Options for Renting the Unit

Upon completion of the Unit, the Purchaser shall have the right to give on rent the Unit based on any of the following three options:

Option 1 (Guaranteed Rental Return)
1. The Purchaser shall lease the Unit to the developer to sublet it to third parties.
2. The Developer shall pay the Purchaser 10% of the Unit Purchase Price per annum.
3. Should Purchaser decide to proceed with these options, developer guarantees to rent the Unit for ten years.
4. A management fee of not more than 2% of the Unit Purchase Price per annum will also apply.


Option 2

1. The Purchaser shall lease the Unit to the developer to sublet it to third parties.
2. The leases shall be for short terms (daily, weekly, or monthly).
3. The net profit (after operating cost and taxes) will be divided between the Purchaser (50%) and OGV (50%).
4. The Purchaser's income is subject to a management fee of 2% of the net profit.