Interrand Properties
These Terms and Conditions (“Terms”) govern all property transactions, payment plans, and related engagements between Interrand Properties Ltd (“the Company”) and its clients (“the Client”). By subscribing to any property, payment plan, and mortgage option offered by the Company, the Client agrees to be bound by these Terms.
- Payment Plans
Interrand Properties Ltd offers flexible payment options to accommodate Clients’ financial needs. All payment plans are subject to approval by the Company.
1.1 Instalment Payment Plan
The instalment payment plan shall run for a period of twelve (12) months – 24 months, depending on the project.
The Client shall make payments strictly in accordance with the agreed schedule.
Any variation to the payment duration must be approved in writing by the Company.
1.2 Initial Deposit
A refundable initial minimum deposit of thirty percent (30%) of the total property value is required upon subscription.
1.3 Milestone Payment Structure
The following payment structure are tied to construction progress:
30% payment at DPC level
20% payment at first floor slab level
30% payment at roofing level
20% payment at completion stage
Failure to meet any milestone payment when due shall constitute a breach of these Terms.
- Direct Mortgage Option
Mortgage terms, interest rates, and repayment conditions shall be governed by the mortgage agreement issued separately.
The Company shall not be held liable for delays or rejections arising from mortgage processing.
- Allocation and Possession
Physical Property allocation shall be issued when minumum of 80% of payment is made and fulfilment of offer with relevant conditions.
- Amendments
Interrand Properties reserves the right to amend these Terms and Conditions at any time.
Any amendment shall take effect upon written notice or publication by the Company.
