These applications are referred to the Plot Allocation Committee, which assigns the best unit or plot for the applicant’s business.
Talks between the applicant and Kizad before reaching a final agreement on the venture being established in the Industrial Zone.
Applicant may opt for a Preliminary Agreement allowing time to complete the required conditions precedent, or move on to signing the final agreement, for which, Kizad has developed a bankable instrument that enhances access to third party finance and investment.
PROCESSING STAGES FOR PRE BUILT SPACE APPLICATION
Applications for pre-built space (warehouses and offices) undergo a technical and financial review before Kizad agrees the appropriate unit(s) with the occupier before issuing an offer.
Offers will either be for a reservation agreement or an agreement for lease. Reservation agreement is a simple agreement where Kizad agrees to hold a given unit(s) for a particular. Lease agreement is a contract where Kizad agrees to deliver a certain unit(s) to a given design, specification and delivery date.
Occupier agrees to sign an occupational lease, which has been pre-agreed, on completion of the unit.