A crowdfunding operation may be run for land acquisition, development and exploitation. The project sponsor’s land shall be shared between multiple crowdinvestors. The revenues (rent, proceeds from development, exploitation, resale, or other) of the land are shared between the project sponsor and the crowdinvestors according to a predefined agreement. Crowdfunding intermediaries seeking to conduct this type of operation must ensure that the project sponsors are duly registered with all relevant local administrative bodies and in possession of all title deeds.
Recommendation: ACfA Label Category 2
