How do I register for an opportunity to purchase a condominium residence at St. Charles?
Go to the registration page located here (you cannot register by phone) and fill out the registration form for Priority Status.

What is Priority Status and why should I register?
Priority Status qualifies you to receive the most timely updates via email on new information as soon as it becomes available, such as pricing and home owner association documents, as well as information on the sales. Registration is the only way to gain Priority Status. By registering online you are not committing to purchase property nor is the seller guaranteeing you an opportunity to purchase.

What happens after I register for Priority Status?
After you register you will then begin receiving additional information via email that will assist you in selecting the residence you want. This will include product, financing, and event information. Registration does not guarantee the opportunity to participate in the event or purchase, so we advise you check your email often for additional information on how to participate.

Does every condo have a balcony or terrace?
Yes.

Who will be responsible for the cost of the furnishings?
The cost of the furnishings package is included in the sales price of your condo.

What if I decide to sell my condo?
You have the right to sell your condo, either by yourself or through a real estate agency of your choice. Any profits are, of course, yours to keep.

What amenities are available for my use?
As a resident of St. Charles, you’ll enjoy access to a host of upscale resort amenities, including the spa and sauna, fitness center, beachside pool with swim-up bar, hot tub and kids pool, lighted tennis courts, beach volleyball courts, croquet lawn, gourmet restaurant, concierge service and more.

What is a developer leaseback?

An individual purchases a property and then enters into an agreement with the developer for a defined period of time with specific conditions giving the developer the use of the property for some consideration.

What is the leaseback opportunity being offered at St.Charles?

The term for the agreement will be for two years from the date of closing by the purchaser.
The leaseback will be based on a purchaser obtaining traditional Turks and Caicos financing from an on Island lender at the then prevailing interest rate. 30% is the normally required equity with the balance of the purchase price, 70% financed.
Purchaser would pay some closing costs including a 5% North Caicos tax on the purchase. This is less than the taxes collected on the other islands in the Turks and Caicos
There are no real estate taxes on your property in the future.

On this basis no other funds will be necessary from the purchaser during the two-year leaseback period.

The developer will determine the appropriate cost associated with the mortgage based on the value of the property you purchase. The developer will reimburse you these costs during the two-year period. Stratos costs (what we call condominium fees in America) will be absorbed by the developer.

A purchaser may obtain financing in their home country or pay cash; regardless the lease back reimbursement is based on the previously described mortgage format.

At the end of the two-year leaseback period, the unit is returned to the owner to be used totally at the discretion of the owner.
During the lease back period there will be a defined period of personal use for the owner of up to two weeks per year in one-week increments.