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What is fractional property ownership? |
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INFORMATION SUPPLIED BY
TEL (011) 453 4579; FAX: 0866 18 50 29; E-MAIL:antoon@ssbe.co.za
- It is not timeshare – you own the property, but at a fraction of the cost;
- You own the property together with a group of up to 13 people;
- This gives you four weeks (for 13 fractions) spread over the year to use your house, meaning better usage to investment ratio;
- It is possible to rent your weeks out;
- The house can be managed by a management company, taking care of the administration, housekeeping, maintenance, rentals, re-sales, furnishing, décor , legal and monetary matters;
- This means hassle free holidaying for you in your holiday home;
- This is an excellent investment, as you can sell your shares any time you want at the going rate.
Don’t delay – sign up today.
FRACTIONAL OR CO-OWNERSHIP? THE CHOICE IS YOURS!
Many a time have we heard that hindsight is a perfect science. What if we can have insight in the hindsight?
A good possibility, that in years to come, many investors would possibly say exactly this regarding fractional ownership. But why fractional ownership?
The answer lies in the fact that fractional ownership has over the last year become a very popular method which enables buyers and investors, young and old to purchase pristine investment opportunities at a fraction of the price and has vested itself as a trend setter for many a year to come.
This new concept of property "ownership" has the effect of leisure property now being made available at affordable prices. The once dreamt of investment opportunity has through this vehicle become a reality and has taken the market by storm.
As a fractional owner there are many advantages which include:
- Expedient transfer of shares;
- An affordable transfer process;
- Share certificates are obtained much sooner than having to go through the lengthy registration process in the relevant Deeds Office;
- Clear and concise Use Agreements make conduct and management of the fractional owner a hassle free investment;
- Rental pools have the potential to generate additional income;
- Unlock the true financial potential of your pristine property;
- Costs of day to day running and maintenance are shared equally with co-fractional owners.
- Fractional owners are no longer tied down to one investment opportunity but can now extend their property portfolio as far as the imagination, and budget, can stretch!
As a potential fractional owner and through proper legal guidance an alternative is available to fractional ownership known as co-ownership. This option may be exercised should the relevant investment opportunity make provision therefore. This vehicle has a similar effect with the major difference being that the Purchaser is given title to an undivided share in land with all the advantages of fractional ownership attached thereto.
So, don’t delay…identify your dream investment opportunities and secure your rightful place in the sun!!!!
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