The ELES Tokens, together with the ELES Platform, give Judy the opportunity to vote on her favorite property in her chosen countries, Greece and Cyprus. She decides to go with Greece. She clicks on her desired country in the Elements Estates Pipeline section. She sees an eight-apartment Villa near the sea that can be voted on and acquired by the Elements Estates Fund, and can be voted on. The project is in its final stage and needs final refurbishments of the building.

In case the project gets the most votes of the community, the Elements Estates team acquires the real estate and starts renovation with the local SPV. When the building is finished and ready for sale, Elements Estates team represents the real estate in local real estate listings and also puts the real estate for sale on the ELES platform. All the platform users are informed about the listed real estate and can start changing their ELES tokens for ownership over the apartments, while the Fund, together with external partners, manages the maintenance of the building. And Judy does exactly that.

Judy likes the smaller apartment that is at that moment priced at 250.000 ELES tokens on ELES platform. She decides to change the tokens for the ownership of this apartment and simply starts the purchase procedure over the ELES platform. Through smart-contract Judy secures the apartment with down-payment of ELES tokens. As the Greece at the moment still does not have fully digitalized land registries and local legislation that would enable the fully digitalized ownership transfer, the last step — the contract signature that confirms the new owner — has to be done physically. She decides to do this after she will travel to Greece the next time.

perfect good morning reading

https://medium.com/@ElementsEstates/elements-estates-rent-purchase-case-scenario-1-4f28d70f30e5