BASECAMP TANZANIA INVESTMENT

Both! Unique to this location is that the homeowners not only become owners of the holiday home of their choice but also become co-owners of the entire park! In Tanzania, registering a home in the local land register represents a heavy administrative burden for every homeowner. That’s why we chose a different model. Each buyer receives a share in the entire resort in proportion to his investment. As a buyer/investor, you are therefore co-owner of all land and buildings of this resort. (More details about this can be explained in a 1-on-1 conversation with our advisors).

Basecamp Tanzania Properties hires Basecamp Tanzania Operations to manage the resort. Operations takes care of the park management, promoting the resort and optimizing occupancy and revenue, customer contact, check -in, manning the reception and conducting the administration, cleaning of the houses and small maintenance.

Basecamp Operations retains a 25% rental commission from the rental income. In addition, Properties pays yearly a fixed fee of €6000 for park management and €250 per bedroom for small maintenance. Lastly, the park is also obliged to arrange for good insurance coverage for all buildings and liability.

Next to the profit coming directly from the rental of the holiday houses, there is more income to expect; Operations rents the restaurant and other facilities from Properties, and pays for that a 10% fee over the revenue generated through the use of these facilities (F&B, meeting rooms, wellness facilities, etc).

Each month you will receive an overview of the rental income of the Tiny Houses from the previous month. An advance over the dividends will be paid out monthly.

You can use your holiday home for an unlimited time in low- and mid season. In high season there is a maximum of 10 nights. We do not charge a nightly rate for personal use. However, the usage costs for water, electricity, WiFi and cleaning will be charged (as with every user).

You can advertise your house, but bookings must be processed through Basecamp’s central booking system. Basecamp’s regular prices always apply, but guests introduced by the owner receive a 10% discount.

Basecamp Operations ensures that you don’t have to worry about daily maintenance of your house.: they fix minor technical problems (such as a clogged drain or a broken lightbulb) are immediately resolved and broken/missing small inventory (such as tableware or bed linen) are immediately replaced and do not prevent the rental of your Tiny House. Repairs and equipment up to €500 are covered under this service. Larger repairs and/or costs are at the expense of the owners of the park, but will always be discussed up front.

From a tax point of view, you buy shares. This is property in box 3 (if you buy as a private person), meaning that the proceeds from this are not taxed as wages or profit, so this is very favorable! Given that everyone’s personal tax situation is different, it is always a good idea to obtain further information from your own accountant/tax specialist.

Yes, that’s possible at any time. Basecamp has a pre-emptive right, so the Owner Certificates must first be offered to Basecamp. As the owner, you can determine the price. If Basecamp indicates that it is not interested, it may be sold to a third party for an equal or higher price.