Blue View Chalets

Q. What do I get when I purchase a share of a unit in Blue View Chalets?

A. You actually get title to an undivided one tenth interest in the chalet. The chalet will be registered in your and other shareholders' names as Tenants in Common.

Q. I wish to view the agreement that I have to sign!

A. You can download a copy of the agreement in PDF format below.

Shareholders Agreement

Q. What do I get by owning one tenth?

A. You have a choice of either four designated weeks, one in each season for your own use or, alternatively, you are issued 220 points each fiscal year for a large chalet. You may use your points to rent chalets during various seasons in the development (subject to availability), or you may keep your points until the end of the fiscal year when they become “distribution points”.

Q. When will I take possession?

A. Purchasers who subscribe to shares before Dec. 1st 2003 will take possession on Dec 20th 2003. Purchasers who subscribe to shares after Dec. 1st 2003 will take possession at the end of the season during which the purchase occurs.

Q. When will the Condominium Corporation be registered?

A. It is registered already.

Q. What happens to distribution points at the end of a fiscal year?

A. The net revenue from rentals is divided among distribution points.

Q. How is the usage by various shareowners regulated?

A. Usage by owners is regulated by the shareholder agreement that each shareholder must sign.

Q. How many points do I have to pay to rent in the four seasons?

A. A large chalet costs 110 points to rent a winter week, 85 points to rent a summer week, 15 points to rent a fall week and 10 points to rent a spring week.

Q. Can I use all my points in one season?

A. You can reserve one week in each season at any time. However, to reserve additional periods in any season, you must wait to within 30 days before arrival time, subject to availability.

Q. Can I use a few of my points to rent spring and fall weeks and keep the unused points for income?

Q. What are my annual costs?

A. The annual costs are expected to be non-existent. However, owners pay a usage fee of $100 each time they use the chalet to cover cleaning and utilities

Q. How are the condo fees, property taxes and other expenses paid?

A. Christmas, New-year’s Eve and long weekends will be restricted periods not available for owners’ use. They will be rented and rental income from these periods is expected to easily pay the condo fees, property taxes and other expenses.

Q. Who will manage the day to day affairs of the Condo Corporation? And who will manage the Rental Pool?

A. Blue View Chateaux Inc.

Q. Can the Owners choose a different company to manage the condo and the rental pool?

Q. Can I sell or transfer my share?

A. Yes, you can transfer the title of your share to others and there are buy and sell provisions in the shareholders agreement.

Q. How close is Blue View to the Intrawest Village?

A. Five minutes walk.

Q. What activities are there?

A. Apart from skiing, golfing, swimming, mountain biking, hiking, fishing, canoeing and kayaking there are many other exotic activities like wind-surfing, hang-gliding, helicopter and hummer tours, and many others.