Delisting & Withdrawing Properties
Users that own
LandWorks NFTare to withdraw the land from the marketplace. Once executed, the transaction:
- Pays out the accumulated rent to the
- Transfers and burns the
- Transfers the original Land/Estate
The protocol does not track which address provided the land. The address that added the land can be different from the address that removes the land from the protocol. The
LandWorks NFTrepresents the right to remove the land, update the lending conditions and claim the rent fees.
The land can be removed from the protocol only if it does not have a
ruler. If the land has a
ruler, triggering the remove land method "takes the land off the market" (
delistedstatus) and enters it in a state of "for withdrawal". Scheduled rents will be honoured, but no new rents will be accepted.