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:
This instrument acts as a financial safety net, protecting the financial interests of TAARD’s co-promoters by mitigating any risk of losing their payment in the event of any unforeseen events.
By providing assurance of a full refund upon demand to our co-promoters, TAARD is in effect, ensuring they are protected from any uncertainties related to the project’s development.
This instrument also provides our co-promoters with the comfort they require to enter an off-plan lease agreement with us.
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