FREQUENTLY ASKED QUESTIONS

Your embassy being a representative of your home country is required to be willing to lease (off-plan) one or more of the exquisite apartments at The Afropolitan Alpha Residential Development (TAARD) the understanding that your leased apartment will be available for subletting to visiting Afropolitans, and other visitors to Lagos when not in use by your embassy.

The invitation provides you with an opportunity to promote the unique cultural heritage of your home government and that is exclusive to you. Also, only 30% of the available spaces have been dedicated to foreign missions of African countries in Nigeria. This means that only a few of the foreign missions in Nigeria will have the opportunity. This ensures that the benefits derived by your embassy, as our co-promoter, are exclusive, super attractive, and maximizable for her, even as her lease payments are protected by a Grade A Nigerian Bank or Insurance Company.

The lease process involves communicating a formal expression of your embassy’s interest online, execution of a lease agreement, and subsequently making a lease payment that will be protected by a SEC- regulated financial institution.

Our pricing structure is benchmarked with 5-star accommodation pricing structures and the entry rates are highly discounted by almost 70% compared to prevailing market rates for 5-star accommodation. There is also the opportunity to upgrade from the default apartment type (1-bedroom premium apartment) to TAARD’s 2, 3, 4, and 5-bedroom apartments, subject to availability.

Each TAARD apartment is a meticulously crafted residence, tastefully furnished to mirror the cosmopolitan African grandeur. These apartments proudly showcase spaces that are thoughtfully designed to deliver a sophisticated and contemporary living experience. To explore the specific breakdown of spaces and amenities, please view the specifications of TAARD’s 1-bedroom apartments.

Your lease payments will be protected by a refund guarantee to be provided by a SEC-regulated financial institution.

Yes, certainly. Refund requests with a withdrawal of acceptance letter can be submitted and your protected funds will be disbursed as follows:

1. Within the first year of executing a lease agreement – 30 (thirty) working days from date of request.
2. After the first year of executing a lease agreement – 60 (sixty) working days from date of request.

The estimated completion and handover timeline is 36 – 42 months (about 3 and a half years).

The Development Team led by James Cubitt (JC) brings 65+ years of experience to the table with various projects under their belt. The consultants and contractors are Grade A and JC’s clients are notable brands.

Absolutely, we welcome scheduled visits to the site with notices of not more than 24 hours to provide you with real-time and regular progress updates on construction.

Co-promoters benefit from SIIPs and other collaborative events such as conferences, art exhibitions, book launches, music/film festivals, health and wellness retreats, culinary events and community workshops that aligns their brand with TAARD’s mission of promoting contemporary African culture, tourism and socio-economic development.

We customize lease terms to suit your embassy’s needs, providing flexibility for her unique requirements such as protection of lease payments, transfer of unused lease to subsequent years, lease sale, subletting, and the option to swap apartments with other lessees immediately after apartment allocation or before your lease expires.

The target audience for TAARD’s lessees are Afropolitans in the diaspora and other visitors as well as their hosts.

There aren’t tax incentives to be enjoyed by the promoters. However, subletting the apartment enables the lease payment(s) to be amortized partially or fully over the lease duration.

Payments are structured according to mutually agreed terms outlined in the lease agreement, including a clear schedule for financial commitments.

TAARD is dedicated to strict adherence to all local and relevant international regulations as well as standards, while consistently collaborating closely with regulatory bodies throughout the development process to maintain compliance.

Contingency plans that emphasize transparent communication and a commitment to promptly addressing issues are in place to manage unforeseen circumstances. Additionally, our safeguards encompass protection for lease payments, a performance guarantee, and an all-risk insurance to further ensure the integrity of the development timeline and quality. Also, rest assured that even though force majeure may impact the timeline, we do not envisage an event that may jeopardize the quality of the development.

Your embassy can use your leased apartment for a full or partial duration of the lease, with the flexibility to divide this period into daily, weekly, monthly or other intervals where the latter is the case.

Your expression of interest allows you to choose your preferred floor(s) within the development subject to availability.

Yes, our apartment allocation model depends on the order in which agreements are finalized with us after a post-Expression of Interest (EOI) period of 1-month has elapsed.

As a lessee of TAARD, you have full and unrestricted access to the different ancillary spaces in TAARD when not in use for private events. However, please note that there may be a premium for certain facilities, and an adherence to terms and conditions is required to use some of these available spaces.

TAARD’s FM team, with its knowledge of the state’s regulations and full understanding of the ideal profile of a sub-lessee, will oversee the lease management for your apartment and handle any responsibilities that apply to subletting your leased apartment.

Yes, your embassy will be required to pay a service charge fee of 10 – 15% of the daily apartment rate for only the number of days the apartment is in your direct use or is being used to host your guests.

The complimentary services provided to the guests of your embassy within TAARD may vary depending on the type of apartment(s) your embassy has leased.

Certainly, your embassy can switch to either another premium apartment or a premium+ apartment or a premium+extra apartment of her choice, subject to availability and meeting the predefined terms and conditions as stated in the lease contract.

TAARD offers top-grade facilities equipped to accommodate a diverse range of events, including corporate, formal/semi-formal, and Afro-themed occasions. As stated in (21.) above, premium charges may apply for the use of such facilities.

The security setup in TAARD includes a comprehensive surveillance system and a detailed security guide to ensure the safety of the lives and properties of occupants in the development.

Once you have signed the lease mandate as contained in the Lease Agreement, we will proceed according to your instructions. However, reserving your apartment for use by your corporate guest(s) require an ample notice period, not less than two (2) weeks, preferably if you could provide us with a lease calendar for the year to advise us on the period(s) that you will be needing the apartment(s). Nonetheless, TAARD FM will prioritize your requests for the use of your apartment.