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FREQUENTLY ASKED QUESTIONS
The Home Ownership Charter
The Home Ownership Charter of Ondo State (HOCOS) Scheme is a novel initiative of the Ondo State Government, aimed at ensuring that every resident of Ondo State who owns residential property has proper and genuine title documents to their properties.
The scheme is created to allow home owners take proper documentation and regularization of their properties’ legal status. This would as well provide adequate data for government to facilitate provision of basic amenities and planning of essential services needed in the development of the State.
The scheme will give opportunity to individuals who built their properties without the state government’s approval or titles to secure a Certificate of Occupancy. In addition to this, the government will waive penalties and fines associated with their initial failure, create a flexible documentation and give discounts to enable many residents benefit from the scheme.
What necessitated this initiative?
The records have it that most residential landed properties in Ondo State do not have registration document titles. This exposes the property holders to risks such as defective transfer of properties and encroachment among others. In addition, imperfect title documentation reduces the real value of a property and lessens its viability in the financial sector, thereby putting a question to its credit worthiness.
Other problems associated with improper documentation includes:
How does the Scheme Benefit Property Owners?
Taking advantage of this scheme to regularize and secure the necessary title documents enables you to enjoy the following:
Method of ApplicationThe application forms to enrol for the scheme are available at a fixed price of Six Thousand Naira only (N6,000.00). Customised Home Owner Charter scratch cards are the exclusive means of payments and can be gotten in any of the following locations:
Will every Building qualify to get all title documents from the State Government?All residential buildings and property owners will benefit from this scheme, nonetheless, the following categories of owners will not be granted approval for their properties:
Who are eligible to apply?This scheme is for all residential property owners in the state, including the legitimate heir of any demised owner.
What are the documents required for participation in this Scheme?To participate in this scheme, the following documents are required to be submitted by each participant;
What are the application stages and timeline?
HOME OWNERS CHARTER PROCESSING COST
|S/No||1st Payment on Submission of Application||2nd Payment- 21 days after Submission of Application||3rd Payment- On notification that C of O is ready for Collection||Total (₦)|
|2||1 Floor Building|
|3||2 Floor Building|
|4||3 Floor Building & Above|
Is there Instalment Payment Plan?Yes, payments can be made in instalment. However, such payments can only be made three times at the maximum. The first instalment is on submission of your application, the second payment is to be made twenty-one (21) days after submission of application, while the last would be after the notification for the collection of C of O is given.
What is the implication of not taking the advantage of Home Owners’ Charter Scheme?Your property is at risk for not having a title document. The State Government has magnanimously made this generous offer to allow home owners regularize their property title. It is advised that the opportunity be taken by home owners as those who fall out from the scheme will have to apply for the conventional Certificate of Occupancy which would usually take more time and money.
How long would the amnesty for the Scheme last?All application submitted between 1st October, 2021 to 30th September, 2022 will be processed during the amnesty period.
Can application be made for an uncompleted property?Yes, the scheme applies to properties not fully completed in as much there are inhabitants living in it. The purpose of the scheme is to provide title document for properties presently in existence and inhabited.
How about property owners in diaspora, can they also apply?Property owners living outside the state can apply, provided they are the genuine owner of the property and eligible to apply. They can make their application via any of our emails: email@example.com or firstname.lastname@example.org.