Ownership

How Syndicates work

Owners can either invest in a four week or a two week slot. The member is entitled to a preferred week in each quarter of the year. Two week owners will be asked to choose weeks in 2 specific quarters in the one year and the alternate two in the following year – this way, you will be able to experience every season over a two year period. The syndicate secretary correlates and allocates the preferences of members annually. Ownership can be in the name of an individual, joint individuals, a company or a Trust.

Values have grown consistently over time and the syndicates are fully affiliated to RCI. Verlorenkloof is classed as one of the top Gold Crown resorts in South Africa.

The Legal Structure

The estate is unbonded and fully owned by the Share Block Company. Ownership is in perpetuity. The Shareholders elect a board of Directors who have appointed the Johnsons and their team as managing agents.

Costs are met by way of levies determined by the Directors, and include substantial annual provisions to a refurbishment reserve. Levies are expected to rise by the CPI and are benchmarked in the industry to represent excellent value.

There are no gazetted land claims or any material threat thereof over the property.

The Crofts are comprehensively insured and the company adheres to formal risk management and governance practices.

Security in the area is based on a foundation of a fully employed settled community, sound long standing relationships and active management by the community