Summit Resort Owners Legal Documentation

• Declaration of Condominium
• Declaration of Trust
• Membership Interval Use Agreement
• Transfer Document

Frequently Asked Questions about Transfers

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1. Do I need to pay the $200 transer fee if I am putting my ownership in the name of my trust?
   Yes, any transfer even to a trust requires payment of the transfer fee.
2. Can I transfer to a business?
   No, the paperwork requires that an individual owner or the trustee of a trust be named.
3. Can I transfer to my trust?
   Yes, the trust name will appear on the Certificate of Beneficial Interest is applicable, otherwise all other correspondences with the resort will address the first or second trustee of the trust.
4. Can I add my children
   There can be only 2 names on a contract. If you have individual ownership, then you can add a child as the second name. If there are 2 people already on the contract, one person would have to be removed in order to add someone new.
5. Does the Summit Have a resale program?
   No, we do not have a resale program, but we can offer a few suggestions...
   • Offering to friends and family first
   • Listing on Craigslist
   • Listing on Redweek
   • Listing on Tug2.net

Transfers Rules

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• All maintenance fees must be paid up to date
• All loans must be paid in full
• Transfer fee is $200 made payable to SAFCO Management
• All owners must be 21 years of age

Warnings

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Please be aware of resale companies that require money up front in order to sell your week. We have provided legitimate suggestions above.