Hunters Pride Key Facts

 
Identity,place of residence and legal status of the trader which will be party to the contract:
 
Clifton Dunes Investments 162 (Pty) Ltd , Reg No 2004/014751/07 , with registered address C/o Jan Erasmus Auditors, 356 Rosemary Street, Lynnwood, Gauteng, South Africa.
 
 
 
Description of the product:
 
Shares in Hunters Pride Share Block 140 Ltd, Reg No 2008/020590/06, representing 1/50 of the issued share capital, which provide the right of use of Unit 40 Hunters Pride Sectional Title Scheme.
 
 
 
Exact nature and content of the rights:
 
Right to use the lodge for 1 flexible week each year, such use to include the right to rent out the weeks or exchange them. Rights to attend and vote at an annual meeting, to receive dividends if any and to receive the annual Report and Accounts.
 
 
 
Exact period within which the right may be exercised and, if necessary, its duration:
 
The right of usage is defined in the Roster and the Use Agreement and comprises a flexible week annually in perpetuity. Flexible weeks must be booked in advance as per the Use Agreement.
 
 
 
Date on which the consumer may start to exercise the contractual rights:
 
Usage rights commence as soon as the Agreement of Sale has been signed and payment of the purchase price has been made.
 
 
 
Price to be paid by the consumer for acquiring the rights(s), including any recurring costs the consumer can expect to incur resulting from the right to obtain access to the accommodation, travel and any related products or services as specified:
 
A consideration of R81,500 for the shares, and R3,200 annually in advance in respect of levies for the first year of ownership. Thereafter levies will be determined by reference to current annual expenses at the annual general meeting.
 
 
 
 
 
 
Outline of additional obligatory costs imposed under the contract; type of costs and indication of amounts (eg annual membership fees):
 
R3,200 per annum in respect of levies for the first year of ownership. Thereafter levies will be determined by reference to current annual expenses at the annual general meeting.
 
 
 
A summary of key services available to the consumer (eg discounted hotel stays and flights):
 
The property will be insured, maintained and managed by the managing agent, who is appointed at the Annual General Meeting.
 
 
 
Has Clifton Dunes Investments 162 (Pty) Ltd signed a code/codes of conduct and, if yes, where can it/they be found:
 
Clifton Dunes Investments 162 (Pty) Ltd has applied to become a member of the Vacation Ownership Association of South Africa (VOASA), such membership is pending.