MODEL HOME SALES GUIDELINES
Thank you so much for your interest in the Lotus Edge Model Homes! If you want to take advantage of this exciting opportunity to purchase one of our Model Homes on Saturday, August 29, 2026, the policies and procedures below will apply.
- How to Purchase a Model Home; Pre-Registration Process. A $10,000 refundable deposit and completed reservation paperwork will be required to reserve a Model Home. Pre-registration will take place from now until 5:00 PM on Thursday, August 27, 2026. During this pre-registration period, it will be necessary for you to come to the Lotus Edge sales office to deliver a reservation check in the amount of $10,000 made payable to “LOTUS EDGE” (NY and NJ residents speak to your sales associate for the required alternative payee) and complete the reservation paperwork, which will include: (a) a Reservation Deposit Form, and (b) a Disclosure Summary for Lotus Edge Homeowners Association, Inc. If you cannot visit the sales center in person during the pre-registration period, please call us to make arrangements to have your reservation deposit check and paperwork delivered to us before the end of the pre-registration period.
Please be aware that the reservation deposit payment must be from an account in the actual name of the buyer reserving a lot (NO CREDIT CARDS OR THIRD-PARTY PAYMENTS WILL BE ACCEPTED – including payments from trust accounts, company accounts, in trust for, or other non-personal accounts). The reservation deposit will be fully refundable if you do not reserve a lot or do not subsequently enter into a contract for the purchase of a home for any reason. - Contract Execution and Deposit. You will receive sample copies of the Purchase Contract and homeowners association documents at reservation, so you will have an opportunity to review and become familiar with them prior to your execution of the Purchase Contract, including, without limitation, the provisions regarding the NO INVESTOR POLICY described below. After you have reserved a Model Home, you will have seven (7) days to enter into a Purchase Contract for the purchase of the Model Home. A deposit of ten percent (10%) of the total purchase price, less the $10,000 reservation deposit, will be required to be paid at the time of execution of the Purchase Contract.
- No Financing Contingency; Financed Amount. The Purchase Contract will be on an all-cash basis, meaning there will be no contingency for qualifying or obtaining a loan. Your entire deposit under the Purchase Contract (i.e., 10% of the Total Purchase Price) will not be refundable if you are unable to close on the home for any reason. Please also note that if you intend to secure financing for your purchase of a Model Home, the loan amount cannot exceed 50% of the Total Purchase Price.
- Appraisals. Due to the unique nature of, among other things, the features, decorations, fixtures and furnishings included in the Model Home, any appraisal (whether for financing or other purposes) may be for an amount less than the Total Purchase Price. Please understand that there will be no contingency in the Purchase Contract, the Total Purchase Price will not be reduced, and you will be obligated to close on the home regardless of the amount of any appraisal.
- Closing. Closing on the purchase of a Model Home is estimated to take place in April/May 2027, subject to the terms and provisions of the Purchase Contract. Notwithstanding such estimated closing date, Seller, in Seller’s sole discretion and without compensation to you, shall have the right to postpone the Actual Closing Date for one (1) period of three (3) months by giving notice of such election thirty (30) days prior to the then estimated closing date, as same may be extended.
- Brokers. If you are being represented by a broker, your broker must have accompanied you at your first visit and completed a Broker Registration Form or they will not be recognized as your broker. Lotus Edge will be cooperating with licensed real estate brokers provided they are properly registered at the Lotus Edge sales office and they enter into Seller’s Broker Participation Agreement at the time of execution of your Purchase Contract. Brokers will be eligible to be paid 3% of the Total Purchase Price of the Model Home subject to the terms and conditions of the Broker Participation Agreement. Brokers may not refund, rebate, or otherwise reimburse buyer any portion of the commission earned. Brokers interested in purchasing a Model Home for themselves may do so, but may only purchase one Model Home and must otherwise abide by all of the above procedures like any other buyer.
- No Investor Policy. You may only purchase one lot in Lotus Edge, and you must intend to purchase the home as your primary residence in Florida (but it does not necessarily need to be your primary residence). The Purchase Contract is not assignable or transferrable. The Reservation Deposit Form and Purchase Contract will require you to make certain representations regarding your purchase and will contain certain agreements to limit your ability to list or advertise the home for sale and/or lease prior to closing. In addition, in the event you sell and/or lease the home within one (1) year after closing, 100% of the gain realized from such sale and/or all of the rents received pursuant to a lease shall be paid to the Seller from the proceeds of such sale and/or lease, except for a sale and/or lease resulting from a hardship event that is documented and approved in writing by Seller (i.e., divorce, job transfer out of the area, or other reason acceptable to Seller). Any breach will be considered a default under the Purchase Contract which will provide the Seller with the right to terminate the Purchase Contract and retain all deposits and other monies paid by you. These restrictions and obligations will be contained in a deed restriction recorded at closing. A summary of the No Investor Policy is included with the reservation documents.
If you have any questions not answered here, please feel free to contact the sales office at (561) 585-8800 to speak with a Sales Associate.
