FREQUENTLY ASKED QUESTIONS
TIMESHARE IN A NUTSHELL Shared timeshare vacation ownership takes the hassle out of second home ownership. You are purchasing  future holidays at today’s prices and for just the period of time you need.  Make a ONE-TIME PURCHASE of furnished resort accommodation at a fraction of whole ownership costs  and pay an annual levy, which is used to cover the costs of running the resort, including daily management,  maintenance and improvements.  ANNUAL LEVY:  All holiday resorts whether they be timeshare or not are faced with exactly the same  running costs – for example, rates, taxes, staff wages, maintenance, linen, cutlery, and so the list goes  on. Therefore, if a timeshare resorts increases its levies so do the standard holiday resorts in the way of  daily tariff charges. The difference is that timeshare owners have a direct control over the setting of the  levies through the annual general meeting held by the owners of all the other timeshare modules (see below)  which is paid to the Management Association – a non-profit body made up of all the owners of the resort.  Standard holiday resorts are governed by themselves and can charge what they feel justified in doing and  they naturally make a profit from their tariff charges. IT IS CHEAPER TO PAY A TIMESHARE LEVY  THAN TO PAY THE USUAL HOLIDAY RATES CHARGED BY STANDARD HOLIDAY RESORTS.  Each residential unit is divided into periods (time modules) usually weeks that are sold separately.  A shared timeshare vacation ownership interest is therefore the exclusive use of accommodation in property  for a determined or determinable recurrent period of time (time modules) annually. Shared vacation units  are priced according to the size of the unit, the amenities provided by the resort, the location of the  resort and the season in which the week is sold. For example, in-season weeks will cost more than out of  season weeks. HOW EXCHANGES WORK IN A NUTSHELL You purchase a unit in a timeshare resort for a specific week and join an exchange company.  You will be allocated a number of Points according to the criteria of timeshare you own.  The criteria used  is as follows (this a rough guide but it is pretty accurate and will give you a good idea of how the  exchanges work:-  The size of your timeshare module has a bearing, be it a one bedroom, two-bedroom or three bedroom  unit. The time of the year is also a factor, for example a School holiday period will attract more Points  than an out-of-season timeshare module.  Therefore, if you own in a two bedroomed Gold Crown resort in a school holiday you will receive more RCI  Points than you will if you owned in a two-bedroomed Lifestyle resort in a school holiday period. RCI issue  you with a Points list of the resorts in their exchange portfolio so that you can select the holiday you  want.  Timeshare holiday units are priced according to the size of the unit, the amenities provided by the resort,  the location of the resort and the season in which the week is sold. For example, in-season weeks will cost  more than out of season weeks.  The exchange works like a banking account … the number of Points that you deposit into the “Spacebank” is  the number of Points you can withdraw to go to another resort at another time. Peak holiday Periods can  ONLY be exchanged into Peak holiday periods at another resort. You cannot own an out-of-season week and  expect to go into a Peak period no matter how many Points you have or have accumulated.    If, for example, you have 3000 RCI Points and you choose a time and resort that has 2500 Points you will  have 500 Points left over in your Spacebank. If you do not use your Points for the first year you can  accumulate your Points and have double the amount for the next year. You can only accumulate up to three  years of Points and the Points must be used with three years from the time you Spacebanked the.  Exchange companies will give you access to exchanges into any of their more than 4 000 resorts in over 100  countries around the world as well as to over 170 resorts in Southern Africa.  Holiday ownership gives you the opportunity to fix your future holiday costs at today’s prices.  Exchange company Points must not be confused with other commercial Points Clubs.  What the symbols mean.  You will see the following symbols on each resort’s page.  RCI's top award for premium resorts recognised for delivery of consistent quality, year after  year. These resorts are highly rated and carry the most exchange Points  Silver Crown This designation recognises resorts which provide superior holiday experiences. These resorts are  among the best and come a close second to the Gold Crown resorts.  RCI Lifestyle Resorts All those affiliated resorts which do not achieve Gold Crown or Silver Crown are designated as Lifestyle  resorts.These resorts are the good old-fashioned family style resorts and the majority of them have  self-catering facilities. EXCHANGE TO HAWAII, MEXICO, FLORIDA THE WORLD IS YOUR OYSTER More than 4 000 resorts in over 100 countries around the world as well as to over 170 resorts in Southern Africa. Contact Details: PO Box 6235 Westgate 1734, Republic of South Africa. Phone +27 011 760 1120. email ron@fairfields.co.za IF YOU WANT TO RECEIVE OUR REGULAR SPECIALS & OUR NEWSLETTER PLEASE SEND US YOU DETAILS IN THE CONTACT FORM HERE OR ABOVE
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42: drakensbergsun.htm
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48: silversands.htm
49: gardenroute.htm
50: beaconisle.htm
51: pernapernamosselbay.htm
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53: thebreakers.htm
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55: laluciasands.htm
56: chakasrock.htm
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60: umhlangacabanas.htm
61: wildernessdunes.htm
62: farnorthcoast.htm
63: sodwanabaylodge.htm
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65: larochelle.htm
66: lakeviewcabanas.htm
67: holeinthewall.htm
68: stmichaelssands.htm
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70: the peninsula.htm
71: bantrybay.htm
72: portowenmarina.htm
73: thestrandpavilion.htm
74: krugerparkmpumalanga.htm
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76: krugerparklodge.htm
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83: frequentlyasked questions.htm