PROPERTY MANAGEMENT AND
WHAT IS THE SALES PROCESS TO CONTRACT A CASITA? The Lionsback Sales Team will provide you with a Real Estate Purchase Contract (REPC) and the initial sales package. You will have 5 business days to review these documents, sign the REPC, and return it to the Sales Team. You will then have 3 business days to make your initial 5% Earnest Money Deposit. Upon receipt of your signed REPC, the Sales Team will deliver a Seller’s Disclosure Package within 3 business days. inventdp.com HOW MUCH IS THE EARNEST MONEY DEPOSIT AND WHEN IS THE EARNEST MONEY DEPOSIT DUE? An initial earnest money deposit equal to 5% of the Purchase Price is due within 3-business days of signing the REPC. This initial 5% earnest money deposit will be refundable until the end of the Due Diligence Period. Reservation Agreement deposits will be credited towards the 5% deposit due at the signing of the REPC. An additional non-refundable earnest money deposit equal to 15% of the purchase price will be due upon hksinc.com receipt of the building permit and commencement of vertical construction of each individual Casita. The earnest money deposits will be held at First American Title Insurance Company and applied to the purchase price at closing. PURCHASE DETAILS WHAT SIZE ARE THE RESIDENCES? Lionsback resort will feature two- and three-bedroom single family homes known as “Casitas” ranging in size from roughly 1,600 livable square feet for the Strata Casita, 2,100 livable square feet for the Mesa Casita, and up to 3,000 livable square feet for the Spire Casita. WHAT AMENITIES ARE OFFERED AT LIONSBACK RESORT? Lionsback Resort is surrounded by some of the most incredible natural amenities that could never be replicated by man. The 9,000 acre Sand Flats Recreation Area is directly adjacent to Lionsback which offers world class mountain biking, hiking and four-wheeling. In addition to the biking and hiking trails that will be developed on the resort site, certain Club amenities, including, without limitation, the Club pool, are anticipated to be constructed along with the second phase of Casitas and will be available to Casita Club Members and certain guests (see “The LB Club” section below). WHO IS THE DEVELOPER OF THE PROJECT? The developer of Phase 1 of the Lionsback Resort is LB Moab Owner Phase 1, LLC who is solely responsible for the development of Phase 1 of the project. Invent Development Partners manages and oversees the development process. The principals of Invent Development Partners have over 60 collective years of resort and urban development from coast-to-coast.
NIGHTLY RENTALS
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WILL I BE ABLE TO SHORT TERM RENT MY CASITA? Yes. Lionsback Resort was entitled under the City of Moab’s Sensitive Area Resort Zoning (SAR) which allows for overnight accommodations. The City of Moab has removed all “overnight accommodations” from their zoning code, however, Lionsback Resort was approved prior to this occurring and, therefore, grandfathered in for overnight accommodations under the old zoning code. Notwithstanding the foregoing, certain restrictions and rules on short term rentals apply and we recommend full review of the Master Declaration of Covenants, Conditions, Restrictions, and Reservation of Easements for Lionsback Resort (CC&Rs).
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DEVELOPER Our vast knowledge in all aspects of the real estate development process, coupled with our attention to detail at every turn, provides the valuable edge you need to succeed in today’s highly technical and competitive marketplace.
DOES THE RESORT HAVE ON-SITE RENTAL AND PROPERTY MANAGEMENT?
ARCHITECT HKS creates experiential destinations that touch the soul of every guest. Our global team takes an inclusive, forward-thinking approach to create bespoke designs for our clients, their guests and communities. Curiosity, creativity and intelligence are the hallmarks of our design teams who balance beauty and performance in each environment they create.
Lionsback Resort intends to offer on-site rental and property management, provided, however, a Casita owner can choose to: (1) rent through the on-site rental and property management program, (2) rent through a third-party rental and property management company of such owner’s choosing; or (3) rent the Casita on such owner’s own account. It should be noted that any owner desiring to rent their Casita is required by the CC&Rs to follow the guidelines and restrictions established from time to time including without limitation maintaining the “Standard Package” which will require the owner to obtain the furniture and housewares package required by the rental and property management program. ARE PROPERTY MANAGEMENT SERVICES AVAILABLE IF I DON’T RENT MY CASITA? Yes, the Lionsback Property and Rental Management Company will provide typical property management services on a fee basis to all Casita owners, if desired.
INTERIORS Our approach is simple. We create uncomplicated, authentic interiors that complement the natural environment.
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