Bulletin Board
For Your Records
TaraNova has home-based vacation properties. TaraNova management, together with your elected board, assess property use and maintains those resorts that best suit the demands of our member base with the view to keeping maintenance fees as low as possible while offering properties that are requested by our members; provide rental income; and/or offer trade value in RCI and AP.
Important Information – Did you Know? & Don’t Forget!
1) DUES: Maintenance Fees are invoiced in US dollars. Please see invoice for all info and payment details. Yearly maintenance fee invoices are deemed to be mailed on or Oct 31st of each year for the upcoming year. Payment must be made on or before December 1st of each year for the upcoming year, unless otherwise stated on Invoice. If your maintenance fee invoice is not received by Nov 15 each year, please contact the Club. Late payments will result in late charges, interest & breach penalties. Reservation & Banking Requests are not accepted with postdated payments. See Important Payment Information below. In the event of a Mail Strike, invoices will be deemed as sent by e-mail. It is the members’ responsibility to ensure that Maintenance Fees are received by the Club on or before December 1st. Please make arrangements to pay your Maintenance Fees on time in order to avoid late fees and interest. Please always be sure to include your full name and membership number on all payments.
2) BIENNIAL AND PREPAID WEEKS: You must pay the total amount of current dues established by the Club for the year applicable to the week utilized. For future years use, you must pay the dues at the current rate, and you will be invoiced the difference when the dues are set for such future years. The balance owing for prepaid amounts must be paid immediately upon notification of any increase, or reservation and/or banking will be cancelled.
3) COMMUNICATION: All communication must be received by the Club in writing including full name & membership number. Member is responsible to contact the club to confirm receipt. Send updated contact information to RCI & AP directly.
4) CANCELLATION OF RESERVATION: You may cancel your confirmed TaraNova reservation up to 60 days prior to commencement date. Written notice of cancellation is the only form that will be accepted. A Fee is assessed for each cancellation and/or change. Also see #9 for CAP.
5) TARANOVA GUEST CERTIFICATE: Guest certificates must be purchased for guests other than the member(s), using the resort. The designated guest must be over 21 yrs. Only members and holders of a Guest Certificate will be entitled to check into the resorts. Resorts may require photo proof of identity. The resort has the right to refuse entry into the unit if proper forms and identification are not presented.
6) CLUB GOVERNANCE: Your Club is governed by an elected Board of Governors that oversees the financial state of the Club. Your unique Vacation Club protects the members by having properties held in trust for the benefit of the members by companies controlled by your elected board. The Board’s mandate is to ensure excellence from all facets, and to be accountable to all Members for any and all decisions that may affect the well-being of the Club. To keep maintenance fees as low as possible, and offer valued properties, TaraNova Management assesses the property use and maintains those resorts that best suit the demands of our member base. Any member in good standing may seek election to the board.
7) JOINT MEMBERSHIP: In the event of a death, the survivor becomes the sole owner. To leave your portion to someone else other than your joint owner, you must do something during your lifetime or in your Will. Unless advised in writing, joint membership rights may be exercised by either member. In the event of death of the last remaining joint owner, the membership shall be the responsibility of the deceased Estate. The executor of the estate will be responsible for the membership until such time as a new owner is appointed by the Administrator of the Estate. Or by any such person nominated to oversee the estate if the deceased member died “Intestate”. Any new member must be approved by the club to ensure they will be able to abide by the rights and obligations of the membership.
8) CAP Cancellation Administration Package: Payment for the Package if available must be made at time of the TaraNova reservation. CAP may be discontinued at any time. The CAP is available only for some designated TaraNova based resort reservations and is not available for second booking of a cancelled reservation. The CAP does not cover any insurance with respect to any other aspect of your vacation. We recommend members ensure to have adequate insurance for: travel; health; trip interruption; car; air and other transportation; theft; and any and all other insurance as may be necessary during your vacation. CAP is not available for AP or RCI weeks.
9) UTILIZATION OF WEEK(S): Weeks must be used in the year of entitlement at TaraNova or banked with RCI or any other exchange program the member may utilize. Weeks not used through proper procedures could be lost. Dues must be paid for the week/year you are requesting to use. Weeks are subject to availability, given on a first come first serve basis*. You may prepay dues to reserve weeks in the future based on the reservation procedures at each of TaraNova, AP and RCI. All requests must be sent to the Club in writing. (*Club reserves the right to limit member use during specific holiday weeks such as Xmas, New Years, Spring Break, & Summer Holidays and multiple member requests to ensure that all members have the same right of access to high priority weeks at each resort. No specific unit is guaranteed.) You may reserve your TaraNova resort up to one year in advance of your check-in date (subject to availability). Resort availability may be limited due to restrictions that may be amended from time to time. There are NO BANKING facilities at TaraNova. TaraNova may offer the ability to hold-over weeks for a fee, from time-to-time, based on the next year availability. (This may be discontinued at any time without notice.) Hold over weeks are on a restricted use policy. Your membership is for a 2-bedroom TaraNova unit, floating week, floating resort.
a) RCI: You may request to bank with RCI up to 2yrs in advance on a first come first serve. Last day to bank for any current year is November 15. Contact RCI directly to verify receipt of banked week.
b) AP: Once you have determined if you want to deposit for credit, the deposit cannot be reversed or switched. Advise Advantage Program directly of any change in contact information and name changes. Amount of Credit each year to be determined by AP List Credit Program. Hold requests cannot be put on for the same week a 2nd time with AP. Only “live” future inventory may be used for AP. If your membership is not renewed or it is cancelled, all CREDITS, could be withdrawen and all your rights pertaining to the Advantage membership will be forfeited.
Always check the details of the resort you wish to confirm:
- Are there are any additional fees to be paid at the Resort. Different resorts may have: Utility Fees, Maid Service, Linen charges, Entertainment Fees and other additional fees.
- If the resort is “Mandatory All Inclusive”, please check the price and what is included and excluded from the all-inclusive Package/Price.
10) TRANSFER OF MEMBERSHIP: If you wish to sell, transfer or amend your membership, contact the club for all forms and current fees. Memberships must be transferred into the name of a person, not a business or other entity. All amounts outstanding to TaraNova including but not limited to dues, late fees, breaches, contract payments and any other amounts, must be paid in full prior to approval of Club. Check with TaraNova before signing with ANY resale or transfer company.
11) EVENT of FORCE MAJEURE: The Club is not responsible for units that are uninhabitable due to “Event of Force Majeure” as per the recently changed (for clarification) Section 3.04 of the Rights & Obligations. The term “Event of Force Majeure” shall mean:
- an act of God or public enemy, fire, explosion, perils of the sea, lightning, earthquake, storm, flood, declared or undeclared war, revolution, insurrection, riot, act of piracy, act or threatened act of terrorism, sabotage, blockade, embargo, accident, epidemic, or quarantine.
- an action by a governmental authority which prevents or delays performance of our obligations hereunder; or
- a strike, lockout or other labour unrest resulting from any cause whether the demands of the employees involved are reasonable or within our power to concede.
12) AFTER CHECK IN: After you have checked in to your unit, if you have any concerns, questions or problems, immediately contact the front desk so they may assist you. If you have any recommendations, please send them to us as we appreciate your feedback
Maintenance Fee Information
Important: Payment Information
Our credit card merchant may only be used for Canadian currency payments. The TaraNova rate of exchange can be higher than the bank rate. Please contact club@taranova.com before you send in your credit card information or your Canadian cheque to pay your account. TaraNova will advise you of the Canadian amount that will be charged on your credit card. Please read the back of your invoice for payment details.
We offer the ability to pay in Canadian funds on credit card, e-transfer, bank draft, cheque, or money order, as a convenience only and this ability may be discontinued at any time without notice. The TaraNova rate of exchange is higher than the bank rate.
Important: Additional Information
TaraNova understands that some of its members may wish to Transfer or Sell their membership. Family dynamics change! There may no longer be little ones to take on vacation; some of our members are reaching an age when they want to stay home; they may have lost loved ones; financial constraints; and there are many other different personal reasons. As TaraNova upholds its commitment to provide inventory for each entitled member, the membership base must uphold its commitment to pay their share of maintenance fees every year. TaraNova’s ownership or lease of properties requires it to maintain the properties, whether the are fully used by the members.
To ensure that the maintenance fees are continued to be paid, TaraNova does not allow corporations to take over a membership.
If you are considering a Resale or Transfer Company, please do not advance any funds to them upfront. If you wish to trade in your TaraNova unit at a different resort, please remember that you cannot transfer the membership into a company name AND the new member must be approved by the Club. Therefore, the trade-in most likely will not be valid and you may be responsible for the amount the new company gave you as trade-in value and you will still be responsible for maintenance fees. Until TaraNova approves any new member, the membership will remain yours and you will continue to have all the benefits and obligations pertaining to the membership. Our “TaraNova” transfer papers must be duly executed and approved by TaraNova before a transfer may occur. Transfer fees must be paid, and prepaid maintenance fees are required. Even if you pay upfront to a resale company and sign a third-party transfer or purchase agreement, you will still be required to pay your continuing obligations to the Club until it has approved the transaction. Some Resale/Transfer companies may find you a transferee that will not or cannot pay the on-going maintenance fees. Several Resale/Transfer companies close once they have received your funds, and many just reopen under another name. If you need any assistance in this matter, please contact TaraNova at club@taranova.com
Warning
We have informed you before but feel it necessary to advise you again of the following alert!
Alert – Alert – Resale Companies
Does this sound familiar? You were contacted by a company stating they had a signed offer to buy your membership but that you would just have to send in a retainer and transfer fee. Or, you were contacted inviting you to attend a meeting because they can guarantee to transfer your membership to a resale company for a fee.
Be aware. Check with TaraNova
RCI sent out an advisory that stated:
“These third-party entities may offer to assist in the sale or rental of owners’ timeshare interests for an upfront fee, or they may invite an owner to attend an informational dinner to discuss updates to RCI exchange programs”. “RCI also has been informed that certain resale service providers are offering to sell an owner’s timeshare (including RCI members) and thereby relieve the owner of her or his ongoing maintenance fee obligations, in exchange for upfront fees and execution of a power of attorney to sell the owner’s timeshare. Owners receiving such offers may wish to consult with an attorney and/or their resort to confirm that a transfer of ownership and the corresponding maintenance fee obligation will occur as represented and any resulting sale or rental will be honored.”
Please follow RCI’s advice and contact TaraNova before you attend or sign ANY paperwork. In order to protect our member base, TaraNova transfer papers MUST be fully executed. TaraNova must approve all sales and/or transfers.
If you are planning on Purchasing, Selling, Transferring, or using a Resale/Transfer Agent, please contact the club directly at club@taranova.com