According to a statement by the state government, Amosun made the call during the presentation of a batch of 1,000 Certificates of Occupancy to beneficiaries in Abeokuta.

The Governor, who was represented by the Director-General and Special Adviser, Bureau of Lands and Survey, Mr. Biyi Ismail, said that the goal of the government was to ensure that people acquired the title documents for their properties with ease as and when due.

According to him, his administration has been able to fund the Homeowners’ Charter programme better than it used to be  while more workers have been engaged to fast-track the process.

“Let me assure applicants who have yet to collect their documents that the process has been improved upon to issue documents faster. Our government is doing everything to make sure that this programme is completed before the departure of this administration,’’ he said.

The governor said that the programme had bridged the gap between the rich and the poor, adding that everyone participating in it, irrespective of their class, age, colour and purchasing power could now boast of their own title documents, made possible by allowing payment in tranches.

PUNCH.

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While presenting the title documents to the 1,000 beneficiaries, the Deputy Governor, Mrs. Yetunde Onanuga, said the state government would not relent in giving priority to the issuance of Certificates of Occupancy to applicants under the scheme.

“I want to congratulate the beneficiaries of today and to assure other applicants who have yet to collect their documents that we are working on them and they will be distributed as soon as all the processes are completed,” she added.

PUNCH.

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With the help of various mortgage and flexible payment options, some potential buyers have been able to purchase homes that had been hitherto beyond their affordability range.

The cost of owning a home goes beyond the purchase price of the home. There are recurrent expenses that a homeowner will have to pay after buying the home. These payments amount to a substantial amount over time so it is best to be prepared for them.

Before buying a home, it is advisable to consider these expenses below:

Utilities
Transitioning from renting to owning a home will increase the cost of utilities because you will be occupying more space. When you own your home, you’re in charge of covering it all; water, electricity, waste disposal and other utilities.

Property Taxes
These taxes depend on prevailing government policies and rates. They may range from environmental protection fees to tenement rates. These charges also vary depending on location, so it is necessary to find out which taxes are applicable in your area before buying.

Home Insurance
If you are planning on buying a home using mortgage finance options, you will definitely have to pay for home insurance. This will be factored into the monthly mortgage payments you will make to the bank.

Service Charge
When buying a house in an estate development, you will be required to pay certain fees which will include (but not limited to) infrastructure levy, service charge and other fees. These might run into millions of naira over time, so it is advisable to find out how much you will be required to pay before buying.

Routine Maintenance Repairs
Occasional repairs and maintenance will be carried out from time to time and depending on the nature of repairs, this could cost a substantial sum. It is best to carry out repairs as soon as possible so as to ensure things don’t break down completely as this would be more expensive to fix.

Home ownership is a whole different ball game from renting, so it’s best to get prepared for these expenses in order to avoid unpleasant surprises down the road.

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The claimants in the suit which is before Justice Abisoye Bashua of the Lagos State High Court sitting in Epe are demanding for N100 million as damages.

The suit was instituted by Messrs Francis Adesuyi, Felix Obiakor, Martin Ajayi-Obe and Peter Afenotan on behalf of themselves and all interested homeowners within the Pearl Garden Estate.
Joined in the suit as second defendant is CMB Building Maintenance and Investment Company Limited, which is in charge of providing estate management services to the claimants.

When the matter came up for hearing on Thursday, counsel to the defendants, Mr R.A. Aladesanmi told the court that they had filed an application asking the court to stay proceedings of the suit, pending the referral of the arbitration proceedings.

Aladesanmi argued that all purchases of the land entered into an arbitration agreement contained in their individual Sale and Management Agreement, adding that the appropriate place to resolve the dispute was through arbitration.
Responding to his submission, the claimants’ counsel, Mr Adeyinka Adeyemi, objected to the application, stated that some of the parties in the suit did not sign the arbitration clause.

He contented that the said agreement was entered between some of the claimants and the first respondent, noting that the second defendant (BCM) was not a party to the agreement. He told court that it was ironic that the same defendants asking for arbitration had filed notices of appeal at the Court of Appeal against a previous order of the court which restrained them from restricting the claimants from the estate.

“As at now, there is no appointed body to even conduct the arbitration. They have not taken any step to show that arbitration has commenced.‎

The arbitration is inexistent so the court cannot stay proceedings.It will be gross injustice for the matter to be referred to arbitration”, he said. After listened to their submissions, the judge subsequently adjourned rulling in till May 21,2015.

The claimants are praying for an order of the court for a declaration that the incessant harassment, restriction of movement and the imposition of arbitrary charges on them by the defendants as illegal and unlawful.

They also asked the court to declare that the refusal of the second defendant to allow them install borehole in their homes as illegal and unlawful.

The claimants also asked for: “An Order of perpetual injunction restraining the defendants, jointly and severally, their agent, privies and cronies from further demanding or collecting reticulation charges in the sum of N650,000 or any other sums from the claimants contrary to the express terms of the Deeds of Assignment and the Sale and Management Agreement.

A Mandatory Order directing the second respondent to refund to the claimants and other residents all monies collected forcefully as part or full payments of the unlawful imposition of the reticulation charges and the unilateral estate charges immediately to the respective claimants and other homeowners.”

They also asked for an Order restraining the defendants from further harassing them and also the sum of N100 million as general damages for the barricade, destruction of property and unlawful denial of the claimants access to the Estate on March 13,2013.

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