 | What is the Austria Haus Club? |
 | The Austria Haus Club is a private, member-owned club comprising spacious two, three and three bedroom penthouse residences and an elegant clubhouse. The Club has a streamside location in the heart of Vail Village, next to the Covered Bridge. Club amenities include a reception lobby, members' lounge, ski locker room, fully-equipped health club, heated outdoor swimming pool, heated underground parking and long-term clothing/equipment storage for each membership. |
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| How is ownership of the Club evidenced? |
| Title is evidenced by a real estate deed which is recorded and is guaranteed by a title insurance policy. Each member owns a debt-free undivided deeded interest in one of the Club's elegantly furnished private residences. Each member also owns an undivided deeded interest in the common areas. |
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| Why was the Private Residence club concept developed? |
| The Private Residence club is designed to: 1) Provide more convenience, services and amenities than are provided by an equally luxurious condominium development; 2) Provide members with as much vacation use as a typical vacation homeowner uses his or her vacation home; 3) Match the purchase price with this owner usage. |
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| How many memberships will be sold? |
| Austria Haus is offering a total of nine memberships for each Club residence. The total number of memberships will never exceed nine per residence. |
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| Are there any other Private Residence clubs at other ski resorts? |
| Yes. The Deer Valley Club at Deer Valley Resort in Park City, Utah and the Franz Klammer Lodge in Telluride are Private Residence clubs. |
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| Is the Austria Haus Club a timeshare development? |
| No. Timeshare is not a premitted use in Vail Village. As a private resort club, Austria Haus Club gives members access to all Club residences of their membership type and all Club facilities with the right to use them anytime, subject to reservation policies. Austria Haus Club membership is very similar to membership in a prestigious equity golf country club, except members reserve lodging rather than tee times. |
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| How often can owners/members use the Club? |
| As often as they wish, subject to the Club's reservation policies. Each membership can reserve up to 14 days of Planned Winter Vacations, 14 days of Planned Summer Vacations. After all Planned Vacations are reserved, members can reserve additional lodging on a "space available" basis. There is no limit to the amount of use. If some members use the Club less than their available time, other members will be able to use it more. |
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| Will I always stay in the same Club residence? |
| No. Members have equal access to all Club residences of their membership type. Members may request a specific residence and this request will be granted, when possible. |
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| What if the number of members wishing to stay at the Club exceeds the number of residences available? |
| The Austria Haus Club has been designed to equitably allocate peak period reservations when demand for lodging may exceed supply. A computerized rotating priority reservation system insures all members will have equal access to peak-period lodging over the years. |
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| Which family members have Club privileges? |
| Spouses and dependent children under the age of 25 have full membership privileges. |
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| What are the guest privileges? |
| Guests staying at the same Club residence with a member are not charged. Members may invite Unaccompanied Guests to use their confirmed Planned Vacation Periods without a guest fee. In addition, Club members and their guests are eligible for discounted Austria Haus hotel rates. |
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| Can Members rent their confirmed reserved Vacations? |
| Yes, Members may rent one of their winter season Planned or Optional Planned Vacations with the exception of high demand periods such as Christmas and President's Week. Members may rent any of their summer season Planned or Optional Planned Vacations. Space Available Vacations may not be rented. |
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| What happens to the revenues collected from Club rentals? |
| Net revenues collected from rented weeks will be paid to the respective Club member whose week(s) was rented. Rental commission rates will be published each year by the Board of Directors. |
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| Do owners/members pay annual membership fees? |
| Yes. The annual membership fees pay for the professional management and operation of all Club facilities and amenities. Included in these annual fees are funds for staff salaries, supplies, maintenance, insurance, trash removal, legal/accounting, fuel, utilities, property taxes, transportation to the Golf Club and replacement and refurbishing reserves of Club facilities. |
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| Do members pay housekeeping charges when they stay at the Club? |
| Yes. A housekeeping fee will be charged for each visit. These fees cover daily bed-making, fresh towels and trash removal in addition to end-of-occupancy cleaning. Members and guests may request full daily maid service for an additional charge. |
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| Can members use the Club facilities if they are not staying overnight at the Club? |
| Yes. Members can use the Club facilities and common areas when not staying overnight. |
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| Can families, individuals, or companies share a membership? |
| Yes. Austria Haus Club membership allows two individuals and their families to have Club privileges. In addition, partnerships, corporations and trusts can also become members. |
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| Who establishes the membership dues and controls the affairs of the Club? |
| A member-elected Board of Directors establishes budgets and dues on an annual basis for approval by members. |
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| What is the quality of Club construction, furniture and accessories? |
| Club construction was of the highest quality. Each residence is completely and elegantly furnished and features top of the line kitchen appliances. The accessory package includes kitchen utensils, cookware, china and silverware. The living room has a large gas fireplace. There is cable television and a DVD in the living room and master bedroom, and a cable television in the other bedrooms. |
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| Can an Austria Haus Club Membership be sold? |
| Yes. Like any other form of real estate, the member's deeded interest can be sold or transferred by the member, or sold by a licensed real estate agent through the multiple listing service, subject to the Club Declaration and Bylaws. |
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| If I join, when will I be able to vacation at the Austria Haus Club? |
| Members have been enjoying the Club since December, 1998. |
