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 Buying a Property

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TG Mayhem
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TG Mayhem


Posts : 19
Join date : 2011-02-14
Location : South Alderney Security HQ

Buying a Property Empty
PostSubject: Buying a Property   Buying a Property I_icon_minitimeMon Feb 28, 2011 11:39 am

When buying a property:

You may submit a loan application to the Banker. Your previous play, and income may impact whether or not a loan is given by the bank. If declined the loan may be procured by other means. Do Not Forget this.

The Bank may loan up to and including 100% of the cost of the building. If your income is not high enough a down payment may be incurred by the player interested in purchasing the property.

Loans may be acquired here: Getting a Loan

A percent, established between the bank and the property owned, will be taken out of either the property income or total player income per game until the property is payed off with an interest rate dependant on the players rating.

In the event that the player does miss more than 3 payments, the asset is seized by the bank, and put up for auction.
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