06 Dec Fractional Ownership
There are specific ZEMA guidelines pertaining to Fractional Ownership at Zimbali. These guidelines are clarified in a document entitled the “Standard Conditions for Implementation of a Fractional Ownership Scheme at Zimbali”. This document sets out the requirements for setting up, approval and implementation of a fractional ownership scheme in Zimbali. It also sets out the minimum requirements for obtaining the consent of ZEMA in order to make use of a property for the purpose of a fractional scheme.
All applications must be submitted on an application form approved by ZEMA from time to time, and must be signed by the applicant, or its duly authorised representative.