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#346599 07/29/09 09:31 AM
Joined: Jul 2004
Posts: 203
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OP Offline
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Does anyone know if any of the units are separately owned? Or is the entire resort owned by one owner?

belizelaw #346746 07/30/09 04:54 PM
Joined: Oct 2000
Posts: 329
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Tom Offline
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Yes, I do know the answer to that question.
At the moment there are 4 units that are separately owned by idividuals but in the Agreement of Sale of these units we agreed to be a part of the rental pool and are given a percentage of the actual rentals. We are not allowed to rent them out except through the resort. How ever we are granted 8 weeks of occupation of our units. Some of us carry our own insurance on our units. I do not believe the resort is interested in selling any of the remaining units as they were not the original owners when the units were sold and I think they have some alternative plans for the property some where down the line.
The resort does have new General Managers that are just comming on board.
Tom/Kat
Unit#2-B


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