EX1A-3 HLDRS RTS 5 ea154005ex3-1_landaapp3.htm SERIES DESIGNATION OF LANDA APP 3 LLC - 6696 MABLETON PARKWAY SE MABLETON GA LLC

Exhibit 3.1

 

SERIES DESIGNATION OF

LANDA APP 3 LLC - 6696 MABLETON PARKWAY SE,

A SERIES OF LANDA APP 3 LLC

 

In accordance with the Limited Liability Company Agreement of Landa App 3 LLC, a Delaware series limited liability company (the “Company”), dated January 7, 2022 (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 6696 Mableton Parkway SE Street Designation”.

  

Name of Series   Landa App 3 LLC - 6696 Mableton Parkway SE Mableton GA LLC (“Landa Series 6696 Mableton Parkway SE”), a protected series of the Company (the “Series”).
     
Effective Date of Establishment   January 7, 2022
     
Property   The Property located at 6696 Mableton Parkway SE, Mableton, GA, 30126.
     
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 change 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 100,000.
     
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