What is the Blockx Reservation Fee?

As part of the reservation process for purchasing one or more fractions in a property through Blockx Fractional Ownership, a refundable reservation fee of $150 per fraction will be charged. This fee serves to secure your interest in the property and initiate the purchasing process.

If the fractions for the property are not fully sold within a pre-sale period, Blockx will refund the reservation fee, deducting an administration cost of $25 per fraction. This administration cost covers the processing and management expenses associated with the reservation process.

Please note that the reservation fee is refundable only if the property Fractions are not sold within the pre-sale period. Once the property Fractions are fully sold and a Fraction reservation is awarded, it signifies progression to the next level of the purchase process and the reservation fee will no longer be refundable.

Thank you for your understanding and cooperation. If you have any further questions or require clarification, please don’t hesitate to contact us.