The NEW "FLOAT WEEKS"
Here's how the
FLOATING WEEKS at
SANDCASTLE work!
You have a deeded week to Sandcastle. Probably long ago paid in full. :whoopie:
Now you can PAY them to TAKE your DEED :ignore: and give you a Timeshare License instead. So far the payment have been about $3000 to $9000 range. Or they'll finance that for you.
Some examples of recent recorded transactions:
Intervals 26-35: Summer float -
$5900 ND; Summer float -
$3290 ND; Summer studio -
$8900;
Intervals 21-25 and 36-41: Prime Float - Studio -
$6295; Prime Float Studio -
$6900; Prime Float Studio -
$6900; Prime Float Suite -
$3295*
Now until you sign here, on the dotted line, today and today only at this special offer price, YOU OWNED a deeded week FREE and CLEAR :whoopie:
ND = no designated on document;
*It is interesting to note that the Prime Suite cost less than the Prime Studio which doesn't make sense unless they are trying to get suite inventory.
By definition in the Mass General Laws - Chapter 183B Timeshare:
“Time-share license”, a right to the occupancy of a unit or any of several units during five or more separated time periods not coupled with a freehold estate or an estate for years."
Time-share estate. "Time-share estate" means any interest in a unit or any of several units under which the exclusive right of use, possession or occupancy of the unit circulates among the various time-share owners in the unit in accordance with a fixed time schedule on a periodically recurring basis for periods of or a specified portion thereof.
Freehold Estate: A freehold estate is an estate in which ownership is for an undefined length of time.
These are the categories:
Prime Float weeks = 21-25 and 36 -41
Summer Float weeks = Intervals 26 -35
Getaway Floating weeks = 9-20 and 42-48
And you can use your float week by making a Reservation, just follow these rules:
Reservations not more than 18 months or less than 7 days in advance of the requested period.
No accrual or carryover from the previous year.
No reservation can be made until all maintenance fees etc are paid up.
Bonus use: units not reserved 7 days in advance and deemed available, may be reserved 6 days (or less) in advance as a "Bonus" week by Getaway and Prime Float owners with a 'per diem' charge. I believe you can reserve these on a daily or weekly basis. No more than a total of seven bonus days may be reserved by any float week owner.
If you don't make a reservation, don't ASSUME
you'll get your week. It's in the pool as far as I can tell. So call quick or you'll get week 9 and be at the beach in early February, if you can get there through the snow.
ANNUAL FEES are DIFFERENT:
These are the 2010 figures listed in the document. They don't appear to by unit size but
by season. You'll notice that a summer studio is $550 while current studios are $354, and summer suites are $750 while current suites pay $512 in maintenance fees, and weeks owners pay their maintenance fees according to the square footage and common areas as described in the Master Deeds and Trusts.
Studios: Getaway week = $250
Studios: Prime Float = $350
Studio Summer Float =
$550
not $354
Suite: Getaway Float = $350
Suite: Prime Float =
$550 not $512
Suite: Summer =
$750
not $512
You no longer own your week. You no longer have a deed. Your Timeshare License will
expire in 2059. Your grandkids won't have to worry about inheriting it.
Or you/they can rebuy it at a new price
, to be determined much later I'm sure.
Details can be found at the Barnstable Registry of Deeds. Search for this Document:
NEW ENGLAND VACATION SERVICES LLC (AS TR)
Declaration Of Trust
10-13-2010
BK-pg: 24904-224
Pages in document: 17
To see recent sales type in: SANDCASTLE INTERVAL OWNERSHIP TRUST
