Privacy Policy

RESALE POLICY

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Land Republic Limited is committed to providing exceptional service to our clients. However, in line with the Land use Act, 1978 and best practices, we are not obligated to resell properties purchased through our company.

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By the provisions of this act and your proof of ownership document, every buyer becomes the sole owner of their property upon full purchase and the transfer of title process is completed. Thus, every client is charged with the sole responsibility of covering all charges and responsibility required by the extant government and the estate management policies after the transfer process is completed.

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As the portfolio managers of your property at Land Republic Limited, we understand that circumstances may arise where a client needs to resell their property and have created a channel through which all resale transactions are managed and facilitated to assist in this process.  

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We serve as an impartial agent in escrow for all resale transactions to enhance transparency and efficiency and being the head lessee, all resale transactions must pass through your portfolio managers. Our resale service includes administrative services, legal services, provisional surveys and other necessary documentation to facilitate a smooth transaction.

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This policy outlines the terms and conditions of our resale services.

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A. Resale Services

We would be offering resale services to assist clients in selling their properties. Our resale services include:
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• Market analysis and pricing guidance.

• Listing the property on our marketplace.

• Facilitating inspection of the property by potential buyers.

• Negotiating offers and closing the sale, where required.

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B. Fees

Our resale services will be charged at a non-negotiable administrative fee of N50,000.00 (Fifty thousand Naira) only and legal and survey fees on a price negotiated and agreed in writing prior to the property listing. Also note that a sales commission cost of 10% of the sale price of the property will be charged independently. Clients are to note that commission will be paid to sales officers either provided by them or by the company to facilitate the transaction. fee will be a percentage of the sale price of the property. Note that the fees can be paid by the new buyer or the reseller to be decided on the discretion of the parties.

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C. Other Terms and Conditions

By utilizing our resale services, clients agree to the following terms and conditions:

• Land Republic Limited is not obligated to resell any property purchased through the company.

• This policy applies to all clients who have purchased properties through Land Republic Limited and wish to resell their property.  

• The decision to resell a property is at the sole discretion of the client.

• Land Republic Limited reserves the right to decline resale services for any property.

• The client is responsible for ensuring the property is in a resale-ready condition.

• The client is responsible for paying all fees associated with the resale, including our resale fee, legal documentation fees, survey costs, and any other expenses.

Please note, to initiate the resale process, the client must first return the original title documents to the Company. Our team will then guide the client through the resale process, ensuring compliance with all legal requirements. By utilizing our resale services, clients agree to our terms and conditions, including the payment of our fee.  

We will make reasonable efforts to sell the property, but we cannot guarantee a sale.

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Contact Us

If you have any questions about our Resale Policy, please contact us:

By email: support@landrepublic.co

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