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Lugfoto 2  -  Dam en chalets-001

 

Sectional Title

Units can be bought with full title with a share in the common property.

 

Fractional ownership

  • In addition fractional ownership proved to be very popular in the development over the last decade.
  • A leisure property or holiday home is more affordable when shared. Through the fractional ownership model you can own a share from as little as R115 000. The units are fully furnished and registered in a company with 10 shareholders. Since 2007 1/10th title deeds where introduced. The 10% title deed is a marketable asset and can be traded freely on the open market.
  • Your investment secures you 5 weeks per year on a rotational basis according to a fixed roster. In other words you get one week every 10 weeks on an ongoing basis every year and over a period of time. Your weeks will fall in school holidays and over Christmas, Easter etc.
  • Every unit/chalet has a representative member on the Body Corporate which manages the reserve. The day to day management of the reserve is performed by a dedicated team who either live on the property or in the immediate vicinity.