Golf Membership Eligible Address
Golf Membership Eligible Address
A real estate purchase from Ecoasis Developments LLP offers the opportunity to exercise the right to a Bear Mountain Golf Club membership. This golf membership would be attached to the address and is transferable at the time of re-sale adding value to the property and providing an incentive for potential future buyers who otherwise would have no way of purchasing a golf membership at Bear Mountain Golf Club.
As Canada’s only 36 hole Jack Nicklaus golf experience, membership to the Bear Mountain Golf Club may be a significant selling feature as future purchasers of Bear Mountain homes will not have the opportunity to purchase a Bear Mountain Golf Club membership unless the home or lot they are purchasing is one from Ecoasis Developments LLP, or the seller’s homes is designated as a Golf Membership Eligible Address (GMEA). The membership can be transferred, and subsequently activated by the purchaser. When buying a re-sale property at Bear Mountain, it is important to ask if the home is a GMEA both for accessibility to membership and for the value add of a GMEA. Bear Mountain continues to strive to be Canada’s most sought-after residential resort community and new amenities being initiated resort-wide will only add to the real estate offerings available.
Q: What is a Golf Membership Eligible Address (GMEA)?
A: All remaining golf memberships at Bear Mountain will be reserved exclusively for Purchasers of Ecoasis property on Bear Mountain. Golf memberships will only be sold to GMEA properties, which include all Ecoasis properties, and any addresses that purchased a membership previously.
Q. I am interested in a Golf Membership Eligible Address (GMEA) but no one in my family golfs. I do, however, want to protect this option for re-sale purposes. I understand I can protect this by agreeing to a dormant membership. What is a dormant membership?
A: A dormant membership is a golf membership maintained for the purpose of adding value to a Bear Mountain property by designating the property as a GMEA. Initiation fees must be paid in full but the membership is not activated and therefore full monthly dues are not activated. There is, however, a monthly dormant fee.
Q: How much does it cost to maintain a dormant membership?
A: There is a fee of $40.00 per month to maintain the dormant membership. There are no golf membership rights with a dormant membership; however, you will receive two non-transferable passes for a round of golf per year, a 25% discount on day-use Driving Range fees and a 25% discount on applicable Pro Shop purchases.
Q: What is the monthly dormant fee for?
A: The monthly dormant fee is an administration fee to protect your rights to one of the limited golf memberships. As you are not activating your golf membership, your monthly fee will be substantially less than the full monthly golf membership fee.
Q: Is there a limited number of times that I can play with a dormant membership before I must activate it? (i.e. If I only golf three or four times a year – it is better to pay green fees).
A: You won’t have any golf membership rights to the golf course with a dormant membership. You can, however, pay green fees and play.
Q: If a Purchaser buys my GMEA property at Bear Mountain, how much will it cost them to transfer the membership?
A: It will cost 10% of current initiation fees for the new homeowner to transfer the golf membership.
Q. What are the monthly dues for an active golf membership?
A: Dues are subject to change for active golf memberships and will adjust annually as is the case with most golf memberships. Our objective is to offer a premium experience at a reasonable rate. As with any club, if there is a spirit of cooperation, initiatives to keep rates low can be achieved. Dormant dues are as stated above.
Q: If a Purchaser buys a property at Bear Mountain from Ecoasis, how much will a golf membership cost?
A: That will depend on the time of purchase. There may be different promotions during the sale of each new real estate project so the terms will vary. Buyers will, however, be eligible to purchase/receive a golf membership with the Purchase of an Ecoasis property while quantities last. You won’t have the option to buy a membership if you purchase a Bear Mountain property that is not a GMEA.
Q. Does it matter what type of property/real estate is purchased from Ecoasis? Are all real estate purchases eligible for a golf membership?
A: At this point, all real estate product purchased from Ecoasis, be it single family lot, home, duplex and townhome, will be a GMEA. Purchasers will be eligible to access a golf membership while supplies last (memberships sales will be capped to maintain a high quality membership experience). Ecoasis reserves the right to limit which future Ecoasis properties are GMEA based on membership quantities available.
Q: Is a golf membership at Bear Mountain transferable to family members?
A: Yes, a golf membership at Bear Mountain is transferable, one time only to a direct family member, or as part of the new policy, you will have the option to assign the membership to your eligible property at Bear Mountain proper.
Q: How many memberships do you plan to sell?
A: We will cap golf membership sales at 800-900. It is important to maintain a high standard golf experience – the courses can’t be overcrowded.
Q: If I purchase a GMEA, how do I know that my investment is secure over time?
A: The membership contract will address such.