GUINJATA RESORT
REAL TIMESHARE RIGHTS & RESIDENTIAL TOURISM
The new Mozambican law now regulates and allows
“Time-Share” in the broader sense.
Two options are available IMMEDIATELY:
OPTION 1 : REAL TIMESHARE RIGHTS
These rights confer a right to inhabit a property for 7 to 28 consecutive day period, each year.
This right is issued for a period of 50 years.
Being a “real” right, duly registered, it may be transferred, sold, inherited or encumbered.
If the establishment is sold, the right will not terminate, and will be enforceable against the new owner.
This right, if not used by the holder, may be rented out with you sharing in the rental income pool.
Annual levies will apply ( ± ZAR 2,900-00 / 7 day's).
Cost per 7 day Real Timeshare Right:
4 Bedroomed Chalet From : ZAR 68,000-00 / week
Terms can be arranged - financing available!
Note : a) These rights are available in existing chalets, thus available
immediately.
b) All chalets in process of being upgraded to 4-star standard.
OPTION 2 : RESIDENTIAL TOURISM
This right allows the purchase or use over houses in a tourism establishment.
Shares are purchased in a company created for this purpose and will be valid for more than 90 years.
Shares may be sold, transferred, inherited or encumbered.
The houses may be rented out when not occupied by the shareholders.
The split of rental income and annual levies will be done by negotiation and mutual agreement.
Cost
Cost of shares per block
100% : ZAR 5 million
10% : ZAR 550,000-00 / unit
Terms can be arranged - financing available!
If a holder ever needs to sell or transfer residential tourism or real timeshare rights, there are several options:
a) The sale of rights can be handled independently between the holder and the purchaser.
b) A licensed timeshare broker can manage negotiations and draw up paperwork necessary to the sales transaction.
c) A specialized timeshare company can handle those portions of the transaction with which the holder is unfamiliar.
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