Steps to Selling a Membership
A membership must be sold through the Club unless transferring it with
the sale of your home.
- If you are not current in the payment of your annual dues,
you
need to pay to the Club before you can sell. The stockholder of record
on April 1 is responsible for payment of the annual dues.
- Call the Membership InfoLine to get on the seller's waiting
list.
When someone interested in buying a membership contacts the pool, you
will be given their phone number.
- Call that buyer to arrange a time and place for the
transfer of funds and certificate.
- If you cannot find your membership certificate, pick up a
transfer form from Membership Records or download it from this web site
(see FAQ). You will need to
sign this form in
front of a Notary and have it notarized. This form is then used in
place of your certificate during the transfer.
- Transfer:
You give the buyer the signed membership certificate. Make sure that
both people named on the front of the certificate have signed the back
of the certificate.
You give the buyer the tennis key or $5.00 to buy a replacement.
You give the buyer your family's pool passes (if you have them).
Get from the buyer $1,200 (plus any pro-rated dues if selling mid pool
season).
- Instruct the buyer to call Membership Records to arrange
pick up
of the new membership certificate and "Membership Package". The buyer
must do this in order to get their name and address in the records and
on the mailing list and to receive their pool passes.
NOTE: If you move before your membership is sold, please remember to
contact the Membership InfoLine with your new address and phone number
so that they can contact you.
When selling your membership, please remember the following:
- Make the buyer aware that they are required to notify
Membership
Records as soon as possible in order to complete the transfer. You are
still the owner of record until the transfer is complete.
- Both of the people named on the front of the membership
certificate MUST sign the back transfer section to legally transfer it
to new owners.
- You MUST pass to the buyer not only the membership
certificate
but also the TENNIS KEY, and your PERMANENT PASSES (if you did not give
them to the pool for keeping).
