You will not be required to contribute further capital to finance ordinary management of the property, including, but not limited to rental voids, legal costs or maintenance, which are covered by gross rent. Unexpected costs (e.g. significant damage to the property) should be mitigated through insurance and property cash reserves.
London House Exchange reserves the right to raise further debt secured against the property to finance large expenditures not covered by other sources.
London House Exchange reserves the right to issue further shares to raise additional capital if required. Shareholders are guaranteed the opportunity to participate in proportion to their current shareholding, although this is not compulsory and if not taken up, will lead to dilution of your shareholding.
Article is closed for comments.