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Real
Estate Phase One CWC LLC will handle all requests for purchases of residential and commercial real estate units as follows: Step 1 - Initiation of a Purchase The qualified purchaser will submit his name, postal address, telephone and facsimile numbers, and email address; together with information about his preferred condominium apartment and acceptable alternatives, via facsimile or email. We ask the purchaser to use email only then, if he knows how to protect his privacy. The way the purchaser would contact us will be the preferred communication way between CWC LLC and the purchaser. Purchaser’s request creates purchaser's ID on our listing (“Purchasers’ Lists”). Purchaser must be able to pay the Initiation Fee in of $9,500 order to validate his ID on Purchasers' List during a period of 5 subsequent business days. The Initiation Fee will be a part of the Option Fee at Effective Date. The Initiation Fee opens the trading period.
At Effective Date of the Offer
to Purchase and Contract, the purchaser will
be required to pay the
Option Fee of $5,500
for the termination option over 730 days, the
Building Deposit of $5 per square foot,
and the Earnest Money according to his Offer to Purchase and
Contract.
The Initiation Fee will add to the Option
Fee, totaling in a $15,000 Option Fee. The purchaser may exit the Offer to Purchase and Contract legally without using the termination option in case we would not deliver the snow domes in time. In this case, the Option Fee (including the Initiation fee) will be fully refundable.
The purchaser will mail a bank
check to our real estate lawyer. The beneficiary is CWC LLC
Real Estate. If the check arrives, we will submit to the purchaser information with a download link and download instructions, and the purchaser may download the Package. The Package will include
In case that no check would arrive for a purchaser's ID during the following 5 business days after we received the contact data, we will open the ID for another purchaser. Cashing the check will validate purchaser's ID on the Purchasers' List. We will wait for 10 subsequent business days after submitting of the download link. In this time, the purchaser may revoke the purchase, and CWC LLC will refund the Initiation Fee. After 10 subsequent business days, we will assume that the purchaser would close a deal as soon as possible; and we will send to the purchaser his individual password, which he may use to identify himself if he suspects a misuse of his Trading License. The initiation fee would be refunded in the Closing Balance. The purchaser may start the legal purchasing process immediately if he wants to acquire one of the 164 apartments in the Condominium at Holland View; however, there could be a short delay because of the pending County approval. Trade starts at publishing day in the condominiums with vacant lots. We will accept in Phase One 2436 checks for condominium apartments, 150 checks for vacant lots, and 79 checks for commercial real estate units. If we would receive more checks than planned units, then we will notify the purchaser. At purchaser's request, we would return the check, or we would move purchaser's name into Phase Two or Phase Three, and the purchaser may trade for his desired condominium; however, the pricing in future condominiums will be adjusted to future market conditions. The purchaser may trade his ID using our sales department as a market. We will charge 10% of any trade value as transaction fee. The payment of the transaction fee will legalize the trade contract, change the price in the Purchasers' List, and disclose the real names and addresses of the trading purchasers to each other. If a purchaser does not want to trade, he simply may ignore the bids. The trading period in any particular subdivision starts with reception of the trading license and a priced Purchasers' List. Subdivisions without initial pricing do not trade. The trading period ends at Effective Date of the Offer to Purchase and Contract, which will remove the ID from the Purchasers' List. The sales department of CWC LLC performs a due diligence. That includes address and telephone verification, and compliance with obligations according to the Offer to Purchase and Contract. In case of a failing due diligence, the purchaser would lose his ID. The initiation fee and/or the Trader's License fee would be forfeited. If the purchaser would terminate his ID and Trading License after the revocation period, then the Initiation Fee would be forfeited. Trades after Effective Date CWC LLC does not intend to regulate or interfere in trades of individual purchasers after Effective Date; however, we would support such trades conducted in the manner above at purchaser's request. For privacy and security reasons, We do not
We do
The SEC might look at purchase of more than one unit as of a purchase of securities. CWC LLC is no securities issuer/broker/dealer, and will allow the qualified purchaser to buy as much units as he wants; however, any purchase in a single condominium will be handled and delivered as a single custom unit, and will create a single indivisible vote in the future Home Owner's Association/Commercial Community. All information about later real estate sales in Canton Wintersports Center except Condominium at Holland View is subject to change without notice; however, we will update our website, reflecting planning and construction progress. The purchase of a vacation property in the U.S. and its use as an investment (rental income etc) may create an individual tax record with the IRS independent from bilateral tax treaties between the U.S. and third countries. For details, please ask your tax adviser. Welcome FAQ Investor Relations Real Estate Photo Gallery
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