LASHONE RENT TO OWN SCHEME

OWN A HOUSE WHEN YOU RENT IT FOR 5 OR 10 YEARS

The Rent To Own (RTO) scheme is a platform that we have incorporated to enable potential subscribers especially in our Housing Cooperative in order to provide a convenient payment plan similar to that of a mortgage payment plan but over a much longer duration.

The RTO is done taken into a consideration that Lashone Estate offers you a flexible payment plan of up to 5 years with a cumulative interest of 5% per annum on what would have been the cost for outright purchase, or a payment plan of up to 10 years with a cumulative interest of 5% per annum on what would have been the cost for outright purchase.

LOCATION

Lashone Estate, Phase 1- Simawa

Behind RCCG Camp Ground, off Lotto Bus-stop, Basanrin Area, Simawa, Sagamu Local Government Area.

10 Years Plans

5 BEDROOM DETACHED DUPLEX
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N39,000,000
10yrs
N3,900,000
N1,950,000
N975,000
N97,500
N146,250
N15,000
INITIAL PAYMENT – N7, 800, 000.00
3 BEDROOM BLOCK OF FLATS
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N20,025,000
10yrs
N2,002,500
N1,001,250
N500,625
N50,065
N75,095
N15,000
INITIAL PAYMENT – N4, 005, 000.00
2 BEDROOM DETACHED BUNGALOW
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N15,000,000
10yrs
N1,500,000
N750,000
N375,500
N37,500
N56,275
N15,000
INITIAL PAYMENT – N3, 000, 000.00
2 BEDROOM BLOCK OF 2 & 4 FLATS
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N13,500,000
10yrs
N1,350,000
N675,000
N337,500
N33,750
N50,625
N15,000
INITIAL PAYMENT – N2, 700,000.00
1 BEDROOM BLOCK OF FLATS (10 UNITS)
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N7,500,000
10yrs
N750,000
N375,000
N187,500
N18,750
N28,125
N15,000
INITIAL PAYMENT – N1, 500, 000.00

5 Years Plans

5 BEDROOM DETACHED DUPLEX
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N32,500,000
5yrs
N6,500,000
N1,625,000
N812,500
N162,500
N121,875
N15,000
INITIAL PAYMENT – N6, 500, 000.00
3 BEDROOM BLOCK OF FLATS
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N16,725,000
5yrs
N3,345,000
N836,250
N418,125
N83,625
N62,720
N15,000
INITIAL PAYMENT – N3, 345, 000.00
2 BEDROOM DETACHED BUNGALOW
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N13,500,000
5yrs
N2,700,000
N675,000
N337,500
N67,500
N50,625
N15,000
INITIAL PAYMENT – N2, 700, 000.00
2 BEDROOM BLOCK OF 2 & 4 FLATS
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N11,250,000
5yrs
N2,250,000
N562,500
N281,250
N33,750
N56,250
N15,000
INITIAL PAYMENT – N2, 250, 000.00
1 BEDROOM BLOCK OF FLATS (10 UNITS)
PROPERTY VALUE
TENURE
ANNUAL RENT FEE
OPTION FEE
LEGAL FEE
INSURANCE
VAT
APPLICATION FEE
N5,625,000
5yrs
N1,125,000
N281,250
N140,625
N28,125
N21,095
N15,000
INITIAL PAYMENT – N1, 125, 100.00

Insurance (2.5% of rent), Legal fee (2.5% of Property value), Option fee (5% of Property value), VAT (5% of option + legal fees)

 

Purchase Property at Lashone Estate Simiwa

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0803 973 3800