CFP-2.1.4
For real estate crowdfunding offers, the following additional information must be disclosed:
(a) details about the property, including its location and condition, and whether it is currently rented;
(b) details about the seller’s legal title to the property such as whether it is freehold, leasehold and whether the seller is able to sell the property free of any encumbrance;
(c) whether the property requires renovation or other work before it can be let;
(d) the independent valuation report on the property;
(e) the estimated annual charges and expenses relating to the property; and
(f) the estimated annual rental income on the property.
Added: April 2022