Frequently Asked Questions
There is no time limit on your membership so you will own it either until you decide to sell or in the unlikely event that the majority of members decide to terminate the Club and sell all the properties. If this happens, all of the members will receive their share of the proceeds in accordance with the points that they hold.
Yes, although you accept full responsibility for any damage caused during their stay as if you were staying there yourself.
No, you are not allowed to rent commercially as the properties are intended for the sole use by members, their friends and families.
Every effort is made to keep costs to a minimum but increases are inevitable over time. However, with the unique HPC system, additional funds are regularly added to the Maintenance Fund from a variety of sources which help towards such running costs. Also, unlike timeshare, every cent spent is fully accounted for.
After a period of three years, the members have the right to change the management company if they are not satisfied with their performance.
We always know who is occupying a property at any given time and they are fully responsible during their stay. In the event of any loss, breakage or damage, the member will be held to account and made to pay for any repairs or replacement of items. However, we find that members look after the properties much better than rental clients do, so this very rarely happens.
At the outset, we retain 2% of the memberships, however we do not use the points as they are allocated for members use. This ensures that we remain totally committed to selling as we have an on-going financial interest which is a significant part of our remuneration. With this arrangement, it also allows us to keep our initial commission as low as possible which directly benefits the members.
There is no restriction on selling at any time which you can either do yourself or we can help you to do so. An admin fee would be charged to cover costs and also a commission if HPC sells on your behalf. In all cases, the new member has to agree to abide by the Club Rules as with all existing members.
Yes, you can exchange your membership from one location to another providing there is still availability at the new location. The full amount paid for your existing membership will be allowed with an adjustment made for any difference in price. For example, you may own initially in the Costa Blanca and then swap for Tenerife. No commission will be charged, however there will be an admin fee payable as indicated on the website at the time.
We are currently working on two options for borrowing up to 50% of the membership fee and this will be made available soon – please register for details by sending us an email and we will keep you informed.
There is no limit and additional points can be purchased at any time subject to availability in multiples of 50. You will receive a 5% discount as an existing member which also applies to buying a membership at other locations subject to owning at least 200 points at each.
Not initially, however this will be introduced when we have three locations covered with the exchanges made within the HPC framework.