mentawai_villas

i n v e s t , e x p e r i e n c e & e x p l o r e

t e r m s a n d c o n d i t i o n s o f p u r c h a s e . . . . .

Owners are free to choose when and how they use their villa free days without restriction. Last minute bookings will be subject to availability and owners may be offered an similar villa if theirs is already booked.
Villa rental will be pooled so all villa owners will receive an equal share of net rental revenues less any owner occupied nights.
Owners will receive a monthly statement detailing net income.
Payment of owners income will be made on a biannual basis after deduction of fixed and variable fees.
Maintenance fees are fixed and payable in year one bi annually. In subsequent years owners may elect to have these fees deducted from income.
A fixed annual maintenance fee of $5,000 will apply to cover servicing of boats, water-sports equipment and buildings, pool maintenance, power and utilities, charges for satellite TV and internet connection.
From year two a minimum of $1,000 of the maintenance fee will be placed in a reserve account to cover major replacement and maintenance items.
Variable logistics fees will be levied to cover inclusive meals, speedboat transfers, staff & housekeeping.
Management fees are based on 20% of the net villa rental.
The purchase process is linked to the construction of your villa with a sign off by the Architect and Quantity surveyor required at each stage.

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