"MY
PIED-A-TERRE IN LE MARAIS"
SIZE: 35 to 45
square meters (377 to 485 square feet)
ROOMS: two rooms
-- one bedroom apartment, with bedroom on a courtyard for
quiet, full bath (perhaps bath + separate toilet) and open
American-style kitchen
LOCATION: Le
Marais, districts 3 or 4
LEVEL: No higher
than 3rd floor (European) without an elevator
BUILDING TYPE:
17th, 18th or 19th-century (no newer buildings!)
AMENITIES: lots
of light, nice views, fireplace or balcony or patio, secured
storage for personal belongings, all new kitchen and bath
fixtures, all the luxurious comforts
COST:
4 shares, 135,000€ each, 3 months of usage per
year
5 shares, 108,000€ each, 10 weeks + 2 days of usage per
year
6 shares, 90,000€ each, 2 months of usage per year
Total 540,000€
USAGE: Owners
determine their own usage calendar and have complete flexibility
to arrange their calendar among themselves
FEES INCLUDE:
* Full price of the property including agency fees.
* All notarial and legal fees.
* Property search and consultation fees.
* Complete renovation and furnishing of property to luxury
standards by professional interior architect and contractor
within certain budgetary constraints.
EVERYONE
MUST AGREE:
Members of the purchase pool must be willing to invest the
full amount of at least one of six, one of five or one of
four shares to be held in an escrow account to fund the property
search, purchase and renovation.
The search will commence upon commitment in writing and receipt
of funds from all members of the purchase pool with an agreed
upon allowance for a minimum of 90 days to locate the property.
Upon location of a property that fits the above parameters,
a memo with photos and description of the property will be
sent to all members who may decide at that time to approve
or decline the property in a timely manner -- within 48 hours
of receipt of the memo. Any group which is able to approve
the found property with a combined total of 540,000€
will enable the purchase process to proceed.
Members of the purchase pool will provide proxy to the Adrian
Leeds Group, LLC to sign notarial documents on their behalf:
the Promesse de Vente and Acte de Vente -- allow 3 to 4 months
to completion.
Three decor concepts that fit within the renovation budget
will be presented to the purchase pool for voting and will
be executed by the interior architect and construction team.
Any choices made by the purchase pool outside the framework
of the budget will be charged over and above the initial fees.
Allow 2 to 3 months to completion.
Members of the purchase pool will appoint one spokesperson
for the purchase pool to make day-to-day decisions and act
as a "liaison" between all members of the purchase
pool. |