Investment conditions / Lease possibilities:
— The property is only offered for sale. In such case, DormEast will look for an investor / buyer
— The property is offered for lease:
- a) Ready to use building — DormEast will rent the property for fixed amount per assignable square meter a month for a converted dormitory, according to our specifications. We will invest in facilities & furniture.
- b) Building conversion is required — DormEast will rent the property for fixed amount per assignable square meter a month and takes a reconstruction loan between € 500 -800 per square meter (depending on the property and investment sharing between the owner and DormEast) and converts the object to a dormitory.
-. Take-over of operational dormitory: ·DormEast will rent the property for a fixed price per assignable square meter a month, depending on the state and location. All lease agreements will be adjusted according the ECB infation-index. During the conversion and preopening period we will only pay the utility cost. During the lease contract we will pay all utility cost directly to the local public utilities (insurance, energy, water, security etc)