Rental Pool Program
Buying apartments in Layan Green Park, you can participate in the rental pool program, which allows you to get 60% of rental income for 5 years.
Rental income under the Rental Pool program is calculated as 60% of the actual annual rental income of all apartments in the complex participating in the program. Rental income is defined as annual rental income minus annual expenses associated with renting an apartment, for example, for marketing and servicing an apartment. Rental pool rental income is paid to the owner at the end of each year for the duration of the program. As a rule, rental income under the Rental Pool program is slightly higher than rental income under the Guaranteed Income program.
The management company takes care of all the rental and maintenance of the apartment for rent. Moreover, throughout the year, the owner receives passive income from renting an apartment and can stay in his apartment for 30 nights a year from May to October. Thus, the owner has the opportunity to receive income not only from the increase in the cost of an apartment purchased at the construction stage, but also rental income from renting at the end of construction.
1st payment: within 30 days after the reservation (minus the amount of the reservation).
2nd payment: at the beginning of work on the foundation (September – October 2020).
3rd payment: upon completion of the construction of buildings (October – December 2021).
4th payment: upon completion of the plastering work (June – July 2022).
5th payment: on the date of registration of ownership (December 2022 – February 2023).
To participate in the program, it is necessary to purchase a full standard furniture package from the developer. It is important to note that the management company bears full financial responsibility for the apartment and solves all issues of maintenance and repair of the apartment without involving the owner.