Terms and Conditions

In this document, Agreement unless the context otherwise requires:

“Agreement” or “Terms” means this Privacy, Terms & Conditions

“Develop” “Development” means any improvement on the land including the construction of buildings for the purposes of making profit.

“Parties” means the Buyer and Landshop referred to jointly.

“Party” means either the Buyer or Landshop as it may apply.

“Land” in relation to you, means the square meters you hold in any land purchased by you; and in relation to others, the land which you jointly own with others.

“Landshop”, “Company” shall where the context so admits, include its privies, assigns, agents.

“Lease” means the rental of the land whether vacant or developed.

“Yearly land value Cycle” means the appreciation on the value of the land over a period of one year.

“You”, “Buyer” shall mean you and where the context so admits, shall include your successors in title, personal representatives, assigns and privies.

“Grow your Community” Grow your community is a unique feature of Landshop that group of people with a unified cause crowd fund real estate acquisition for the parent organization/champion of that cause. a real estate acquisition for the parent buying a land or House together.

“Grow Your Home” is a feature of Landshop that allows you co-own residential properties in slots across Nigeria for a time period, earning fixed returns annually on that property. You have the opportunity to keep buying additional slots until you own the entire house.

“Grow Your Land” is the distinct feature on Landshop, where you are able to buy Land in square meters and in plots and benefit from real estate value appreciation that is declared yearly (Based on current open market value around your property).

1. You shall not be able to take physical possession of the land or carry out any development on the Land, unless you purchase at least 300 square meters from the same Land and location.
2. You agree that by buying land of any size from 1-299 square meters through the platform, you become a joint –owner of land with other buyers of varying portions in the same parcel of land, subject to which the Company shall notify you of Joint Venture or other Land development opportunities for you to either accept or reject.
3. The Land is held in trust for you by Landshop for the duration of the tenure of your interest in the Land, provided that where you have taken physical possession of your Land or commenced development thereon, in accordance with Clause above, this Trust relationship shall cease immediately.
4. You agree that upon indicating, at the point of purchase or thereafter, an intention to develop the Land, the said Land shall be precluded from sale and earmarked for developmental projects in accordance with the property development guidelines applicable to the area.
   Provided that if you purchase less than 300 square meters and express your intention to develop the Land, the Company shall source for other Buyers with similar intention so as to aggregate adequate square meter for development.
5. You agree that in the event of your willingness or readiness to dispose of your interest in the said land, the Company shall have the right of first refusal and is entitled to two (2) weeks prior notice of your intention to dispose of the land. Where the Company is unable to purchase your land within two months of receiving the offer, other joint-owners shall be offered the said land for purchase, before the offer is made public.
6. You shall be entitled to profits from the value appreciation on the land and can sell at a higher rate than the purchased price, either through the company or directly to other buyers. Provided that the Company shall at all times, be entitled to 10% agency/administrative fee on the value of the property at the time of purchase.
7. You agree that in the event that you do not dispose of your interest within a period of five (5) years from the date of purchase, the land shall become precluded from sale and shall be subject to such development as the Company may deem fit. You shall be entitled to revenues accruable from the leasehold or property development on the Land.
8. You shall be entitled to periodic updated via email on the status of the land. The updates will also be available on your dashboard and also on the website upon registration.
9. You shall be entitled to proceeds of appreciation from yearly land value over the portions purchased, if those portions generate income from developments thereon or leases. You are expected to review all notifications, updates and reports from Landshop as they represent a record of information pertaining to your Land ownership during a yearly land value cycle.
10. At the end of a yearly land value cycle, any profits made during the yearly land value cycle will be shared between you and the company in a 60% to 40% ratio respectively you shall be entitled 60% while the Company shall take 40%.
11. You are entitled upon request to physical visitation of the land subject to the provision of three (3) clear days’ notice to the Company to schedule the visit.
12. At the end of a successful yearly land value cycle, you can decide whether or not to withdraw your funds from the electronic wallet on the Landshop Platform and transfer to your chosen bank account or to maintain your interest in the land for a new yearly land value cycle or buy more portions as you deem fit from the available “Grow a Land”, “Trade a Land” or other offers on Landshop.

1. You shall not be able to take physical possession of the House or carry out any development on the House, unless all the available slots are purchased solely by you.
2. You agree that by buying slots or subscribing to the “Grow your Home” initiative through the Landshop Platform entitles you to become a joint-owner with other subscribers of varying slots of the same House.
3. The House is insured for you by Lead-way Assurance until the duration for the Return of Investment ceases.
4. You shall be entitled to 15% of the Return of Investment yearly for ten (10) years after which you become entitled to of capital invested.
5. You agree that in the event of your willingness to dispose of your interest in the said House, the Company shall have the right of first refusal and is entitled to two (2) weeks prior notice of your intention to dispose of your slots. Where the Company is unable to purchase your slots within two months of receiving the offer, other joint-owners shall be offered the said slots for purchase, before the offer is made public.
6. You shall be entitled to profits from the return of investment on the slots subscribed to on the House and can sell at a higher rate than the purchased price, either through the company or directly to other buyers. Provided that the Company shall at all times, be entitled to 10% agency/administrative fee on the value of the property at the time of purchase.
7. You shall be entitled to periodic updated via email on the status of the House. The updates will also be available on your dashboard and also on the website upon registration.
8. You are expected to review all notifications, updates and reports from Landshop as they represent a record of information pertaining to your House.
9. At the end of the ten (10) years of the Return on Investment (ROI) you shall be entitled to your original capital invested.
10. You are entitled upon request to physical visitation of the House subject to the provision of three (3) clear days’ notice to the Company to schedule the visit.
11. At the end of a successful return of investment, you can decide whether or not to withdraw your funds from the electronic wallet on the Landshop Platform and transfer to your chosen bank account or to buy more slots until own the entire House.

1. You shall not be able to take physical possession of the land or carry out any development on the Land, unless you purchase at least 300 square meters from the same Land.
2. You shall be entitled to recruit an unlimited number of persons to form your community.
3. The Land is held in trust for you by Landshop for the duration of the tenure of your interest in the Land, provided that where you have taken physical possession of your Land or commenced development thereon, this Trust relationship shall cease immediately.
4. You agree that upon indicating, at the point of purchase or thereafter, an intention to develop the Land, the said Land shall be precluded from sale and earmarked for developmental projects in accordance with the property development guidelines applicable to the area.
5. You agree that in the event of your willingness or readiness to dispose of your interest in the said land, the Company shall have the right of first refusal and is entitled to two (2) weeks prior notice of your intention to dispose of the land. Where the Company is unable to purchase your land within two months of receiving the offer, other joint-owners shall be offered the said land for purchase, before the offer is made public.
6. You shall be entitled to profits from the value appreciation on the land and can sell at a higher rate than the purchased price, either through the company or directly to other buyers. Provided that the Company shall at all times, be entitled to 10% agency/administrative fee on the value of the property at the time of purchase.
7. You agree that in the event that you do not dispose of your interest within a period of five (5) years from the date of purchase, the land shall become precluded from sale and shall be subject to such development as the Company may deem fit. You shall be entitled to revenues accruable from the leasehold or property development on the Land.
8. You shall be entitled to periodic updated via email on the status of the land. The updates will also be available on your dashboard and also on the website upon registration.
9. You shall be entitled to proceeds of appreciation from yearly land value over the portions purchased, if those portions generate income from developments thereon or leases. You are expected to review all notifications, updates and reports from Landshop as they represent a record of information pertaining to your Land ownership during a yearly land value cycle.
10. At the end of a yearly land value cycle, any profits made during the yearly land value cycle will be shared between you and the company in a 60%/40% ratio respectively.
11. You are entitled upon request to physical visitation of the land subject to the provision of three (3) clear days’ notice to the Company to schedule the visit.
12. At the end of a successful yearly land value cycle, you can decide whether or not to withdraw your funds from the electronic wallet on the Landshop Platform and transfer to your chosen bank account or to maintain your interest in the land for a new yearly land value cycle or buy more portions as you deem fit from the available “Grow a Land”, “Trade a Land” or other offers on Landshop.
13. Upon completion of the purchase of the Land or House, the Company allocates the Land or House to the Admin together with at least 10% of the members of his community. The Company also issues title document to the Admin, in the name preferred by the Admin and at least 10% of the members of the Community.

Representations and warranties are statements and promises made by you to the Company, which we rely on as being accurate in our dealings with you. You make the following representations and warranties to us at the time of agreeing to these Terms and every time you use our Services, including the time you are matched to a Joint Venture Agreement;

1. you are over the age of 18 years;
2. you are of sound mind and have the capacity to enter into these Terms and be matched to a land;
3. all personal information that you provide about yourself is accurate and true to the best of your knowledge;
4. You hold a bank account in Nigeria in your own name and will use this account to transfer money to our account when you Buy a land and to receive refunds of contributions made and profits earned;
5. You have carefully considered the conditions involved with using the Landshop Platform, the Services and being matched to a land of your choice and the respective terms and guidelines of owning properties in those Estates where Landshop manages your Land portfolio for you.
6. You will only ever purchase with your own money unless you are authorized on behalf of a third party (“Third Party”) and we agree that you may act on behalf of that Third Party.
7. You are not using any illegal funds or attempting to launder by Buying a land
8. If you are registering or accepting these Terms on behalf of a legal entity such as a company, trust or partnership, you are legally authorized to do so and we may request evidence of such legal entitlement (by way of a copy of any document which shows the valid and subsisting authorization);and
9. You are not breaching any laws or regulations that are applicable to you or any company, trust or partnership upon whose instructions you are acting.
10. You are to hereby indemnify the Company and will keep the Company fully indemnified at all times from and against all actions, proceedings, criminal prosecution, claims, demands, costs, awards and damages however arising or paid by or rewarded against the Company in respect of any breach of any civil or criminal law or non-performance by you of this contract.

1. Your access to the Landshop Platform is at all times, subject to our Website Terms of Use.
2. Secure access to the Landshop Platform is provided by way of your username and password. These log-in credentials are unique to you and are the primary method of securely identifying our services to you. It is therefore extremely important that you keep your username and password secure at all times.
3. If you suspect that your secure access to Landshop Platform has been compromised in any way, it is your responsibility to contact us.
4. You confirm that you will only use our Landshop Platform for the purposes set out in these terms.
5. You confirm that you will not attempt to gain unauthorized access to the secure areas of the Website and furthermore you will not attempt to use code or software to manipulate the functions available on the website.
6. You understand that we may store you IP address information and may monitor your use of the website in accordance with our cookie policy.

In the event that the Company discovers that the Platform is being used by you to launder money or for any suspicious or fraudulent transactions, the Company is obligated by law shall report such activities to the relevant authorities without recourse to you.

1. Where a land is sold in a currency other than the Naira, foreign exchange gain or loss and fluctuations in currency rates may have an impact on the sales value of the land.
2. All proceeds from sale in foreign currency shall be converted and returned in Naira based on the Central Bank of Nigeria (CBN) official exchange rate at the relevant time.  You therefore enter into any transactions in currencies other than the Naira at your own sole risks and shall bear all responsibilities for any gains or losses as a result.

1. These Terms may be terminated by you provided that you have no outstanding debt on the Platform and such notice of termination must be provided in writing to: contracts@landshop.ng.
2. 10.2   Upon termination of these terms, you will receive refunds equivalent to the value of your land, subject to the prevailing refund guidelines on the respective contract.
3. 10.3 These Terms cannot be terminated by the Company at any time without notice and refund guidelines shall apply, which shall include that the property must be re-sold and an administrative charge will be deduced from the value of the property as at the time of termination by any party.
4. 10.4    Where it is proved against you that your dealings on the Landshop Platform is an act of Fraud or money laundering, or an interim or other Order is made against you as a result of fraudulent activities connected to your purchase of land, this Agreement shall immediately be terminated and the relevant authorities shall be availed the details of your land held by the Company.

This Agreement may be modified or amended by the Company from time to time as the Company deems necessary. The purchaser consents and agrees to such modification or amendment without receiving additional notice or providing additional consent.

You confirm that you have read and understood the Company’s Privacy Policy which provides information on how we use and store the personal information that you provide to us and you further acknowledge that the Company may amend and update this policy from time to time.

1. Subject to the Terms of this Agreement and any claims made in our forecast of the value appreciation of any land on Landshop Platform, you agree that the Company has no obligation to reimburse or indemnify you for any cost, loss or liability which you incur as a result of the failure of a land to yield according to expectations.
2. You agree to indemnify and hold harmless the Company, and all our agents or subsidiaries, contractors, against all liabilities, cost, expenses, damages and loses suffered or incurred as a result of:

• Any fraudulent or illegal use of the Landshop Platform, the services or the Website attributable to you;
• Your negligence or any default by you of any of these Terms of any landed property into which you purchased;
• Any inaccurate or incomplete information that you have knowingly provided to us;
• Your allowing any other person access to your account either with your permission or a s a result of your failure to keep your username and password private;
• Any service that you offered, whether with or without our permission, to another third party using our Landshop Platform, services or website;
• Any claim made against you for actual or alleged infringement of the Company’s Intellectual Property Rights or any actual or alleged infringement.

1. Any dispute, controversy or claim arising out of or in relation to this Agreement, shall be finally settled pursuant to the dispute resolution process described in this clause 12.
2. Mutual Consultation

• If either party is of the opinion that a dispute exists, it shall deliver a notice to the other Party requesting that the dispute be referred to the senior management or an appointed representative of the other party. Any such notice shall include a schedule of their availability during the seven (7) day period following the date of the notice. Within two (2) days after receipt of the said notice, the other party shall provide the requesting party with the names of the senior management nominated to resolve the dispute and a schedule of their availability. Thereafter, the nominated members of the senior management of the parties shall meet frequently and shall attempt in good faith the best method to resolve the dispute.
• Arbitration

1. 1. If the parties cannot resolve the Dispute in accordance with the provision set up in article 12.2(a) above, either party may submit such Dispute to arbitration by notice to the other party.
   2. Such arbitration shall be governed by the provisions of the Arbitration and Conciliation Act, Cap. A18, Laws of the Federation of Nigeria 2004.
   3. The Arbitral Tribunal shall consist of a single Arbitrator to be agreed upon by the Parties or in default of an agreement to be nominated by the chairman for the time being of the Nigerian branch of the Chartered Institute of Arbitrators, United Kingdom in accordance with Arbitration and Conciliation Act, Cap A18, Laws of the Federation of Nigeria 2004, or any applicable statute in operation for the time being in force.
   4. The Arbitral Proceedings shall be conducted and all related communications shall be in English language.
   5. The Arbitral proceedings shall be conducted in Lagos, Nigeria or such other place within Nigeria as the parties may mutually agree.
   6. Any decision of the Arbitral Tribunal shall be final and binding upon the parties.
   7. The parties undertake to keep strictly confidential the contents of the arbitration proceedings.

1.  This Agreement shall be interpreted and governed by the laws in force in the Federal Republic of Nigeria. The Parties submit to Arbitration and waive any objections based upon venue.
2.  All transactions consummated through the Landshop Platform are deemed to have been carried out in Nigeria and shall subject to clause 12 above, be within the exclusive jurisdiction of the Nigerian Courts, irrespective of where payment for land as made

In the event that any of provision of this Agreement is found to be illegal, invalid and unenforceable, the validity, enforceability and illegality of any of the remaining provisions shall not in any way be affected or impaired and a valid, legal and enforceable provision shall be substituted thereof.

No failure or delay by a party to exercise any right or remedy provided under this agreement or by law shall constitute a waiver of that or any other right or remedy nor shall it prevent the further exercise of that or any other right or remedy.

The Company shall not be liable under this Agreement for any inability to perform its obligations under this agreement as a result of the occurrence of any force majeure event, including

1. Acts of God
2. Any Government requisition, control, intervention, requirement or interference.

1. This Agreement constitutes the entire agreement between the parties and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter.
2. Each party acknowledges that in entering into this agreement it does not rely on, and shall have no remedies in respect of any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in this agreement.
3. Where there is conflict between this Agreement and any other document, expression, representation or advert, this Agreement shall prevail.