What contributors receive
What a contributor receives, and what they do not. Clear publishes no rate, terms or projected return. Nothing here is an offer or tax or legal advice; see Contributors.
On this page
Shares
What a contributor receives for the property is shares in Clear Properties, one per dollar of appraised value, and nothing in cash. See What shares are.
Distributions
A property's income is handled in this order:
- 1.Rent is earned at the property.
- 2.The property pays its own costs first: taxes, insurance, upkeep and management.
- 3.The fund sets reserves and takes its fee.
- 4.The rest is distributed to every holder, pro rata to shares held.
No figure is published for any of these steps. How much, if anything, is distributed is not published either.
Tax distributions
The agreement that governs the shares requires tax distributions. The agreement is not public, and how a holder is taxed is a question for their own adviser. See Tax basics.
What a contributor does not receive
- No cash at contribution. Nothing is settled in cash.
- No control of the properties. Tenants, repairs and decisions about the properties are no longer the contributor's.
- No priority and no preferred return. Every holder is on the same terms, Clear Capital included.
- No published terms. Anything further happens in a private conversation, with documents sent to the contributor's own advisers.
Who decides about the properties, including the five reserved matters that need the co-op, is in The co-op's structure. That structure is a draft until the co-op adopts its bylaws.
What anyone can check on the chain
- Balances and credit lines: the savings and credit contracts. What anyone can read is in What anyone can read.
- Title records for contributed property: Not available yet. What a T-Deed is: Deeds and real-world assets.
- Distributions to property holders: none are paid on the chain, so there is nothing there to check.
Who holds the keys to each contract today is in On-chain authority.