If I join the Rental Programme, how many days per year can I use the villa?

Your villa is yours to enjoy, therefore, our Rental Programme is tailored to your desires. As an owner, you may use your villa for as little or as much time as you like, whether that be 1 week or 11 months. When you are not in residence, you may elect to place your villa in the Rental Programme. Upon enrollment, we will ask you to provide us with a schedule of when you’d like your villa to be included in our inventory over the next calendar year. As mentioned above in Section 4.3, if you change your mind, you may terminate with 6 months prior written notice, and your agreement to honor any previously made bookings.

What if I want to join the Rental Programme, but I don’t want my master bedroom to be rented out to guests?

That’s no problem. You may choose not to include your master bedroom and/or any of the other bedrooms in the Rental Programme inventory. We will enroll only the bedrooms you make available. Do keep in mind, however, that you would still be required to purchase the furniture package for the entire villa in order to be included in the programme.

How do I make a reservation? Must I do so in advance?

Upon enrollment in the Rental Programme, we will ask you to provide us with a schedule of when you’d like your villa included in our inventory over the calendar year. Therefore, you are free to use your villa at any other time. We ask that you call or e-mail us, however, to let us know exactly when to expect you so that we can have your villa ready.

Should you wish to visit at a time when your villa is included in our inventory, we will do our utmost to honor your request on a space available basis.

Will I be able to stay at the villa I purchased every time I stay at the resort?

Yes, you will be housed in the villa you purchased so long as you are visiting as expected, and not outside your inventory schedule. If you choose to visit at any other time, then Villa Bella will use its best efforts to ensure that you are lodged in your villa as explained in Section 5.3 above.

If I place my villa in the Rental Pool, how is the revenue from my villa rental split between Villa Bella and me?

Villa Bella will place 16% of Room Revenue into a Reserve Fund which will cover the expenses associated with the maintenance of villa furniture, fixtures and equipment, and those expenses associated with the rental of your villa like housekeeping, laundry and the daily room amenities provided to villa guests. The remaining 84% of Room Revenue will be allocated between you and Villa Bella as follows:

Until 6% yield	You receive 80% of Room Revenue, and Villa Bella receives 20% of Room Revenue
Above 6% yield	You will receive 40% of Room Revenue and Villa Bella will receive 60% of Room Revenue