RESALE LISTING INFORMATION AND TERMS
Acquiring a Vacation Lease
has provided many people with a wonderful holiday option.
The well maintained villa accommodation at the Mountainside Resort offers
visitors a very comfortable home away from home.
Leaseholders have the option to join an exchange organization, Interval
International, which will allow them increased flexibility in their holiday
planning both in location and timing.
Rental options also exist.
Potential purchasers of
Vacation Leases should be very clear that acquisition entails a set of serious
obligations. It would be foolhardy to
purchase a lease without having a clear concept of what the leasehold contract
entailed. Each lease entitles an owner to
one week of holiday time. This week
will occur either on an annual or biennial basis as determined by the lease.
All leases have an expiry date with which you should familiarize
yourself. A maintenance fee is due to
your management company for each week you own by 31 January of every year in
which you are entitled to lease use. The
fee varies depending on the size of villa
owned. Leasehold agreements provide the
guidelines to which leaseholders must abide.
The following brief
overview touches on sections, which deal directly with lease use.
Check-in time is after 4 PM, and checkout is at 10 AM or earlier.
Check-in and check out days will always be the same i.e.: (Sat. to Sat.,
Mon. to Mon.), and must be verified by a calendar published by the management
company. These pre-arranged
check-in days will be Friday, Saturday, Sunday, or Monday.
Including children, one-bedroom villas have a maximum occupancy of four
people, and two bedroom villas a maximum of six. Upon departure villas must be
left in good and clean condition; occupants are responsible for breakage and
damage. A key deposit must be left
at the time of check-in, and will be returned if all keys are returned.
Maintenance department employees of the management company may enter
units at all reasonable hours to make repairs and alterations to the villas.
The lessor, represented by the management company, may issue rules and
regulations governing villa use, which lessees must abide by.
One vehicle may be parked near each villa, and another on the
Mountainside Vacation Villa property.
PETS and
the use of R.V’S
are strictly prohibited on the property.
Two categories of owners
are administered by Fairmont Villa Management.
Original leases were sold on a fixed basis, for example, B435 refers to
unit B4 in week 35. Fixed lease owners
always check into the same villa on the same day of the week in accordance with
the week number stipulated in their lease.
The Mountainside Vacation Interval Schedule issued by Fairmont Villa
Management will pinpoint the exact date of check-in.
The leaseholder must confirm their check-in date with the management
company at least two weeks in advance of expected arrival.
Fairmont Villa Management conducts a commissionable rental programme on
behalf of fixed owners, based on a company rental agreement being signed.
Four groups of seasonal
floating owners exist. These owners
must pre-arrange their holiday time for each week owned.
Bookings may be made up to one year in advance on the first week day of
the week in the year preceding the sought after week of arrival. Prime Ski leaseholders are entitled to book the first
eleven weeks of the year. The
Prime Golf period extends from late March to mid-June, and then again from
early September to late October, excluding the Easter week. Golden owners are entitled to book Easter week, late
June through early September, and the final two weeks of the year.
The Leisure leases entitle owners to book space in November and
the first half of December. The
specific range of weeks owners are entitled will be detailed in the Vacation
Lease, or in an ancillary document referred to as the Buyer Protection
Agreement.
The
Mountainside Interval Vacation Schedule can be found at the main Web Site.
Once a floating week booking has been made a confirmation
letter will be issued. Holiday dates must be confirmed at least two weeks prior to
check-in. Booked weeks can be
deposited with Interval International, the vacation exchange company.
Guests or renters may be sent provided prior notification of the visiting
party’s name and address is provided by the week owner.
If arrangements are not made to book a week one month prior to the
opening of the season (Prime Ski, Prime Golf, Golden, or Leisure) in which the
lease is held, the unbooked weeks of time become available for public rental.
Provided maintenance fees are paid by the close of the relevant season a
rental pool share cheque will be issued one month after the close of the season.
Rental cheques almost never exceed the cost of a maintenance assessment,
and are often less than $100.
All villas are Non-smoking.
Please visit our search page to view
the listing of available leases.
Only indicate which leases you are seriously considering purchasing.
Blanket requests on all listed leases will not be processed.
