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How Do I Become a Landholder and Build my
Vacation Home? |
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Upon completing payment of the membership fee, the Member receives a document formally showing his/her entitlement to land. The land is held by Vanuatu-Japan Friendship Corporation until the
Member commits to building a vacation home. At that point, the Member becomes the registered legal holder (under a long-term lease of at least 75 years) of a specific parcel of land suitable for a high-quality vacation home. (Any payments to the lessor required under the lease will be small and will be paid out of the Club's common funds.) The size of the Member's land is 2,000 square metres (or more, for second and subsequent memberships purchased by the same Member or if the Member has introduced new Members - see What does a Member get for his/her Money? above). The formal registration in the Vanuatu land titles office will occur within one month.
Thus, specific parcels of land are allocated to Members in the order they make their definite commitments to build. The purpose is to ensure an orderly and efficient development of a bona fide community with a pleasing contour. Each Member will have neighbours - there will be no large gaps of empty lots between the houses. All this will enhance the financial value of each Member's land.
In Vanuatu, construction costs are much cheaper than Japan. Each Member can choose whichever construction company he/she prefers. However, the Club is ready to assist with recommendations of first-class reliable builders, some of which maintain a variety of model homes to help with the Member's choice.
Should a Member wish to rent out his/her vacation home for all or part of the year, the Club can assist by recommending rental agents with good skills and reputation. Note that compared with Japan, it is possible to earn high rental income even with a fairly low investment in land and construction. Thus, for Members who choose this route, the Club is an extremely good vehicle for income-producing investment.
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