Silver Fox Usage Program

The Resort Equities reservation system has been carefully designed to provide abundant and flexible use for the Owners of each residence as well as exchange opportunity benefits at other Resort Equities properties. The Reservations Policies and Procedures provide Owners the opportunity to use their residence as often as would a typical owner of a luxury vacation home. With a maximum of six to eight Owners per residence, each Owner is guaranteed many weeks of usage, affording each owner the ability to achieve the kinds of flexible use that luxury vacation homeowners enjoy. Last minute vacations, short weekend vacations and consecutive week vacations are all available.

Planned Vacations
Each Owner has the right to reserve, well in advance, Planned Vacations at their residence throughout the year. A Rotating Priority Number is assigned to each Owner prior to the confirmation of Planned Vacation requests. This number is used to confirm Planned Vacations when demand exceeds lodging supply for a given period. The Rotating Priority Number changes each year to equitably allocate Planned Vacations during high-demand periods over the years.

Space Available Vacations
After Planned Vacations are confirmed, there will be 12-18 weeks left open at the beginning of each year. These open weeks will provide flexibility for Owners to exchange any of their Planned Vacation weeks for any of the open weeks throughout the course of the year. Plus, Owners will be able to use the open weeks on a Space Available basis to augment their Planned Vacation time. Owners may request additional Space Available Vacations after they finish one.

Short Notice Vacations
For those last-minute vacation decisions, an Owner may make a Short Notice Vacation Reservation, subject to availability, seven days prior to the arrival date for that reservation, even if that Owner already has confirmed reservations for their allowable Planned Vacations and Space Available Vacations. The Manager will confirm Short Notice Vacation Requests on a first come, first served basis.

Exchange Opportunities
Owners will have the ability to exchange vacation weeks with other Owners of their residence as well as at other participating Resort Equities properties. Resort Equities is actively expanding its portfolio of luxury residences in popular resort destinations to add exchange opportunities.

Guests
An important element of luxury vacation home ownership is the ability to invite guests to accompany them on their vacations or send unaccompanied guests during their planned vacations. Owners at each residence enjoy the opportunity to invite accompanied and unaccompanied guests.

Housekeeping Charges
No matter how many times an Owner and guests stay at the Residence or other Resort Equities property, the only fees an Owner and guests are responsible for are the housekeeping fees at the end of each stay.


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Full Ownership Versus Fractional Ownership
The many benefits of owning a deeded fractional ownership interest versus full ownership make it the sensible way to enjoy a luxury asset such as a Resort Equities Residence.