Right to use is exactly as it sounds—you purchase the right to use a type of unit that was decided by you, for a specific week that was chosen by you, for 55 years.
In principle, you need to rent your week yourself, if the company rents the week for you, you will pay a commission that is acceptable in the market. In any case, the company does not undertake to rent the week for you.
Maintenance fees are a 1 time payment per year, that payment includes Total yearly costs of the Resort minus expenses that are not related to ISLA members, plus 15% profit for the Management Company, divided by the total amount of weeks the Resort has.
For example, even after we buy an apartment and we pay for it, we still need to pay the costs such as: electricity, water, etc…
The maintenance fee is calculated every year which ensures that customers pay the direct expenses only, and of course it is supervised by an inspector in order to check that all costs of the Resort are according to a reasonable situation (relative to global average),and to ensure that there is a separation between management company and ISLA members payments, to confirm that costs which are not included are being deducted from total costs, and to confirm that only 15% is added as profit for the management company
Free cancellation in the first 14 days according to the law.
In principle, you need to sell your week yourself in the free market at the price you decide upon
You choose the type of unit you wish to have from the list of memberships: Friend, Elite or Legacy and the week that you wish to have. Once you are a member you only pay maintenance fee every year in order to keep the high level of the facility and the services.
YES. ISLA members have various options to utilize their rights such as: Rent it, give it to a friend or family to use, sell the rights, and the rights can be inherited. In addition to all that ISLA members can be members with RCI for worldwide travel exchange ,and Brown collection exchange.
The only additional fee that will occur is the overnight tax by the Greek government, which goes around 3 Eur per night of stay.
ISLA members have various options to utilize their rights such as: Rent it, give it to a friend or family to use, sell the rights, and the rights can be inherited. In addition to all that ISLA members can become members of RCI for worldwide travel exchange, and Brown collection exchange.
The management company is Brown Collection & the audit company will be one of the top 5 leading accounting firms worldwide.
Yes. never the less you have many options to be flexible with your unit.
Fee charge does not change depending on the week chosen, however there is a difference in the maintenance fees depending on the type of unit. Type A will pay 30% less than type B and type C.
If there are unsold units in stock and the company wants to sell, you can make a permanent upgrade at the price of that time.