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Frequently asked questions
1.It sounds like Time Share. How is it different from Time Share?.
Here we are incorporating a separate corporation called AyurHeritage Villas. As and when each villa is completed, we will issue 12/24 fractional ownerships of each villa and each person who buys the place will be given ownership deeds for their share. Each owner has the rights to enjoyment of the property where the Villas are located. For further information please ask for a sample sale agreement.
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2.Explain the term of ownership. Is it 99 year lease or 20 year or 10 years.... Also is it transferable to children, spouses etc on death...?
TThis is not a lease. As indicated in Question 1, each owner will be owning a portion of undivided interest in the property and Villas and these are transferable to spouse and/or children in the event of death just as any other asset would be.
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3.Can we sublet or have guests come and stay at the facility for shorter periods of time than one full month?.
Yes. An owner can do whatever he/she wants with it. The guests have to abide by the rules and regulations of the facility. It is our expectation that owners would have guests who expect to use the Ayurheritage Center
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4.Can the owners of the Villas get discounts at AyurHeritage Center
Yes. They can. How much discounts on what etc will be worked out only after finalization of our tariffs.
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5.Is there any restrictions on who we sell the ownership to?. If so, what are those?
The corporation has the first right to buy (at prevailing market prices at the time of selling) and then resell the shares of the Villas. If an owner specifically wants to sell their ownership share to an individual then that person has to enter into an agreement with the corporation in that they will abide by the rules and regulations which is agreed upon by all other owners. This is also the case when the ownership automatically gets transferred to somebody else.
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6.Can other companies take ownership of these Villas and sublet to their customers or be used by their own employees.
Yes. Of course they can. But they cannot put up any sign boards of their own, have their corporate insignias be shown in any part of the building or surrounding or on the contents inside the Villa. Also we expect that these companies utilize these Villas for the purpose of Ayurveda and Wellness solutions through the use of AyurHeritage Center.
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7.How do we sign up for the villas?
Sign up sheets can be emailed to you or downloaded from the corporate web site at http://www.ayurheritage.com
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