FREQUENTLY ASKED QUESTIONS
Answering your questions
Answering your questions
Got more questions? Send us your enquiry below
Got more questions? Send us your enquiry below
Why would someone choose this instead of simply buying a full apartment?
Many Nigerians abroad are not trying to permanently relocate or take on the stress of maintaining a full property they may only use a few weeks a year. The Lagos Address is designed for people who want the comfort and permanence of ownership in Lagos without the operational burden that usually comes with it. It also helps owners avoid the common challenges of leaving properties under the care of friends, relatives, or family members, which can sometimes lead to misuse, neglect, unauthorized occupation, or financial dishonesty while the owner is away.
What if I stop coming to Nigeria frequently in future?
Your ownership remains yours permanently. You may continue using it, lease it out, resell it independently, or explore structured resale and buyback options. PropMAX retains the first option of buyback. In situations where the owner chooses to sell independently, PropMAX will vet and verify the incoming buyer to maintain the integrity, security, and quality of the ownership community.
Can my family or friends use my allocation?
Yes. Many owners will likely use their allocation not just personally, but for visiting family members, relatives, or guests coming into Lagos. Owners may also invite family members or friends to stay with them during their period of use in Lagos.
What do I get for referring prospective buyers?
You receive 20% of the agency fee paid on any successful referral transaction.
What is the agency fee payable?
Agency Fee Ordinarily, the professional agency fee recognized within Nigerian real estate practice is 10% of the purchase price. However, PropMAX is offering a 50% discount, reducing the agency fee payable to 5%. Legal Fee A legal documentation and perfection fee of 5% also applies to the transaction.
What security provisions are available for occupants?
The property features: ● Uniformed security personnel at the entrance ● 24hr CCTV surveillance within the premises ● Controlled access entry systems ● Restricted access to occupants and approved guests only ● 24hr monitored street security ● Uniformed security personnel at both street entry points ● 24hr street lighting coverage ● High Priority Response from the Police Force
What are the electricity and power provisions for residents?
Lekki Phase 1 typically enjoys between 16–24 hours of public electricity supply daily. Additionally, the property is supported by a dedicated backup generator system, ensuring uninterrupted 24hr power supply for all residents.
Why would someone choose this instead of simply buying a full apartment?
Many Nigerians abroad are not trying to permanently relocate or take on the stress of maintaining a full property they may only use a few weeks a year. The Lagos Address is designed for people who want the comfort and permanence of ownership in Lagos without the operational burden that usually comes with it. It also helps owners avoid the common challenges of leaving properties under the care of friends, relatives, or family members, which can sometimes lead to misuse, neglect, unauthorized occupation, or financial dishonesty while the owner is away.
What if I stop coming to Nigeria frequently in future?
Your ownership remains yours permanently. You may continue using it, lease it out, resell it independently, or explore structured resale and buyback options. PropMAX retains the first option of buyback. In situations where the owner chooses to sell independently, PropMAX will vet and verify the incoming buyer to maintain the integrity, security, and quality of the ownership community.
Can my family or friends use my allocation?
Yes. Many owners will likely use their allocation not just personally, but for visiting family members, relatives, or guests coming into Lagos. Owners may also invite family members or friends to stay with them during their period of use in Lagos.
What do I get for referring prospective buyers?
You receive 20% of the agency fee paid on any successful referral transaction.
What is the agency fee payable?
Agency Fee Ordinarily, the professional agency fee recognized within Nigerian real estate practice is 10% of the purchase price. However, PropMAX is offering a 50% discount, reducing the agency fee payable to 5%. Legal Fee A legal documentation and perfection fee of 5% also applies to the transaction.
What security provisions are available for occupants?
The property features: ● Uniformed security personnel at the entrance ● 24hr CCTV surveillance within the premises ● Controlled access entry systems ● Restricted access to occupants and approved guests only ● 24hr monitored street security ● Uniformed security personnel at both street entry points ● 24hr street lighting coverage ● High Priority Response from the Police Force
What are the electricity and power provisions for residents?
Lekki Phase 1 typically enjoys between 16–24 hours of public electricity supply daily. Additionally, the property is supported by a dedicated backup generator system, ensuring uninterrupted 24hr power supply for all residents.
Why would someone choose this instead of simply buying a full apartment?
Many Nigerians abroad are not trying to permanently relocate or take on the stress of maintaining a full property they may only use a few weeks a year. The Lagos Address is designed for people who want the comfort and permanence of ownership in Lagos without the operational burden that usually comes with it. It also helps owners avoid the common challenges of leaving properties under the care of friends, relatives, or family members, which can sometimes lead to misuse, neglect, unauthorized occupation, or financial dishonesty while the owner is away.
What if I stop coming to Nigeria frequently in future?
Your ownership remains yours permanently. You may continue using it, lease it out, resell it independently, or explore structured resale and buyback options. PropMAX retains the first option of buyback. In situations where the owner chooses to sell independently, PropMAX will vet and verify the incoming buyer to maintain the integrity, security, and quality of the ownership community.
Can my family or friends use my allocation?
Yes. Many owners will likely use their allocation not just personally, but for visiting family members, relatives, or guests coming into Lagos. Owners may also invite family members or friends to stay with them during their period of use in Lagos.
What do I get for referring prospective buyers?
You receive 20% of the agency fee paid on any successful referral transaction.
What is the agency fee payable?
Agency Fee Ordinarily, the professional agency fee recognized within Nigerian real estate practice is 10% of the purchase price. However, PropMAX is offering a 50% discount, reducing the agency fee payable to 5%. Legal Fee A legal documentation and perfection fee of 5% also applies to the transaction.
What security provisions are available for occupants?
The property features: ● Uniformed security personnel at the entrance ● 24hr CCTV surveillance within the premises ● Controlled access entry systems ● Restricted access to occupants and approved guests only ● 24hr monitored street security ● Uniformed security personnel at both street entry points ● 24hr street lighting coverage ● High Priority Response from the Police Force
What are the electricity and power provisions for residents?
Lekki Phase 1 typically enjoys between 16–24 hours of public electricity supply daily. Additionally, the property is supported by a dedicated backup generator system, ensuring uninterrupted 24hr power supply for all residents.