Investing in the properties and premises under the condo and apart hotel system involves certain investment risks related to the product offered, the activities of the developer and operator, and market environment.

The materials offered by the Developer and the Lessee do not constitute any recommendation to enter into agreements and the Buyer should assess the investment project and the associated risks on its own.

The Buyer acquiring the Premises as part of the Investment Project acquires from the Developer the ownership of a separate non-residential unit (with its own separate land and mortgage register to be established for the Premises) and the associated shared title to common property.

The Buyer (Lessor) enters into a lease agreement with the Lessee for a fixed term of 10 years.

The Buyer must be aware of a possible decrease in the value of the Premises over time and the possibility of not achieving the intended investment outcome due to involvement in the condo system. It should be emphasised that the purchase of real property is usually a long-term investment and the Buyer, in deciding to purchase the Premises, should bear in mind that the situation on the real property market is volatile and depends on many economic factors. A favourable economic situation at the time of acquiring the Premises may not be equally favourable in the future.

The Developer and the Lessee request that the Buyer – in deciding to purchase the Premises from the Developer and enter into a lease agreement with the Lessee – verify, in particular, the following parameters of the investment project, which may influence to the decision to establish or withdraw from cooperation with the Developer and the Lessee:

1. the location of the investment project;
2. the legal status of the property on the site of which the investment project is to be implemented;
3. the method of financing the investment project;
4. the content, including the subject matter, of the preliminary sales agreement with the Developer;
5. the content, including the subject matter, of the lease agreement with the Lessee;
6. the experience of the Developer and the Lessee, including their partners and representatives;
7. the expected investment outcomes.