BOUTIQUE VACATION RESIDENCES St Barth – French West Indies
Saint-Barth, the true jewel of the Caribbean is the promise of a relaxing vacation in a simple but sophisticated atmosphere with the astonishing beauty of the FRENCH West Indies.
Enjoy the chic French elegance in an island that keeps its original charm. We guarantee that you will fall in love for life.
Q. WHAT IS REVE DE ST BARTH?
A: Rêve the St Barth is a Boutique Vacation Residence Community consisting of 8 luxury villas located in Flamands, just a few minutes from the beach.
Q. HOW IS THE OWNERSHIP STRUCTURED?
A: Each Villa is owned by a USA based entity consisting of 13 shareowners. Each share-owner has a 1/13 interest in the entity that holds title of one specific Villa.
Q. HOW IS THE VILLA USED?
A: The 13 owners of each Villa will decide how their villa will be used. Additionally each Villa is invited to participate in the OWNER’S USAGE PROGRAM (OUP) independently offered and operated by the Management Company and will be subject to the rules and regulations of such program.
Q. WHAT DOES THE OUP PROGRAM ENTITLE ME TO?
A: The OUP organizes and coordinates the 13 share-owners use of their villa for a period of 4 weeks per year, as per the Occupancy Calendar.
Q. WHAT IS THE OCCUPANCY CALENDAR?
A: Villa owners that choose to participate in our OUP will have an occupancy calendar that assigns 4 weeks use to the owner over the course of each year (2 weeks in Platinum Season and 2 weeks in Gold Season) using a Rotating Priority System. Each participating shareowner will be assigned an Initial Priority Number (1 to 13), that will move up one position every year. The Initial Priority Number entitles shareowners to chose his weeks of use in that specific order every year.
Q. UNDER THE OUP, WHAT CAN I DO WITH MY WEEKS IF I DON’T WANT TO USE THEM?
A: The OUP allows you to invite friends or family, exchange the dates of use with other owners and rent your weeks individually or through the Management Rental Program.
Q. WHAT IS THE MANAGEMENT RENTAL PROGRAM?
A: This program is administered by the Management Association and provides the marketing, maintenance and transaction management associated with the rental of your property.
Q. WHAT IS THE PRICE OF EACH SHARE?
A: The Price of each share is €250,000, plus closing cost of approximately 3%.
Q. WHAT ARE THE ANNUAL COSTS FOR EACH SHARE-OWNER UNDER THE OUP?
A: The initial estimated annual costs for each share-owner is € 2,000 per quarter. This cost will be adjusted (+/-) after the first 6 months expense report has been completed.
Q. WHAT SERVICES ARE INCLUDED IN THE OUP ANNUAL COSTS?
A: The OUP annual. costs include:
• Property Maintenance (heated pool, gardens, common areas, etc.)
• Utilities and Insurance
• In-House Services (Concierge, villa conditioning on arrival/ departure and on-site Superintendent)
• Management Fees
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