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Agreement (report) of intentions
The value of your timeshare
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Agreement (report) of intentions
«Certificate» — the basic document confirming membership in the system of club vacation (timeshare) and its characteristics.
«Exchange system» — the organization giving a single exchange of membership in system of club vacation (timeshare) between various members of systems of club vacation (timeshare), incorporated (being a part) of united exchange system. Exchange Systems are subdivided into RCI и II.
“Recreation Club” (club, club recreation system) is an organization created to provide club recreation for its members.
“Club Recreation” is a recreation system that provides, pursuant to Clause 2 of Article 216 of the Civil Code of the Russian Federation, the proprietary right to use the accommodation facilities belonging to the club on terms and conditions that are determined by the club.
“Club Recreation” is a recreation system that provides, pursuant to Clause 2 of Article 216 of the Civil Code of the Russian Federation, the proprietary right to use the accommodation facilities belonging to the club on terms and conditions that are determined by the club.
“Timeshare” is a Club Recreation in the divided time mode in the club or an accommodation facility included in its catalog for a certain period of time (interval), at a certain time of each year (weekly mod-ule).
“Club Member” is an individual holding a club certificate.
“Membership in the Club Recreation System (Club)” is the activi-ties of a Club Member, aimed at achieving professional and business goals and obtaining income from the Club Recreation in the country (place) of temporary residence.
The fact of membership in the club recreation system (timeshare) is a valuable certificate issued by the club's administration or a trust man-agement company with appropriate powers.
Any other document proving the fact of full payment of membership in the club recreation system (for example, a registered plastic card, purchase agreement, or other form of establishment by an organiza-tion that gives the right to hold membership in the system) is the basis for membership in the Club Recreation System (timeshare).
“Club Member” is an individual holding a club certificate.
“Membership in the Club Recreation System (Club)” is the activi-ties of a Club Member, aimed at achieving professional and business goals and obtaining income from the Club Recreation in the country (place) of temporary residence.
The fact of membership in the club recreation system (timeshare) is a valuable certificate issued by the club's administration or a trust man-agement company with appropriate powers.
Any other document proving the fact of full payment of membership in the club recreation system (for example, a registered plastic card, purchase agreement, or other form of establishment by an organiza-tion that gives the right to hold membership in the system) is the basis for membership in the Club Recreation System (timeshare).
«Club Regulation» — rules regulating a legal status of members and club administration giving membership in system of club vacation (timeshare), membership conditions, payments procedure, system participants responsibility.
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