
The structure is being set up as a non-profit Society with a management company. When you are accepted as a member you become a "guest" onboard our Island. We are only accepting 500 pre paid vacation packages in total. This is the total amount of vacation weeks that are available over the 10-year period. The balance is being sold as weekly charters. We offer you a membership that shall encompass the following rights and obligations: If you do not agree to the following please do not submit an application form for membership.
(1.) The owner has the right to one (1) week shared usage annually for one (1) person on the yacht known as "Kastaway Island" for a 10 year period.
(2.) The ownership may be sold, transferred, gifted, willed, loaned,
leased, rented, swapped or sub-chartered to any reasonable and responsible
person subject to the written approval of Kastaway Island.
(3.) If you do not want to sell your week, you can accumulate the
time for next year. You may choose from time to time to offer your week(s)
into a charter pool to be resold by our office. All monies raised in this
manner will be credited to the owner after a 10% management fee is paid to
Kastaway Island. If you sell the week yourself there is no 10% fee
charged.
(4.) All persons using the yacht "Kastaway Island" will do so as guests. There will be no assisting in the day-to-day running of the yacht.
(5.) The guests hereby acknowledge that there are NO deposits paid to the company.
We are not requesting a deposit, just fill out the membership application and submit.
We offer a three-year money back guarantee.
Check out "What
if I change my mind and want my money back"
(6.) The guest, by entering this agreement, hereby acknowledges that he/she relies on his/ her own assessment and evaluation of the yacht, the venture and this proposition and not on the representations of any person or company, their agents, or employees.
(7.) Unless otherwise decided by Kastaway Island, this agreement shall not be subject to the legal rights of the country of signature but to the International Maritime Legislation.
(8.) Nothing in these documents shall be construed to conflict with laws
applicable in any Country of operation and where an apparent conflict may
exist; it shall not void the balance of these obligations.
(9.) You are obligated to pay an annual maintenance fee referred to
as an upkeep fee, as is determined by Kastaway Island every year for the
next ten years. Failure to pay will terminate your use of this vessel
until the fee is paid.
(10.) You are obligated to pay your own airfare to and from the destination the yacht will be in during the week you chose. If you do not like the location of the yacht change your vacation date, sell your week or bank the time to be used next year. Other expenses would include but are not limited to all purchases of beverages, rentals, shopping, shore excursions, fishing charters, water toy rentals, telephone, fax and internet use.
(11.) You must read the Legal Agreement and the bylaws and return both, signed, by mail or fax. By signing the signatory page you are acknowledging that you have read and agree to the terms and conditions of the membership agreement.