Are developers willing to guarantee the rental and the rates of the condo hotel units when not used by the owners?
No. Developers are aware that there are potential security law issues that may arise out of the sale of condo-hotel units. In order to avoid coming under the scrutiny of any federal or state securities agencies, owners usually take several simple preventative measures. These include: • Refraining from setting rental revenue expectations for prospective buyers. Instead, the developer’s emphasis is on the Real Estate itself as per the marketing material and presentations. The developers avoid raising purchaser’s investment expectations. Providing anticipated financial information may give the project the appearance of a security. • Therefore, it is best to consider your purchase to be similar to the purchase of a second home or vacation home. If you buy right and choose a desirable building in a good location, there is likely to be appreciation of your investment over the years. Then, as icing on the cake, if you choose not to use your unit, you can receive income from its rental to help
Related Questions
- Are developers willing to guarantee the rental and the rates of the condo hotel units when not used by the owners?
- Are developers willing to guarantee the rental of the condo-hotel units when not used by the owners?
- Are developers willing to guarantee the rental of the condo-hotel unit used by the owners?
