For all residents embarking on the maiden voyage, we require a one-time payment equal to three months of assessments, paid three months prior to launch. This one-time special circumstance is due to the significant upfront costs at the outset. Among the many items it covers is crew onboarding and provisioning the ship with all the loose items that the shipyard does not provide such as restaurant equipment, marina watercraft, and outfitting the communal spaces. This is in addition to your first quarterly assessment fees. It is not an additional total cost. It is offset in one of two ways:
a) applied to the last quarter of the lease term if the lease is fulfilled, meaning no payment will be due for your final quarter.
b) recouped from the next owner in the form of a transfer fee if the residence is sold prior to the end of the lease term.
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