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Commission contract
The value of your timeshare
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Commission contract
«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.
“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 module).
“Club Member” is an individual holding a club certificate. “Membership in the Club Recreation System (Club)” is the activities 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 management 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 organization 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 activities 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 management 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 organization 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.
«Expert conclusion» — document establishing circumstances concerning real estate belonging, being the membership’s subject in system of club vacation (timeshare), membership type, status of the owner of the certificate (document), which affirms membership in the system, of club vacation, set in the Regulation about carrying out of an independent expert appraisal of the certificate (document) confirming membership in system of club vacation (timeshare), approved by company XANTO TRADING LLP.
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