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Fax: 001 To Fax: 9164195257 Print it,
Fill-in,
sign and fax this form, or scan and attach and send it with
your email. On approval we will
will place your unit in the Resale
Pool.
East
West Developments
Email:
ewdev@aol.com
Application for Joining of the ReSale Pool
Form.
TERMS AND CONDITIONS OF THE RESALE POOL.
- All investors/buyers who have made reservations on the
condo units can
join the developers resale Pool. Fractional unit
and Parking slot holders are not eligible for the Resale Pool.
The resales
pool may be closed once all the units have been reserved.
- This election may be made any time after 9 months following the
Reservation Agreement date.
- To join the resale pool the investor has to put a $1000 deposit with the developer.
This amount may be paid on a credit card. This is a good faith deposit and this amount is adjusted in the commissions paid on the resale.
- If the investor
moves out of the pool this amount of $1000
is non refundable. However if the investor again
joins the pool, then the investor need not pay
the deposit again, but he has to pay a fee of $5 as administration fees for rejoining the resale pool.
-
In the Resale pool, On sale, the investor pays to the developer
a subsidized
3% commission on the sale price, instead of the
regular 6% (Sellers who have not joined the
Resale Pool pay the regular 6% commission on the
sale price).
- The new buyer pays
6% assignment fees to get the resold reservation registered under the new buyer’s name.
- On resale of the
unit, the developer will take the commissions on
receipt of the funds, and the balance is paid to
the investor/seller less our commission.
- If paying in
Installments, then the investor will remain
current on his installment payments. If payments
are late or in default, the investor will be
moved out of the resale pool. However on making
his payments current, the investor can again
join the resale pool. on paying the $5 rejoining fees.
- The Developer will first sell the units in his release inventory, and then sell the Investor units in the resale pool.
- All efforts will be made, but the developer cannot guarantee any resale results.
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I also know that the
original buyer incentives of 20% cash back, Lucky draw for
free car, Guaranteed rental returns, and other original
buyer offers are not valid if the original buyer sells the
property. The new buyer is not eligible for these
offers. These offers are non-transferable.
I understand that the maximum Resales will
only take place on completion or near completion of the
development. I have read and understand the
Resale Pool Guidelines and the
above Resale Pool terms, and desire to join the Resale
pool.
For my reserved unit numbers _ _ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ .
(Please tick whichever is applicable)
(
) $1,000 joining fees for each full unit of
Condos or Parking slots.
Total amount sent _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
_ _ _ _ _ _ _ .
Amount sent via _ (Please tick
whichever is applicable)
Credit card(
)_ _ _ Paypal(
)_ _ _ _ Bank wire(
)_.
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_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
(Signature)
(Print Name) |
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(Date)
(email) |
address:.............................................................................................................................................
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| ( ) On
receipt of the above funds, Your unit will be placed
under the Resale Pool. |
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Offical use:
Please do not write below this line
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| Approved on _ _ _ _ _ _ _ _ _ _ _ _
_ by _ _ _ _ _ _ _ _ _ _ _ _ _ _ Verified by _ _
_ _ _ _ _ _ _ |
| Total payment received _ _ _ _ _ _ _
_ _ _ _ _ _ received on. _ _ _ _ _ _ _ _ _ _
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| Placed in Resale Pool on _ _ _
_ _ _ _ _ _ _ _ _ _by _ _ _ _ _ _ _ _ _ _ _ _ _ _checked
by _ _ _ _ _ _ _ _ |
| Method _ _ _ _ _ _ _ _ _
_ _ _ _ Agent_ _ _ _ _ _ _ _ _ _ _ _ _ _
Company Rep _ _ _ _ _ _ _ _ _ _ _ _ _ |
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