T1. Purpose of the LOI
This LOI confirms the Buyer's intention to purchase a residential unit in the Aqua Viva Suites project in Kralendijk, Bonaire, under the terms and conditions described below. The LOI serves as the basis for drafting the final purchase agreement.
2. Project Description
Aqua Viva Suites is an exclusive collection of boutique residences, centrally located in Kralendijk. The project combines luxury island living with attractive rental returns through mandatory participation in the professional rental pool program.
Key Features:
Location: Near the Van der Valk Hotel, boulevard, restaurants, and diving shops
Amenities: Swimming pool, jacuzzi, garden with BBQ, massage & beauty services, private parking, Wi-Fi, airport shuttle, room service & on-site dining
Distance: 1.2 miles from Flamingo International Airport, walking distance from Te Amo Beach
Financial Structure
Phase 1 – Immediately Available (Move-In Ready)
Upfront payment of purchase price + 8% ABB tax + buyer's costs
Phases 2-4 (Pre-Sale, completion November 2027)
Flexible payment plan in 3 installments:
30% down payment + 8% ABB tax
40% interim payment + 8% ABB tax
30% final payment upon completion + 8% ABB tax
Rental Pool Program
Participation in Aqua Viva's professionally managed rental program is mandatory.
Aqua Viva provides management, marketing, and guest services.
The buyer receives passive rental income pro rata to their participation.
Terms & Conditions
This LOI is non-bding and intended as a declaration of intent.
The final purchase will be recorded in a formal purchase agreement.
