Residence Club FAQs
What is The Residence Club at Carlton Landing?
The Residence Club at Carlton Landing is an equity residence club™ providing owners with shared ownership of charming, fully furnished lakeside residences within the Carlton Landing resort community. Owners lodge in meticulously appointed residences and have Boat Club and Lake House privileges. The Club staff ensures worry-free ownership and hassle-free vacations.
What are the advantages of Residence Club ownership?
Residence clubs combine the benefits of vacation home ownership with resort amenities and hotel services. Residence club ownership provides generous and flexible vacation use, removes the worries typically associated with absentee ownership, and significantly reduces the financial burden. The Residence Club at Carlton Landing provides the added benefit of lifetime Boat club privileges.
Do club owners own real estate?
Yes. Ownership is evidenced by a real estate deed, which is recorded and guaranteed by a title insurance policy. Each owner is conveyed a one-seventh, debt-free, undivided deeded interest in one of the club’s fully furnished residences.
How many owners will share each club residence?
Only seven Club owners receive deeded interests in each Club residence, allowing for frequent and flexible lodging privileges throughout the year.
Can more than one family or individual share a single ownership?
Yes. Individuals can form legal entities to control an ownership. It will be up to the joint owners to select a Designated Owner who can reserve lodging and boats for that ownership in compliance with the Club’s reservation policies.
Have residence clubs been developed in other prestigious destinations?
Yes. The concept was introduced more than 20 years ago and has been enthusiastically embraced by affluent buyers at premier resorts such as: Aspen, Vail, Telluride, and Steamboat Springs, Colorado; Deer Valley, Utah; Palm Springs, Napa Valley and Lake Tahoe, California; Tucker’s Town and Southampton, Bermuda; Los Cabos and Huatulco, Mexico. There are also residence clubs in Manhattan and Italy. Each of these residence clubs is owned and operated much like The Residence Club at Carlton Landing. The creator of the residence club concept is part of the Carlton Landing team.
As an owner, how often can I vacation at my club?
As often as you wish, subject only to the Club’s reservation policies and availability. Owners have the flexibility of reserving Planned Vacations well in advance and also visiting on short-notice basis. Each year, owners may reserve 21 days of Planned Vacations in advance. This leaves abundant additional occupancy for space available vacations during the year. If all owners use their club equally throughout the year, each would enjoy a minimum of seven weeks annually. However, there is no limit on use. If some owners visit their Club less, others can visit more.
Is the Residence Club at Carlton Landing a timeshare?
No. Timeshare is typically the right to use only a specific week or weeks and lodging is limited to a specific residence. Residence Club owners have access to all Club residences within their ownership category (Park Street, Lakeview or Veranda), with the right to unlimited use during all seasons, subject only to the reservation policies and availability.
What if the number of owners wishing to stay at the Club exceeds the number of residences available?
The club is designed to equitably allocate vacations when demand for lodging may exceed supply. A rotating priority system® ensures all owners will have equal access to high-demand dates over the years. This system has proved fair and equitable for more than two decades.
Will Club owners always stay in the same residence?
No. To provide the greatest flexibility and availability, owners have equal access to all Club residences within their ownership category (Park Street, Lakeview, Veranda or Terrace). Request for specific Club residence will be granted whenever possible.
Can Club owners reserve more than one residence during the same time period?
Yes. Because Club owners are not restricted to a particular residence, they can use their reservation privileges to reserve more than one residence within their residence category at any given time, if sufficient residences are available. This is an ownership benefit unique to residence clubs that allow Club owners to host family reunions, a gathering of friends, or corporate retreats.
Can Club owners send guests to enjoy Club vacations?
Yes. Owners may invite unaccompanied guests to use any of their confirmed Club vacations without a guest fee.
Can residence club owners rent a portion of their vacation time?
No. The Residence Club has been created for the benefit and enjoyment of owners and their guests only.
As an owner, can I exchange lodging privileges with other Residence Club owners?
Yes. Your club has been selected to participate in the Elite Alliance℠ exchange program (www.EliteAlliance.com). Your complimentary Elite Alliance ownership provides exchange privileges with owners at a select and expanding family of residence clubs and other resort properties in coveted national and international destinations.
Do owners pay annual fees?
Yes. The comprehensive annual fees pay for the professional management and operation of the Club accommodations and pro rata share of the costs associated with the Lake House and Boat Club. Included in these annual fees are funds for staff salaries, housekeeping, supplies, maintenance, trash removal, legal/accounting, utilities, transportation, management fee, boat maintenance, scheduled replacement of Club residence furnishings and appliances. These fees are a fraction of the costs associated with traditional ownership of a vacation home and boat.
Do owners pay any lodging or housekeeping fees when they vacation at their Club?
Owners pay only a post-occupancy cleaning fee. An optional daily tidy service is available upon request for a fee.
Who establishes the fees and controls the affairs of the Club?
An owner-elected Board of Directors establishes budgets and fees on an annual basis.
Can a Club ownership be resold?
Yes. Like any other form of real estate, an owner’s deeded real estate interest can be sold or transferred by the owner, or sold by a licensed real estate agent.