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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: info@eastwestdevelopments.com . On approval EWD will send  a confirmation email to you

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.
  • 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.

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)                                                                            (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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