Investing in the real estate market and in premises offered in the system of condos and aparthotels involves a specific investment risk regarding the offered product, and also the activities of the developer, operator and their market environment.
Materials offered by the Developer and the Lessee do not constitute any recommendation for concluding contracts, and the Buyer should independently assess the Investment Undertaking and the risks associated with it.
The Buyer purchasing the Premises as part of the Investment Undertaking acquires from the Developer the ownership of a separate immissible premises (with its own separate land and land register, which will be established for the Premises) together with the share associated with the Premises in the right of ownership of the common property.
The Purchaser (Lessor) concludes a lease agreement with the Tenant for a period of 10 years.
The Buyer must take into account the possibility of a possible decrease in the value of the Premises over time, as well as failure to obtain the intended investment result, due to involvement in the condo system. It should be emphasized that the acquisition of real estate is usually a long-term investment, so when deciding to acquire the Premises, it should be borne in mind that the situation on the real estate market is volatile and depends on many economic factors. Conjuncture favorable at the time of acquisition of the Premises does not mean that it will be equally beneficial in the future.
When deciding to purchase the Premises from the Developer and conclude a lease agreement with the Tenant, the Developer and the Lessee ask for the Buyer to verify, in particular, the following parameters of the Investment Project, which may contribute to establishing cooperation with the Developer and the Lessee or resign from such cooperation, i.e.:
1) location of the Investment Undertaking;
2) the legal status of the property on which the Investment Project will be executed;
3) the method of financing the Investment Undertaking;
4) the content, including the subject matter, of the preliminary sale agreement with the Developer;
5) the content, including the subject matter, of the lease agreement with the Lessee;
6) the experience of the Developer and the Tenant, including their partners and persons, representing the Developer and the Tenant;
7) expected investment results.