PROPERTY MANAGEMENT SERVICES

South Point Hotel Inc. will efficiently and professionally manage the day-to-day operations of the restaurant and hotel, in addition to the common area maintenance, landscaping, security, cleaning, accounting and other general administrative duties associated with operating a condominium association.

Each South Point unit shall be individually owned, with separate legal title registered in accordance with the Registration of Condominium Titles Act. Common areas are jointly owned by registered owners—all of whom are members of the Condominium Association.

As is the norm with condominium residences, a monthly maintenance fee will be charged to each unit. It will be directly associated with the actual cost of operating and maintaining both the property and the individual units. Unlike most properties, however, South Point provides more for your money, as the fee includes not only the general management, administration and maintenance of the property, but also the property tax and a comprehensive insurance package.

VACATION RENTAL PROGRAM

The South Point Vacation Rental Program offers residents the opportunity to earn rental income when their apartment is not in use. As the prime location, intimate setting, fine furnishings, and exclusive appeal suggest, a premium pricing structure will be utilized at South Point, providing owners the opportunity for greater revenue potential. The team at South Point Hotel, Inc. has extensive experience in hospitality and hotel management and marketing. Owners can rest assured that the best practices will be utilized in order to maintain a high occupancy rate and a strong reputation as a top tier luxury resort.

South Point owners have the distinct option of choosing not to participate in the rental program. A resort fee will apply—in addition to the maintenance fee—in that the owner will still be allowed to use those services provided for the benefit of the overnight guest. Beach and pool services, reception, concierge services, telephone, PBX, cable/satellite tv, and internet access are included to all South Point guests and residents.