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How is ownership at Villa Verona evidenced? Title to your Ownership is evidenced by a real estate deed to an undivided, deeded, shared interest in a two, three or four-bedroom residence at Villa Verona. Your deed, which is recorded and insured by a title insurance policy, is subject to the private residence club Lodging Reservations Policies and Procedures and the related Villa Verona Condominium Declarations and bylaws governing documents. This interest can be placed in trust, sold, willed or bequeathed to other individuals like most other forms of real estate.

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Is Villa Verona a timeshare development? No. Timeshare typically involves the ownership of a specific week and is considered a pre-paid vacation purchase. Villa Verona is a luxury lifestyle purchase that is grounded by ownership of Downtown San Antonio River Walk real estate. Owners at Villa Verona have access to all residences within their selected residence category of two, three or four-bedrooms and all facilities, with the right to use the property anytime, subject to reservation policies. Occupancy opportunities are much like that of an equity-based golf club or country club, where use is abundant and flexible. Although the State of Texas regulates the development process under its timeshare subdivision act, Villa Verona is used more like a whole ownership real estate than a timeshare.

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How many Ownerships will be sold? Villa Verona at Piazza San Lorenzo will offer two, three and four-bedroom Memberships. There will be only ten Ownerships offered for each residence with a total of five hundred Ownerships for the entire private residence club.

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Can more than one family or individual own a single ownership? Yes. Families or individuals can form partnerships to own a Villa Verona Private Residence Club Share.

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Why was the Villa Verona private residence club concept developed? Villa Verona is designed to provide more convenience, services and amenities than are provided by an equally luxurious vacation home. Villa Verona provides Owners with generous and flexible vacation use. It removes the worries typically associated with vacation home ownership. And, it significantly reduces the financial burden through shared ownership of the villas and club facilities. More importantly, Villa Verona provides the unique opportunity to match the dollars expended on your real estate purchase with your expected time usage of a luxury second home.

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Are there similar private residence clubs at other destination resorts? Yes. There are other similar clubs at highly acclaimed ski, golf and beach resorts throughout the United States, Mexico and Europe. Private Residence Clubs are being designed and built in an increasingly large selection of destinations since the introduction of the first club in Deer Valley, Utah, in 1993.

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As an Owner at Villa Verona, can I vacation at these other clubs? Ownership at Villa Verona entitles you membership in the Registry Collection, The World's Finest Resorts, the world's leading brand and exchange club for luxury resort property owners. Owners will have the opportunity to exchange pre-planned vacations in order to experience other similar luxury second home vacation residences around the world.

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How often can Owners use Villa Verona residences? Owners may use the accomodations at Villa Verona as often as they wish, subject to Villa Verona's Lodging Reservations Policies and Procedures. Owners have the flexibility of reserving time well in advance, and may also lodge with short notice on a Space Available basis. In the early fall, Owners may reserve up to 14 days of Summer/Fall Planned Vacations in advance to: Owners may reserve Pre-planned Vacation time for up to 28 days each year in addition to unlimited use on a Space Available basis. There is no limit on amount of use. If in a certain year, some Owners use Villa Verona less, others may use it more.

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Is every stay at Villa Verona for a week at a time? No. Owners can use Villa Verona just like a second home, subject to the Lodging Reservations Policies and Procedures. Owners can stay for as little as one night based on space availability. Owners may pre-book up to 14 consecutive days in each of the two six month calendar periods. The flexible program also allows Owners to split time into two, three and four night stays. Further, Owners may reserve multiple residences during a requested time period in order to accommodate larger family gatherings.

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Will Owners always stay in the same Villa Verona residence? No. Owners may stay in any of the residences of the type they purchased. For example, if you purchase a two-bedroom ownership, you may stay in any of the Villa Verona two-bedroom residences. The same applies for the three and four-bedroom residence types.

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What if the number of Members wishing to stay at Villa Verona during certain time periods exceeds the number of residences available? The Lodging Reservations Policies and Procedures have been designed to equitably allocate reservations when demand may exceed lodging supply. A rotating priority reservation system ensures that all Owners have equal access to peak period Planned Vacations over the years.

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Can Owners reserve more than one Residence during the same period? Yes. Because Owners are not restricted to a particular Residence or seven-day stays, they can reserve more than one residence of their size category [two, three or four-bedroom] at any given time. It is possible that an Owner could have as many as four residences reserved up to seven nights each at the same time period [using all Planned Vacation, Space Available, and Short Notice privileges] if sufficient residences are available.

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Which family members have Villa Verona privileges? Spouses have full Ownership privileges, as well as dependent children under age 21.

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Do Owners have guest privileges? Yes. Guests staying in the same residence with an Owner are not charged. Owners may invite Unaccompanied Guest to use their confirmed Planned Vacations without a guest fee.

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Can the residence be rented during the assigned occupancy periods? Yes. Owners may rent pre-planned vacation time, with the exception of certain holiday periods as outlined in the Lodging Policies and Procedures for Villa Verona. Space Available vacations are for Owner occupancy only, except as permitted during "non-peak" periods.

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Do Members pay any checkout fees when they stay at Villa Verona? No, housekeeping charges are include in the annual dues for time used as Pre-planned Vacation time. There is a pro-rated housekeeping fee for time used during Space Available time.

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Who establishes the dues and controls the affairs of Villa Verona? A Member-elected Board of Directors establishes budgets and dues on an annual basis.

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What is the quality of construction, furniture and accessories? Construction will be of the highest quality and each residence will be completely and elegantly furnished. The accessory package will include bedding, linens, kitchen utensils, cookware, dishes and silverware.

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Will cable or satellite television, DVDs and high-speed internet be available? Yes. Cable or satellite service will be provided to each residence along with a complete entertainment center in the living room and each bedroom that will include a DVD player. High-speed internet connections will be provided in each residence.