Provisioning Fee

We require a one-time payment equal to three months* of annual 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 the fee will be applied to whatever the annual fee is at the time of your final three months

b) recouped from the next leaseholder in the form of a transfer fee if the residence is sold prior to the end of the lease term. The ‘transfer fee’ will be the same amount as the ‘provisioning fee’ and will be paid by the buyer to the seller in addition to the price of the unit.

*For shared purchasers, the provisioning fee is equal to one-month annual assessments per 25% share.

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