only acquired a temporary interest.
3. *GOVERNMENT ACQUISITION:*
Due diligence must be conducted to determine government's interest in any land.
For this purpose, there are two forms of government's acquisition: committed and non committed (global) acquisition. It is not safe to buy any land under any of these acquisitions. However,a land under non committed acquisition, when concerned aborigines demand, are often released upon the prerogative of the governor by an excision process. A land under committed acquisition is a No, No! Government can decide at any time to use such lands for their specific purposes and all structures erected on them can be destroyed. Even such unlicensed "squatters" can be prosecuted.
*Key into any of our lands and have guaranteed rest of mind:*
👉 Brooklyn Court, Ibeju Lekki
N800,000
👉 Flourish Residence
Behind Novare Mall, Monastery Road, Ajah
N13M
👉 HillCrest Estate, Abuja
Price: N3M (Land space for Pent House)
N4.5M (Land space for Duplex)
👉 Magodo Height Estate, Magodo GRA
Price: N40M
👉Christal Villa Kentops, Ibadan
Price: N800,000
👉Christal Villa Mariam Estate, Calabar
Price: N1M
And so on.
*We work with your budget.*
Contact us.
WhatsApp: 08034334692
IG: @qlhomes
Facebook: www.facebook.com/qlhomes
Blog: www.qlhomes.blogspot.com
*Love drives us!*
Sunday, 20 May 2018
Sunday, 15 April 2018
LAND MATTERS 16.0.
LAND MATTERS 16.0.
THE LAND USE CHARGE AND ITS IMPLICATIONS FOR LAND OWNERSHIP
Recently, the Lagos State Government implemented a new Land Use Charge Law (LUCL), 2018. The LUCL repealed the Land Use Charge Law, 2001 and provided for a standardised and regulated system, much clarity in the formulae for calculating the charge as well as possibility of self-assessment.
The Law with 27 sections harmonised pre-existing land charges and attempts to increase the revenue base of the State by capturing more payers.
Opinions are widely divided as to the (un)fairness of the Law, and these have been expressed in several critical reviews.The concern here is not a reproduction of these reservations or of the provisions of the Law itself. We seek to draw inferences of the perceived implications of the Law for land ownership.
At first glance, it is the concern that the burden of payment of the charge can easily be pushed to tenants. Unlike the repealed 2001 Law, the new Law identifies 'owners or occupiers' of a lease as having the obligation of payment. It is true that the government has insisted that property owners are the one to pay, but such inelegant drafting can be exploited by unconscionable landowners. Given the housing deficits problems of Lagos State, tenants would have no choice but swallow the bitter pill. This reinforces the street slogan that: only the poor pay taxes!
Perhaps more compelling is the ripple effects of the Law on the property market. To maintain their rent profits, landowners will increase rents to meet up with the new reassessment. Although this will increase the value of properties generally, it will also invariably result in increased cost of living. In this condition, only tenants get to suffer the consequences. Isn't it time you also become a landowner?
POST SCRIPT:
We have some "own-your-own-house project" that you can key into-
1. WEALTHLAND GREEN ESTATE, Oribanwa, Lekki Peninsula, Lagos
3 Bedroom Flat with C of O: N10.95M
2 Bedroom Terrace Duplex with C of O: N13.8M
3 Bedroom Terrace Duplex with C of O: N16.675M
4 Bedroom Terrace Duplex with C of O: N18.975M
2. FLOURISH RESIDENCE, Monastery Road, Sangotedo, Ajah
3 bedroom luxury flat with service quarters: N28M
3. FLOURISH RESIDENCE, Eluju, Bojige, Ibeju Lekki
2 bedroom semidetached bungalow: N14M
3 bedroom semidetached bungalow: N16M
4 bedroom terrace: N28M
Instalment payment plan available. Land also available at different locations.
For further information, contact: 08034334692 (WhatsApp enabled)
Visit: www.qlhomes.blogspot.com.
THE LAND USE CHARGE AND ITS IMPLICATIONS FOR LAND OWNERSHIP
Recently, the Lagos State Government implemented a new Land Use Charge Law (LUCL), 2018. The LUCL repealed the Land Use Charge Law, 2001 and provided for a standardised and regulated system, much clarity in the formulae for calculating the charge as well as possibility of self-assessment.
The Law with 27 sections harmonised pre-existing land charges and attempts to increase the revenue base of the State by capturing more payers.
Opinions are widely divided as to the (un)fairness of the Law, and these have been expressed in several critical reviews.The concern here is not a reproduction of these reservations or of the provisions of the Law itself. We seek to draw inferences of the perceived implications of the Law for land ownership.
At first glance, it is the concern that the burden of payment of the charge can easily be pushed to tenants. Unlike the repealed 2001 Law, the new Law identifies 'owners or occupiers' of a lease as having the obligation of payment. It is true that the government has insisted that property owners are the one to pay, but such inelegant drafting can be exploited by unconscionable landowners. Given the housing deficits problems of Lagos State, tenants would have no choice but swallow the bitter pill. This reinforces the street slogan that: only the poor pay taxes!
Perhaps more compelling is the ripple effects of the Law on the property market. To maintain their rent profits, landowners will increase rents to meet up with the new reassessment. Although this will increase the value of properties generally, it will also invariably result in increased cost of living. In this condition, only tenants get to suffer the consequences. Isn't it time you also become a landowner?
POST SCRIPT:
We have some "own-your-own-house project" that you can key into-
1. WEALTHLAND GREEN ESTATE, Oribanwa, Lekki Peninsula, Lagos
3 Bedroom Flat with C of O: N10.95M
2 Bedroom Terrace Duplex with C of O: N13.8M
3 Bedroom Terrace Duplex with C of O: N16.675M
4 Bedroom Terrace Duplex with C of O: N18.975M
2. FLOURISH RESIDENCE, Monastery Road, Sangotedo, Ajah
3 bedroom luxury flat with service quarters: N28M
3. FLOURISH RESIDENCE, Eluju, Bojige, Ibeju Lekki
2 bedroom semidetached bungalow: N14M
3 bedroom semidetached bungalow: N16M
4 bedroom terrace: N28M
Instalment payment plan available. Land also available at different locations.
For further information, contact: 08034334692 (WhatsApp enabled)
Visit: www.qlhomes.blogspot.com.
Sunday, 11 March 2018
LAND MATTERS 15.0
*LAND MATTERS 15.0*
“He is not a full man who does not own a piece of land”- Hebrew Proverb.
*'3Ps' of LAND TRANSACTION*
Land, by nature, is sui generis- unlike other products, land is not an off-the-shelf commodity. One cannot walk into a 'land mart' pick what land one desires, make payment and walk away.
Due to this fact, certain cautionary measures must be taken for proper land transaction. Three of these would be given here. These are dubbed the '3Ps'.
1. *Proper Payment:*
The regime of cashless policy has whittle down the impact of this, nevertheless it is important to stress it: Never make cash payment for land! Land transaction should be routed through a financial institution for evidential purposes. When an online payment platform is utilized, successful transaction details should be printed and safely kept.
2. *Proper Parties:*
It is instructive that where a person wants to reserve the spouse's name to reflect in the land purchase agreement, such name must be written out in full.
To illustrate, the proper parties are, "Mr. Edward Owolabi and Mrs. Ronke Owolabi" and not "Mr. and Mrs. Owolabi." Using the latter is vague and can result in needless controversy in future. In the event that the man has or marries other wives, it becomes contentious which "Mrs. Owolabi" has an interest in the property. Moreover, the man's siblings also have "Owolabi" as their surnames and can as well lay claim to the land in future.
3. *Proper Vendor:*
The interest one has in a land is as good as that possessed by one's predecessor-in-title. The effect of this is that a vendor cannot give a better title than what he himself possess. Simply put, where one buys land from a person who by right has no title to such property, one has only succeeded in buying nothing.
Unlike other products, proof of payment does not ipso facto amount to proof of title to land. Buying land from unscrupulous and fraudulent elements, who are unfortunately increasing in this clime and are lying in wait to pry on innocent people, will amount to buying a law suit.
Don't buy a Law Suit! Talk to us for hassle and worry-free land in our various estates at Lekki, Ajah, Ibeju Lekki, Magodo, Mowe, Ikorodu, Shimawa, Arepo, Ibadan, Abuja, Amambra, etc. We have some amazing discounts for you this Easter Period.
Contact: 08034334692
Visit: www.qlhomes.blogspot.com
www.facebook.com/qlhomes
Your interest is paramount to us!
“He is not a full man who does not own a piece of land”- Hebrew Proverb.
*'3Ps' of LAND TRANSACTION*
Land, by nature, is sui generis- unlike other products, land is not an off-the-shelf commodity. One cannot walk into a 'land mart' pick what land one desires, make payment and walk away.
Due to this fact, certain cautionary measures must be taken for proper land transaction. Three of these would be given here. These are dubbed the '3Ps'.
1. *Proper Payment:*
The regime of cashless policy has whittle down the impact of this, nevertheless it is important to stress it: Never make cash payment for land! Land transaction should be routed through a financial institution for evidential purposes. When an online payment platform is utilized, successful transaction details should be printed and safely kept.
2. *Proper Parties:*
It is instructive that where a person wants to reserve the spouse's name to reflect in the land purchase agreement, such name must be written out in full.
To illustrate, the proper parties are, "Mr. Edward Owolabi and Mrs. Ronke Owolabi" and not "Mr. and Mrs. Owolabi." Using the latter is vague and can result in needless controversy in future. In the event that the man has or marries other wives, it becomes contentious which "Mrs. Owolabi" has an interest in the property. Moreover, the man's siblings also have "Owolabi" as their surnames and can as well lay claim to the land in future.
3. *Proper Vendor:*
The interest one has in a land is as good as that possessed by one's predecessor-in-title. The effect of this is that a vendor cannot give a better title than what he himself possess. Simply put, where one buys land from a person who by right has no title to such property, one has only succeeded in buying nothing.
Unlike other products, proof of payment does not ipso facto amount to proof of title to land. Buying land from unscrupulous and fraudulent elements, who are unfortunately increasing in this clime and are lying in wait to pry on innocent people, will amount to buying a law suit.
Don't buy a Law Suit! Talk to us for hassle and worry-free land in our various estates at Lekki, Ajah, Ibeju Lekki, Magodo, Mowe, Ikorodu, Shimawa, Arepo, Ibadan, Abuja, Amambra, etc. We have some amazing discounts for you this Easter Period.
Contact: 08034334692
Visit: www.qlhomes.blogspot.com
www.facebook.com/qlhomes
Your interest is paramount to us!
Sunday, 11 February 2018
LAND MATTERS 14.0
*A DEED OF GIFT*
Jude and Wole are office pals. They keep confidence of each other and have become inseparable. It was few days to Valentine. Wole was lost in thought and he didn't see Jude enter his office.
*Jude:* (slaps him playfully on his back) O'boy, why you dey look dejected? They don give you query?
*Wole:* (smiles) Query? Not again. After that last one, I don behave myself. I've just been thinking of how to delight my family this season.
*Jude:* (shrug) That one no hard na. Just do something unique.
*Wole:* That's the point. I can't seem to think of anything outstanding. Last year, we went on a weekend get-away to Obudu Cattle Ranch. Two years ago, I bought a brand new saloon car for my wife and an SUV for the family. Three, years, I changed the children's wardrobe, and bought different sets of gowns, shoes and jewelry for my wife. I seem to have exhausted all available options.
By the way, wetin you get for mind to do?
*Jude:* (philosophically) I'll be spending to get more riches and not to get poor.
*Wole:* (confused) And, what do you mean by that?
*Jude:* (sat more comfortably and adjusted his tie) There's a certain gift which is tangible, permanent and a fixed store of value.
*Wole:* (drew closer to listen with rapt attention)
*Jude:* It is the rich man's bank, it never depreciates, always outlive the purchaser and get passed down from generation to generation.
*Wole:* (his face becomes brighter) Wait...Wait...
*Jude:* I'm talking about Real Estate- Land.
*Wole:* Eureka! I gorrit!! You just made my day. This is surely the best gift anyone can desire.
*POST SCRIPT:*
Love is better expressed by giving. Give your loved ones a deed of gift, and your love will forever be etched in their hearts.
Here are our valentine promo offer, specially for you:
✅Royalty Garden, Idasho, Ibeju Lekki
*Promo Price:* N750,000 per plot (Buy 5 get 1 free)
✅Lekki Sunrise Garden, Lepia Town, Ibeju Lekki
*Promo Price:*N1.5 m per plot (Buy 5 get 1 free)
✅BridgeVille Courts, Magodo, Phase 2
*Promo Price:* N 39,000 per sqm ( N23, 400,000 per plot)
✅Flourish Residence, Monastery Road, Behind Novare Lekki Mall, Ajah.
*Promo Price:* N17.1 m per plot.
*NB:* Land available in other parts of Lagos and outside Lagos at Ibadan, Abuja, Anambra, etc.
*Contact:* 08034334692 (WhatsApp enabled)
*Visit:* www.qlhomes.blogspot.com
www.facebook.com/qlhomes
*Remember, always discuss land matters because, Land Matters!*
We love you!
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