Platinum Vacation Club's sole purpose is to acquire interests in accommodation, clubs, resorts and schemes in order to meet the exclusive needs of its member base and to provide them with diversity in their holidays.
Ownership of the accommodation is vested in Platinum Vacation Property Trust.
The Beneficiary of the Property Trust is Platinum Vacation Club Management Association.
Our members are the beneficiaries of the Management Association with the acquired right to use the accommodation in the Trust. Members also have a vested in the Trust. This means that they can vote at the Annual General Meetings of the Association and therefore make a positive contribution to the organization.
Our members deserve to given the maximum available protection and for that reason, all the right, title and interest to the accommodation is held in the Property Trust.
The Trustees hold and control the Club's inventory of accommodation in the Trust. They ensure that the total accommodation available to Members is greater than the amount represented by Points Rights sold. The Trustees also ensure that the right, title and interest to the properties held in the Trust are secured.
A full list of the responsibilities of the Trustees of the Club is set out in the Trust Deed which forms part of your documentation.
As a new Member of Platinum Vacation Club, you would have received the following legal documents in your Welcome Pack of information:
- Memorandum, Articles of Association, Scheme Regulations and Trust Deed
- Terms and Conditions of Acquisition Agreement
- Carbon copy of Terms and Conditions of Acquisition Agreement & Acknowledgement of Representation
- Access to our website www.platinumvacationclub.com for the Points Value Guide