Effective Date: 01-Mar- 2025

1. Introduction

Welcome to Abuja Investments Company Ltd (AICL). These Terms and Conditions govern the purchase of residential and commercial properties through our web application. By using our platform and completing a property purchase, you agree to be bound by these terms.

2. Eligibility

• You must be at least 18 years old to purchase a property.
• Buyers must provide valid identification and necessary documentation as required by AICL.
• AICL reserves the right to verify all information provided before approving a transaction.

3. Property Listings & Availability

• All properties listed on our platform are subject to availability.
• AICL reserves the right to modify, update, or remove listings without prior notice.
• Property details, including pricing and descriptions, are provided for informational purposes and may be subject to change.

4. Payment Terms

• Buyers may choose between Outright Payment or an Installment Payment Plan (subject to terms and conditions).
• Outright Payment: Full payment is required at the time of purchase within 30days.
• Installment Plan: Requires a 50% initial deposit, with the remaining balance payable over an agreed period
• Payments must be made through approved channels as specified on the platform.
• AICL is not responsible for third-party transaction fees or delays caused by financial institutions.

5. Property Allocation & Documentation

• Upon successful payment, buyers will receive a provisional allocation letter.
• Final allocation and issuance of title documents are subject to full payment and completion of necessary legal processes.
• AICL reserves the right to revoke property allocations if payments are not completed within the agreed timeframe.

6. 6. Refund & Cancellation Policy

• Refund requests must be submitted in writing and will be reviewed on a case by-case basis.
• Administrative and processing fees may apply to approved refunds.
• AICL reserves the right to withhold 5% of the paid amount in case of cancellation due to buyer default.

7. Buyer Responsibilities

• Buyers must ensure timely payments according to the agreed plan.
• Buyers must comply with local zoning and land use regulations when developing the property.
• Failure to comply with contractual obligations may result in penalties or legal action.

8. Dispute Resolution

• Any disputes arising from the property purchase will be resolved through mediation or arbitration in accordance with applicable laws.
• If disputes cannot be resolved amicably, parties may seek legal recourse through competent courts in Nigeria

9. Modification of Terms

• AICL reserves the right to update these Terms and Conditions at any time without prior notice.
• Continued use of our platform and services after changes implies acceptance of the revised terms.