| RESALE POOL FORM |
| To Fax: +44 8445852550 Please
Print this form,
Fill-in the details, sign it and scan the form, and attach with your email to:
[email protected] .
On approval
EWD
will send a confirmation email to you |
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East West Developments
Application for
Joining of the ReSale Pool.
TERMS AND CONDITIONS OF THE RESALE POOL.
- All investors/buyers who have made reservations on the
condo units can
join the developers 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.
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In the Resale pool, On sale, the investor pays to the developer
a subsidized
1% 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
3% 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 understand that the maximum Resales will
only take place on completion or near completion of the
development. I have read and understand the
Disclaimer, the terms and conditions and the Resale Pool Guidelines, and desire to join the Resale
pool.
For my reserved unit numbers _ _ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ .
(Please tick whichever is applicable)
(
) $1,000 joining fees for each 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)
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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 _ _
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| 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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