Fractional ownership is basically a percentage share of an expensive asset. The title or deed is legally divided into shares and sold to individual owners. Typically there is a management company that manages the assets on behalf of the individual owners.
This form of Ownership allows for much of the flexibility and usage benefits offered in timeshare, however, the essential difference between the two is that in fractional ownership the buyer owns part of the title, whereas in a timeshare the buyer owns units of time.
Mezzanine Structure: This type of fractional ownership involves creating a company that owns the property then allowing multiple owners or investors to own individual shares in that company. The benefit of this structure is that it allows transfer of shares without the need to reflect changes on the title or deed.
Private Residence Club: These luxury Residence Clubs provide the services and amenities of five star hotels because most are operated by well-respected hospitality companies that are renown worldwide for their world-class resorts. Additionally, you don’t have to worry about maintenance, housekeeping or repairs, because everything is included in the annual price and taken care of by the management company.
Great Example: The Palms Private Residence Club in Playa Flamingo offers 32 two-story ocean side residences. Club members receive deeded ownership of real estate; high-end residence architecture and interior design; and unlimited, flexible usage in accordance with reservation privileges that have been tailored to the seasonality of the market and the typical usage patterns of the intended buyers.
Please contact me for further information or more great options for Fractional Ownership in Costa Rica:
Piper@2CostaRicaRealEstate.com
506.8347.2334
1-800-578-1773
As a Costa Rica Real Estate Expert I agree that involves creating a company that owns the property then allowing multiple owners or investors to own individual shares in that company.
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