Maintenance Fees

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Are any of these payments yours?

These are some of the payments received we have not been able to reconcile to any apartment or owner.

IF ONE IS YOURS CONTACT RESORT IMMEDIATELY.

10.07.2006 Nationwide Swin TRANSFER 0618803631 528 EUROS
21.10.2006 CHAPS payment No. 062930143 258 EUROS
15.12.2006 Paid in Tenerife No. 2028931620 1987 EUROS
29.05 2007 Paid Netherlans Name DE HEER L.M. POURQUI NO. 2028930929 6007.48 EUROS
24.07.2007 NAME mme Ghislaine Colmont No. 0718404586 706.50 Euros
23.01.200 Name Mr K Perks, Rednal, paid in Bank of Scotland No. 670220006378. amount 542.00 Euros
26.01.2007 Name Jamlin Andree (Belgium) No. 0199387702606098 249 Euros

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MAINTENANCE FEES

The 2008 Maintenance fees are due on 1st January 2008. Any member who has not paid in full by 21st January 2008 will have a late payment fee of 20% added with no exceptions. Any member turning up to use their weeks will be refused their keys until they can produce proof of payment. They can pay at reception in Euros or with the new credit card facility they now have. You can phone, post, email or fax your card details and pay them that way. The 20% late fee will be charged if you arrive and pay after the end of January.

THIS WILL BE STRICTLY ENFORCED.

Over the past few years sterling cheques have still been received and the club looses 19% of fee in bank charges.

ALL FEES MUST BE PAID IN EUROS

If you pay in Sterling the bank charges will be requested when anyone arrives to occupy your weeks. Be it the Owner, an RCI exchange or your own rental guest. It will need to be paid before they can take up occupancy.

If you do not have a Euro account you can get your bank to issue a cheque drawn on your account in Euros or you can do an electronic transfer or by credit card and some debit cards now the reception has the facility. Contact resort to see if you can use your debit card. Whichever you use there are still fees arriving with no weeks or owners references. Make sure you include these details as well as your current address, phone number and email address if you have one. This way reception can reconcile payments easily.

PAYMENT BY CHEQUE

If you are sending a cheque in the post it must be in Euros. Please, please send a covering letter stating the week or weeks it is for and in which unit. With your current name and Address and phone number as well as any fax number you monitor and/or Email address you monitor regularly so Reception can reconcile the payment easily.

Many French German and Belgian owners will have their name and address already on their cheques but a covering letter would be appreciated.

PAYMENT BY ELECTRONIC TRANSFER

If you pay by electronic transfer you will be given a copy of the transfer form by your Bank/Building Society. Can you Fax or Email this form to the resort. Can you also please send a covering letter stating the week or weeks it is for and in which unit. With your current name and Address and phone number as well as any fax number you monitor and/or Email address you monitor regularly so Reception can reconcile the payment easily.

You MUST elect to pay both charges if you use this method or it will cost the club 19% of your fees, about 60 euros. The most it will cost you extra paying both charges is 11 euros if that.

The bank details for Puerto Colón Club are:

Bank account: 3076 0570 23 2028931620

Bank: Caja Rural

Address: Avda. Prolongación Gral. Franco,10- Los Cristianos- Arona-Tenerife

Cod.Iban: ES 10 3076 0570 23 2028931620

Cod. Bic/Swift: BCOEESMM 076

2008 Maintenance fees are :-

With inflation above 4% in Tenerife now the 2008 Maintenance fees have had to be increased by 5% just to keep up. This makes the fees for 2008 as :-

261 Euros for a Studio. 285 Euros for a 1 bedroom and 309 Euros for a Duplex.

As of 1st January 2008 the clubs deficit was just under 145.000 Euros. That is 145 Euros for each week. At present Puerto Colon SA have not charged us interest on this deficit but this may change soon so club must have a surplus over the next 4 years. With the current non payment of fees running at over 40,000Euros a year with non payments and weeks the club has taken back already but can not resell or let, future years fees are likely to see a double figure rise unless all fees are paid on time and in Euros.

With this in mind and in an effort to prevent it, as of 1st September 2006 the 20% late fee will be strictly enforced and RCI will be informed of defaulting owners and any exchanges already made will be revoked by RCI and the Club will refuse your own renters unless they pay normal rental rates.

Any defaulting owner who arrives to use their weeks will need to show proof of payment of all outstanding fees PLUS the 20% before they will be issued with their keys or they will have to pay reception in cash or credit card. Payment can be made at the reception or Port Office by credit card but a 2% fee will be added for credit card payments as the clearing companies take 2% anyway.

A defaulting owner is one who either neglects to pay their fees by 21st January or arrives to use their weeks and says they will pay then (Except January owners). All outstanding fees plus the 20% must be paid before they can occupy their unit. A January week owner who pays on arrival will not be charged the 20% for the current years payment.

The resort now has credit card facilities but the 2% taken by the clearing house will still have to be paid this way in order for club not to loose out. If everyone paid by credit card this would cost the club about 6,000Euros a year. We are striving to keep Maintenance Fee increases to a minimum and this figure could mean the club having another year in deficit instead of in profit and having double figure increases in Maintenance fees in future years.

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