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What happens after the 5th full year of usage by the owners?

April 26, 2017happens owners usage year

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What happens after the 5th full year of usage by the owners?

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After the fifth year of ownership, the property will be listed for sale, according to the pre-agreed upon terms in the Contract of Purchase, signed by the owners at the contract signing for the purchase of their share. All five (5) share owners may decide to extend ownership of the property for one (1) year however the decision must be unanimous. This guarantees the owners a simultaneous exit from their ownership role in the property.