SCHEDULE 1

PROCEDURAL REQUIREMENTS FOR RENT- TO-OWN SCHEME FOR THE BUYER.

A. BOTH EXISTING AND OFF-PLAN PROPERTIES TO BE SOLD

1. Pre-contractual

1. A prospective buyer under rent-to-own or diminishing Musharakah DM has to choose/ select a preferred property to buy under this scheme from any of the listed and available properties advertised on the NGATA HOMES System either off-plan or existing

• 
  Existing Properties.

2. For existing properties, the buyer has to pay an advance payment of 6-12 months and security deposit of 3 months into the Landlord’s/developers Bank account before getting into the hous
3. The buyer will have to sign a rent-to-own contract with the landlord/developer directly after paying the advance payment of 6-12 months and security deposit and before getting into the house
4. The buyer will be free to start living into the house or use the house by renting out as soon as he finishes payment of the advance
5. The buyer has to keep on paying his/her monthly payment before the anniversary date of the next month
6. For the off-plan houses, the buyer will have to start the screening process of saving for 6 months after choosing/ selecting a preferred location before the developer starts to build the house for him.

• 
  Off-plan Properties.

7. After selecting his preferred property, the buyer will have to deposit 30% of the value of the preferred house within 6 months of the screening process, He/she will have to divide the 30% amount into equal installments to be paid within 6 months. This amount shall be saved in his own account opened up with any of our partner banks until the last month of the six months where that amount shall be moved to an escrow account.
8. One transferring of the save amount (30%) into an escrow account and singing of the agreement, the developer will start the construction of the said house to be completed within two-months period of effecting the complete advance payment.

2. Title Transfer

9. After completing the full payments of the total property amount either within or before the agreed duration the property title will be transferred into the buyer’s name immediately, otherwise title shall remain with the name of the developer.
10. For the duplex and apartments properties, the tenant shall obtain a unit title.

SCHEDULE 2

THE STEP BY STEP; HOW TO ACQUIRE A HOME UNDER NGATA HOMES AFRICA SCHEMES BOTH PRE AND POST CONTRACT

BOTH EXISTING AND OFF-PLAN PROPERTIES

THE BUYER’S STEPS TO TAKE:

KWAKO NI KWAKO TWON and FAMILY BUDGET HOUSES-BUILT AND OFF-PLAN

1. Visit our web App at www.homes.ngata.co.tz
2. Register to get your NHA account on our platform
3. Select your preferred house or search by the search button
4. Select your preferred Payment plan (Ren-to-Own, Diminishing Musharakah, Cash ect)
5. Read the rent-to-own or diminishing musharakah contract for that selected house
6. If comfortable with the contact, then select your payback duration in terms of years
7. Set your start date to save
8. Choose your preferred bank
9. Submit your request for review
10. Receive notification of your request on you registered phone number and NHA Account dashboard
11. Download the rent-to-own, diminishing agreement, read, understand and sign it and upload it or if you choose you may come to our offices 14th Floor DERM PLAZA Makumbusho along New Bagamoyo Rd next to TIGO HQ and sign the original Hard cop
12. Get payments reference number on your NHA Account dashboard
13. Make Payments to the Landlord’s account that you will find on your dashboard not otherwise
14. Upload the receipts in your account from you Dashboard in your NHA Account under the financial menu
15. Receive receipts recipient notification from NHA
16. Receive your key and open your house to get into your future today

NHA STEPS:

1. Receiving the buyer’s request to get into our Housing scheme with already selected house.
2. Accepts or reject the request with reasons
3. Issue payment reference number to the buyer’s dashboard and text massage on the registered number if the request is accepted
4. Verification of payment by investors
5. Upload receipts to tenants Acct.