CitaDAO Docs
  • Overview
    • Introduction
      • Why bring IRL property on-chain?
      • What sets apart CitaDAO from past tokenization projects?
      • Who is CitaDAO for?
    • FAQ
      • FAQ (Listing Properties)
      • FAQ (Real Estate Tokens)
      • FAQ (Legal)
      • FAQ (Operations)
    • Roadmap
    • Tokenized Real Estate
      • 20SML0253
      • 18SML711
  • How IRO works
    • Overview
      • Conducting Due Diligence
    • Introducing Real Estate On-chain (IRO)
      • Committing Stablecoins
      • IRO Rewards
      • IRO Outcome
    • Operations
    • Buyouts
      • Redeeming the Title Deed
    • Primitives
      • Liquidity Primitives
      • Utility Primitives
      • Economic Primitives
  • IRO User Guide
    • Getting Ready
    • IRO User Guide
      • 1. Committing to the IRO
      • 2. IRO Outcome - Properties
        • IRO succeeded & What's next
        • IRO failed & What's next
    • FAQ - Troubleshooting
  • IRO Details
    • London Commercial Building IRO
    • Singapore Industrial Building IRO
      • Singapore
        • 20 Sin Ming Lane
        • 18 Sin Ming Lane
      • Market Comparable
    • Cardiff Commercial Building IRO
      • Cardiff City
      • Property Pricing
  • xKNIGHT Staking
    • What is Staking?
    • What is xKNIGHT?
    • Staking Guide
  • KNIGHT Yield Farming
    • What is Yield Farming?
    • Yield Farming Guide
  • RET YIELD FARMING
    • What is Yield Farming?
    • Yield Farming Guide
  • Tokens on CitaDAO
    • KNIGHT Token
      • CitaDAO Tokenomics
    • Real Estate Token (RET)
  • Security
    • Security at CitaDAO
  • Acronyms
  • Deployed Contracts
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Risk Disclosure Statement
  • Other Languages
  • Get Involved
    • Contribute at CitaDAO
    • Governance Forum
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On this page
  • Who manages the property?
  • How are property managers appointed?
  • What is the fee lost from converting profits and distributing it on-chain?
  • Who pays the cost for legal processes after the IRO (e.g. setting up the SPV)?
  • How do I redeem the underlying property?

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  1. Overview
  2. FAQ

FAQ (Operations)

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Last updated 3 years ago

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Who manages the property?

The DAO appoints a property manager to handle day-to-day operations. These managers are experienced independent Real Estate firms such as JLL, Knight Frank, CBRE, etc. and will be engaged to resolve all issues and matters including tenant disputes.

If the property manager is not performing, they will automatically be replaced by the SPV Director.

How are property managers appointed?

After a successful Introducing Real Estate On-chain (IRO), all qualified property managers will be invited to submit a proposal to manage the Real Estate and that proposal will include projections for the next 12 months in terms of expected rental income, operating cost, and property management fee.

  • The property manager who submitted the highest projected rental yield will automatically be appointed by the SPV director.

RentalYield=RentalIncome−OperatingCost−PropertyManagementFeeRental Yield = Rental Income - Operating Cost-PropertyManagementFeeRentalYield=RentalIncome−OperatingCost−PropertyManagementFee

  • During the next 12 months, if the property manager underperforms significantly from their projection, they will automatically be replaced with the property manager that submitted the next best proposal.

What is the fee lost from converting profits and distributing it on-chain?

Approximately 1% will be deployed to convert fiat rent on-chain. This will also depend on the platforms used to make the conversions.

Who pays the cost for legal processes after the IRO (e.g. setting up the SPV)?

The Real Estate Token (RET) holders of a successful listing will bear the cost of the nominee director and the setting up of the SPV structure.

How do I redeem the underlying property?

The title deed can be redeemed via the .

buyout process