MEMBERSHIP CATEGORY SYSTEM
TVGC offers various categories of memberships including:
Platinum Membership
These member may book in the 4 (four) peak weeks of every year. These weeks falls in the Easter week, the week preceding Christmas, Christmas week and New Year’s week. Platinum Members may also book three Silver weeks or one Gold week and one Silver week provided they pay additional exchange fees after the first free exchange. Platinum members may not split the gold week. The first booking / reservation fee is free every year and an exchange fee is payable for all subsequent bookings/reservations and if not used member has to pay it the next year.
Gold Membership
These members may book in peak holiday weeks, especially during school holidays, long weekends and event weekends, excluding the weeks or period allocated to Platinum memberships. The Member can book two Silver weeks provided they pay additional exchange fees after the first free exchange. Gold memberships or time modules cannot be combined to exchange into time modules linked to Platinum periods.
Silver Membership
These members are only entitled to book off peak weeks. It excludes all occupational rights that falls within those allocated to Platinum and Gold memberships as well as any long weekends and special events. Silver Members can split between mid and weekend provided they pay additional exchange fees after the first free exchange. Silver memberships or time modules cannot be combined to exchange into time modules linked to Gold or Platinum periods.
Exclusive Use Membership
These members are allowed to occupy a specific time module in a specific unit in a specific resort every year for the duration of the membership. Exclusive Use Members are allowed to space bank and exchange their week with the club with a matching season and size at an exchange fee.
Exclusive Use “Odd and Even Memberships”
This member is entitled to use this membership in the odd years only (being years ending on odd numbers i.e. 2009, 2011, 2013, etc.) or in the even years (being years ending on even numbers i.e. 2010, 2012, 2014, etc.).
Fractional Ownership Memberships
The member of this category will be entitled to occupy several weeks in a specific unit in a specific resort every year based on a fractional ownership calendar for the duration of the members’ membership. The member will incur an utilisation fee when using the fractional weeks. The Member is allowed to space bank and or exchange certain weeks subject to paying exchange fees.
SUBSCRIPTION, CLUB FEES AND ALL OTHER FEES
- Subscription Fees shall be payable annually before commencement of the use yearor three months prior to occupation or when space banking, whichever comes first. The Subscription Fee shall be applied towards the payment of administration fees, affiliation fees, rental, resort services, usage or levies charged for the time module and as more fully described under its definition.
- Members who are in default with their Capital and or Subscriptions, or any applicable Club or membership fees will forfeit any free exchange fee for the use year and their rights to occupation will automatically be space banked.
- The Trustees may from time to time declare an additional special Club Fee payable and in that event the said special Club Fee shall be payable within Thirty (30) days of notification thereof. The Trustees shall only declare a Special Club Fee to cover unexpected or unforeseen additional costs not budgeted for, or anticipate.