THT Terms & Conditions: The Structural Framework

1. Nature of the Agreement:

• £570 transaction is a Waitlist Deposit, not a traditional retail purchase, an investment, or a security.

• The issuance of the physical copper token and certificate is a complimentary artifact denoting waitlist position and voting rights, and carries no independent financial value.

2. The Ring-Fenced Guarantee

• 100% of the £570 deposit is held in a dedicated, ring-fenced client account, separate from the Tiny Home Foundation’s daily operational capital.

3. The Exact Refund Mechanics (Crucial for Stripe)

• Path A (Execution): If the buyer proceeds with a home purchase, the £570 is refunded in full to their original payment method immediately prior to the final contract signing.

• Path B (Exit): If the buyer chooses to leave the waitlist for any reason, the £570 is 100% refundable to the original payment method.

4. Non-Transferability (The Anti-Scalper Clause)

• One token per person

• A buyer cannot sell their THT to a third party on a secondary market. If they no longer want their spot, they must request a refund, and that allocation goes to the next person on the official priority ledger. This proves you are building a community, not a speculative crypto asset.

5. Voting Rights & Governance

• Holding a THT grants the individual consultative voting rights on the draft Residents’ Charter and Site B location, but does not constitute a legally binding shareholder vote until the actual Community Land Trust (CLT) is officially formed and shares are formally issued upon home purchase completion.