HEADS OF TERM(S) SUMMARY subject to agreeing the complete term(s) within the Purchase & Management agreement Contract (BD)


Purchase Agreement Summary

Predetermined location of residential prefabricated static full occupancy Unit

Operating residential park home site in the UK with a plot of land measuring 20 metres long, 6.8 metres wide. 

Seller:

Concept Capital Group Ltd incorporated and registered in England and Wales with company number 12286171 

Correspondence address:

3rd Floor The News Building, 3 London Bridge Street, London, SE1 9SG

Buyer:

Prospect

Product

A residential prefabricated static full occupancy unit as per the product specification - LAND TITLE DEED NOT INCLUDED

Product Specification

Residential prefabricated static full occupancy unit size variations from - “36 x 12” to “39 x 12”

Multiple configurations available for 2 and 3 bedroom units and 3 different kitchen plans to choose from

Unit(s)

Number of product(s) purchased.

Purchase price

TBC

Plan

Example of plan of attached

Right of First Refusal

The seller has the right of first refusal when the buyer wishes to sell the product

Insurance

The seller shall take out a policy to cover the replacement valuation of the static home

Purchase Agreement Schedule  https://concept-capital-group.com/contracts/purchase-agreement-schedule-full-occupancy-prefabricated-static-unit-auction/

 

Management Agreement Summary

Predetermined Location Of Prefabricated Static Home Unit

Operating residential park home site in the UK with a plot of land measuring 20 metres long, 6.8 metres wide 

Supplier

Concept Capital Group Ltd incorporated and registered in England and Wales with company number 12286171 

Customer

Prospect

Predetermined Occupant

Low income based government assisted individual or family

Initial term

12 years (2 year Break Clause)

Guaranteed rent

Management Company shall guarantee rental monies of £337.50 per Unit(s) each calendar month for the customer.

Buy-Back of Static Home

Management company will have the option to buy back the Unit(s).

Insurance

The supplier will maintain public liability and product liability insurance for the Unit(s)

Management charges

The supplier will retain £203.50 per calendar month for the management of the site which will be taken from the total monthly rental income due

Facilities Management

The management company will manage all repairs and maintenance of the unit(s) during the term.

Subcontracting

The supplier may subcontract their obligations with the consent of the customer (not to be unreasonably withheld)

Charges

Total Monthly Rental Income per calendar £541 

The supplier shall retain the management fees per month of £203.50

The supplier will guarantee rental income of £337.50 per month for the customer

Guarantees

The customer to abide by all policies laid out by the Management Company

Insurance

The supplier will maintain a public liability insurance

The supplier will maintain in place a product replacement insurance

Break Clause

The customer and supplier may terminate the agreement early by serving notice 6 months prior to the Break dates

On Termination of agreement

 

 

Management Agreement Schedule

 

The supplier shall vacate the facilities, return any possessions and documentation to the customer, submit an exit management plan and assist in the transfer of services.

 

https://concept-capital-group.com/contracts/management-agreement-schedule-full-occupancy-prefabricated-static-unit-auction/

 

 

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Document name: HEADS OF TERM(S) SUMMARY subject to agreeing the complete term(s) within the Purchase & Management agreement Contract (BD)
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Timestamp Audit
9 December 2022 1:39 pm GMTHEADS OF TERM(S) SUMMARY subject to agreeing the complete term(s) within the Purchase & Management agreement Contract (BD) Uploaded by Ian Elliot - Director on behalf of Concept Capital Group - compliance@concept-capital-group.com IP 212.161.36.222