4. Fees
In the process of reaching a joint sale, URFS will, on behalf of the participating owners, engage related consultants (including, but not limited to, solicitors, valuers and auction consultants) to provide relevant services to the Facilitation Agreement Participants. When signing of the Facilitation Agreement has reached the Joint Sale Threshold, the Facilitation Agreement Participants shall pay the amount below (“the Contribution”):
- Standard Fee: HK$2,000 per unit or
- Concessionary Fee for elderly owners: HK$500 per unit
Upon successful joint sale of the property interests, URFS will charge the Joint Sale Agreement Participants a service fee of 1% of their shares of the sale proceeds derived from the joint sale. At the same time, the Contribution will be refunded by URFS from the 1% service fee received.
The Facilitation Agreement Participants who decide to withdraw from the Facilitation Project on their own accord at any time will not be eligible for a refund of any payment.
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