Page 37 - TwinPalms Residences : MONTAZURE

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rental

program

Is there a rental program available? What are the terms & conditions of my 45-day usage?

Twinpalms Residences MontAzure will provide a rental opportunity for those buyers who wish to The owner will be entitled to use the unit for 45 days per annum. The owner can utilize those days

earn a return on their investment. To maximize occupancy and deliver hospitality level services, at anytime of the year. However, the number of days forfeited per stay will depend on the time
Kamala Beach Resort & Hotel Management Co Ltd is opting to use a qualified and experienced of the year when the visit takes place.
hotel operator – Twinpalms Management - who will be appointed to manage this program and

ensure that owners receive the highest possible yield. However, joining this program is not During the summer season (1 May to 31 October) each day of stay will equal one day of own
compulsory and those buyers who wish to retain their property for private use only will be usage.

in a position to do so. During the high season (1 November to 19 December and 11 January to 30 April) each day of stay
will equal two days of own usage.
What level of rental return can I expect? During the peak season (20 December to 10 January) each day of stay will equal four days of own

The operator will divide the total gross revenue derived from the rental pool on a 40/60 basis – 40% usage. These dates may be adjusted by the operator every year depending on their marketing for
will be paid to the owners and 60% will be retained by the operator. This commercial structure is the peak season.
an improvement on the 50/50 profit split used in other projects in Phuket as conflicts always arise

from the lack of transparency on operation costs and expenses. A top-line revenue split removes Should an owner’s occupancy exceed the 45 days, a preferential daily rate will be charged.
this uncertainty and protects our buyers and residents. From the operator’s share, all operating
expenses will be paid. Such expenses will include (but not be limited to) utilities, marketing, What is my personal responsibility for the daily service?

salaries, cleaning equipment and all other necessary expenses in order to operate the rental During the 45 days of personal use the owner will be charged a daily rate in order to cover utilities
program in an e cient and proper manner. and other costs associated with cleaning and maintaining the unit and preparing for the next

hotel guest. It is estimated that the daily rate for a one-bedroom unit will be THB 600 (THB 1,000
From the owner’s share the Common Area Management Fee must be paid (which is estimated to with pool) and for a two-bedroom THB 1,000 (THB 1,500 with pool). The owner will receive a full
be THB 80 per square metre) as well as any taxes levied by the Thai Government. The owner maid service during those 45 days.

will also be expected to insure the contents of the unit on an annual basis.
This fee will inclue breakfast for two persons in the case of an one bedroom unit and for four

Below is an example of how the rental split will be determined: persons in the case of a two bedroom unit.

Checkin 2 pm. Check out 12 noon.
Days available 365

Days occupied 183

Occupancy % 50%

Gross Revenue in Thai BahtAverage 12,472

Daily Rate of 1 & 2 bedroom units in THB 2,282,376

40% Revenue Share to Owner 912,950 URE
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