Are all homes rented in a fair and equitable manner?
The rental manager will make all reasonable efforts to ensure homes are rented in an equitable fashion. While it is anticipated that this will result in an equitable sharing of home rental revenues amongst all Home Owners, factors such as the amount and timing of an Owner’s use, seasonal factors, and guest preferences will have an impact on how much rental revenue is generated from each home. 9. What is the process for distribution of rental income? A: Halcyon will issue rental revenue cheques quarterly. Payments will be made within 45 days of the end of each of the fiscal quarters (the end of March, June, September, and December). 10. What happens if a rental occupant damages my unit? A: The rental manager will use reasonable efforts to recover the total cost of all damage from the person who caused it. This will most often be accomplished by billing an occupant’s credit card. To avoid small claims Halcyon will pay any unrecoverable damages of $250 or less. Owners will be responsible
