OFF-PLAN LEASE PROTECTION
TAARD’s off-plan lease protection serves as a risk management tool, ensuring that TAARD’s co-promoter’s lease payments are protected and refunded upon demand by them. This tool takes the form of a promissory note issued on behalf of TAARD to co-promoters by a Grade A Nigerian Bank or Insurance company, assuring the full refund of lease payments to co-promoters according to the terms stipulated in the lease agreement.
The risk mitigation tool was created for the benefit of TAARD’s co-promoters (corporate lessees), will provide them with:
Your Off-Plan lease payments are protected till delivery of the apartment, of which the estimated completion and handover timeline is 36 – 42 months (about 3 and a half years).
Lease Payment: Minimum 1 year
Eligibility Criteria for Co-Promoters:
Refund of Lease Deposit:
In the event of a withdrawal of interest, the Lessor will return the full deposit to the lessee (Co-promoter), and her protected funds will be disbursed as follows:
The lessee is required to submit a refund request with a withdrawal of acceptance letter and wait out the period stipulated to receive the refund.
get in touch
49 Bourdillon Road, Ikoyi, Lagos, Nigeria
+234 911 1111 101
+234 911 1111 102