No, under no circumstances will you be required to contribute further capital e.g. during void periods or to cover defaults. All costs will be paid out of Gross Rent. The risk of large unexpected costs is mitigated through property insurance. To the extent that large costs are not covered by insurance, these amounts will be deducted from Gross Rent, reducing dividend payments.
Property Partner does reserve the right to take out a loan which is secured against the property, to fund large expenditure not covered by insurance. Property Partner will ensure that the loan-to-value resulting from the leverage provides sufficient headroom to raise this further debt if required at a later date.
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