How it works
Privately issued solution to qualified buyers who have raised the deposit and have passed the credit appraisal.
Tenant Purchase Agreements shall be issued to all qualified buyers upon payment of the required
down-payment, valuation, insurance, and legal fees. (Stamp duty is waived for first time homeowners) To
safeguard buyers/investors, payments are only made to the developer upon satisfactory unit completion
and transfer of title.
The tenant commences the TPS payment once they take occupancy of the house. House ownership is
transferred at the completion of payment of the house.
Issued to qualified buyers who:
Are registered members of the Amaka Fund portal
Have selected a property to purchase through the project listing on the portal
Have savings in their HOSP, to make a deposit for their selected unit of between 10% - 20% of the house value
Have passed the Credit Appraisal undertaken by our appointed Credit Reference Bureau
Key Considerations;
- Tenant Purchase Agreements to be issued to all qualified buyers upon payment of the required down-payment, valuation, insurance and legal fees. (Stamp duty is waived for first time home owners)
- To safeguard buyers/investors, payments are only made to the developer upon satisfactory unit completion and transfer of title.
- The tenant commences the TPS payment once in the house.
- House ownership is transferred at the completion of payment of the house.
- Early payment of outstanding balances allowed prior to expiration of the TPS tenure.
Best-in-class support
Brand Partners
Promoter
Fund Manager
Trustee & Custodian
Interested in AMAKA Tenant Purchase Scheme (TPS)?
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