Q: How does a homeowner cancel the Equity Sharing Agreement?
The Equity Sharing Agreement between a homeowner, investors, and Vesta Equity usually ends when the homeowner decides to sell the property. This allows the homeowner to maintain ownership and residential rights to the property for as long as it makes sense to, and move on naturally when they're ready. A homeowner, however, might want to end the agreement without selling the property. In this case they can repay the better of 1) the value of the investment or 2) a minimum investor return as designated in the Equity Sharing Agreement. Once the investment is repaid, Vesta Equity will handle the required closing and confirm the end of the contract.