Residential Golf Memberships are transferrable with the sale of a Cuscowilla property. If the Membership value of a property is less than $40,000 then the new owner must pay a Membership upgrade fee to The Golf Club at Cuscowilla no later than the closing date. If the new owner does not pay the Membership upgrade fee then the Membership value assigned to the property will be reduced to zero. The owner may purchase a Golf Membership at any time by paying the then current initiation fee providing the Golf Club is accepting new Members at that time. Once the Membership is upgraded the Membership may be activated as a Resident Social or Full Golf.