Operation Of The Owner Bonus Plan
Caicos
Beach Club Resort and Marina's goal is to maximize your enjoyment
and help you make the very most out of your Ownership. In an effort
to meet these goals, we offer our Resort Residence Owners the Owner Bonus Program. Of
course, the program is bound by the restrictions as detailed in
the the Rules and Regulations, but here are the basics:
- Each
Resort Residence Owner who places their Personal Residence in the Private
Lodging Plan will receive, in addition to the net lodging
fees, Two Free Bonus Weeks of usage per year in the Resort
Residence type purchased with no maintenance fees or
use fees due. While the Resort Residence Owner is
enjoying these two free weeks, their unit remains in
the lodging plan earning money! If the owner desires
to stay in a larger Resort Residence during these Two
Free Weeks usage, the Resort Residence Owner shall pay
the difference between the posted rack rate of the larger Resort Residence and the Resort Residence
owned.
- Once the two free weeks have been used that year and
the Owner would like additional usage, the Resort
Residence owner may call at any time within 14 days of
when they would like to come and if the Resort is less
than 70% occupied, the owner may reserve any size unit
available with the only charge being a housekeeping
fee and a nominal administrative fee. Once again
while they are vacationing their Resort Residence is
still in the rental program.
- In addition, if the owner desires to stay additional
time during the year (two free weeks have been used),
the owner can call at any time without the 14 day and
70% restrictions above and reserve any size Resort
Residence available. The Resort Residence Owner shall
pay only 50% of the posted rack rate of the Resort
Residence size reserved and will still have their
Resort Residence in the lodging plan earning revenue.
In fact, not only does the Resort Residence Owner
receive the income but they also can have as much
usage as they require.
For further information, click here to view the investment pro forma.
Click here to return to the Private Lodging Plan |
