OWNERS USE

A Shareholders Agreement and Use Agreement set the rights and responsibilities of owners, who will share such monthly costs as the management levy, cleaning, insurance, security, maintenance etc., in proportion to their ownership.

Occupation will be based each year on rotating separate weekly allocations, Wednesday to Tuesday. (A January – December calendar will be drawn up to fairly distribute public holidays’, and weeks allocated may be exchanged between owners by private arrangement).

Routine cleaning / maintenance will be arranged for Wednesdays, between 08h00 – 17h00, or as otherwise agreed between owners. Other staff / services arrangements required may be made and paid for individually.

It is proposed that owners agree that rentals will not be permitted; owners would accompany their guests and accept total responsibility for all their visitors.

Syndicated ownership of the Lodge is structured through the sales of shares and a share of the loan account of a registered (Pty) Ltd company.

Contributions to monthly running costs would be calculated according to each owner’s % shareholding, to be paid by debit order into the company bank account monthly in advance.

Kareefontein Development - Phase 3

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MABALINGWE NATURE RESERVE FRACTIONAL OWNERSHIP