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Bluezone Fractions
Frequently Asked Questions
Furnishing and replacement thereof
We make provision for the replacement of linen and furnishing in the levies payable by each of the shareholders. Furnishing is usually replaced as deemed fit.
How does management work?
Management services include inspection of the inventory list after each and every shareholder's visit, domestic services, maintenance, accounting and auditing, attendance of the Estate AGM on behalf of the shareholders, and updating shareholders on general aspects of the property.
Is the property insured?
Yes, monthly fees cover all normal insurance items. Breakages as a result
of Negligence is typically replaced and reclaimed from the shareholder
responsible for such damage.
Is there a cost on usage, even if you don't use it yourself?
Yes, all household costs are determined beforehand, irrespective of use.
This is in the budget, and you are obliged to contribute your percentage
thereof.
Can the property be rented out?
You can rent out your unit yourself or through the management company.
Rental income derived is usually accrued to the owners account for the
week rented out. If you rent your property during a prime week you can
often cover many of your annual operating expenses. When a week is rented
out by a shareholder, full responsibility for breakages is taken by that
shareholder.
What do we charge to rent?
The cost to book and administer the letting of the property is 30% of
your rental income when our services are required.
How does housekeeping work?
The housekeeping is taken care of by our management company. They see to the cleaning, maintenance and general housekeeping of the unit.
This ensures that the residence is in an immaculate state.
The management company cleans the property for all the owners. Anyone
who stays at the property is required to use the house-keeping service
so that everyone is assured a clean property when they arrive.
What do I get?
You receive a % share in a leisure property and appreciating asset, together with:
- A property in an exclusive holiday destination.
- A property which increases in value more than the average residential property.
- A real right in the property and the control thereof.
- A right to use to property as per the usage roster.
- A fully tradable right and share certificate.
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