Terra Land Academy
  • Welcome aboard!
  • TERRA LAND PROJECT
    • What is Terra Land?
    • Our mission
    • Founders
    • FAQ
    • Useful links
  • TERRA LAND PLATFORM
    • How to start?
      • Registration
      • Wallet verification
      • KYC process
      • How to buy UST
    • TLAND Token
      • Utility
      • How to buy TLAND
    • Real Property Token (RPT)
      • Utility
      • How to get RPT
    • Loan Farming
      • Calculator
      • How to loan farm
    • Property Fundraising
      • How it works
      • How to participate
      • Prefund
    • Property On Demand
    • Liquidity Pool Staking
    • Single Asset Staking
    • Diamond Hands Program
  • VIDEO
    • How to verify a wallet
    • How to buy TLAND
    • How to stake TLAND
    • How to join the Prefund
    • How to participate in the Property Fundraising
    • How to Loan Farm
  • Terra Blockchain - coming soon
    • What is Terra Blockchain?
  • Real Property Market
    • Real estate market - introduction
    • Real estate market - main features
    • The division of the real estate market
    • How to join the real estate market?
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  1. TERRA LAND PLATFORM
  2. Real Property Token (RPT)

Utility

PreviousReal Property Token (RPT)NextHow to get RPT

Last updated 3 years ago

Real Property Tokens (RPTs) are the confirmation of the purchase of real property shares and a preliminary contract for the shares of the company that will own the real property.

RPTs are exchangeable for shares in the Special Purpose Vehicle (SPV) established for the purchased property. Each investor who wants to perform the preliminary contract and become the official company owner will be able to do that at any moment by undergoing the appropriate procedures for taking up shares in accordance with the regulations of a given country. Once the contract has been executed, RPTs are burned.

Additionally, RPTs entitle you to receive periodic income (usually monthly or quarterly) from the property purchased in the .

Moreover, RPT holders can vote on the important aspects of the purchased property.

RPTs are also used as collateral in .

Users will be able to trade their RPTs on the internal secondary market on the Terra Land Platform.

Property Fundraising
Loan Farming Protocol
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