UNDERSTANDING THE CONDOMINIUM MODEL
Real Estate Consultancy Fee: The Consultancy is, on average, 10% of the quota PSV (full price of the unit), net of swaps. Cash and accrual recognition occur as clients adhere (acquire quotas) to the Condominium.
Management Fee: The management fee represents 15% of the total construction cost and is received and accounted as the construction work advances.
Land Development Fee: Revenue generated from the sale of a Condominium quota as the Company accounts a profit over the land portion equivalent to that quota.