Joint Venture Property in GRA, Ikate Elegushi, Lekki, Lagos

Joint venture ( agreement ) land details - location: beside veri tasi homes terraces, ikate-elegushi - land size: 2400 sqm - land value: ₦1.7 billion project details - number of units: 50 apartments + penthouses - timeline: 24 months responsibilities - land owner: - governor consent processing and all fees - developer: - building approval processing and all fees payment terms - buy 3 units upfront - 50% payment upon signing, balance upon completion of foundation - proof of fund: ₦1.5 billion sharing ratio - land owner: 40% - developer: 60% signing bonus - ₦50 million penalty/rental income - penalty applies if project is not delivered within 120 days from supposed delivery date - rental income on each unit after grace period next steps - preliminary drawings for the project, including site layout and typical floor plans. let me know if you'd like me to review or modify any part of this agreeme...