TITLE BASED MEMBERSHIP

Under this system, the purchaser obtains an interest as a Tenant-In Common in the land upon which the resort is built. This is a Nepean Country Club A-Class Share. Members of title based shares have all the rights and responsibilities of property ownership, but should abide by the constitution of the company that holds the lease of the resort. The purchase is evidenced by a “Certificate of Title” issued from the Titles Office.