EX1A-3 HLDRS RTS 5 ea158218ex3-11_landaapp2.htm SERIES DESIGNATION FOR LANDA APP 2 LLC - 189 IRIS COURT RIVERDALE GA LLC

Exhibit 3.11

 

SERIES DESIGNATION OF

LANDA APP 2 LLC - 189 IRIS COURT RIVERDALE GA LLC,

A SERIES OF LANDA APP 2 LLC

 

In accordance with the Amended and Restated Limited Liability Company Agreement of Landa App 2 LLC, a Delaware series limited liability company (the “Company”)(the “Agreement”), and upon the completion of this Series Designation by the Company and Landa Holdings, Inc. in its capacity as manager of the Company and of the Series, this Series Designation shall be attached to, and deemed incorporated in its entirety into, the Agreement as the “Landa Series 189 Iris Court Designation”.

  

Name of Series Landa App 2 LLC - 189 Iris Court Riverdale GA LLC (also referred to herein as “Landa Series 189 Iris Court”), a protected series of the Company (the “Series”).
   
Effective Date of Establishment May 2, 2022
   
Property The Property located at 189 Iris Court, Riverdale, GA, 30274.
   
Manager Landa Holdings, Inc.
   
Management Fee and Other Fees A monthly management fee expected to be 8% of the Gross Monthly Rent. The Monthly Management Fee may be changed at any time, in the sole discretion of the Manager, but at no time, will it exceed 10% of the Gross Monthly Rent.
   
Issuance The maximum number of membership interest, or “Shares,” the Series can issue is 10,000.
   
Fiscal Year End December 31
   
Broker of Record Dalmore Group, LLC
   
Broker Fees 1%, in cash, of the purchase price of the Shares sold in the offering of the Series’ Shares.
   
Liquidation As set forth in the Agreement
   
Other N/A