Investors FAQS
- What is fractional ownership?
- When will each owner use the property?
- How will the co-owned property and co-owner group be managed?
For a yearly fee the maintenance and bills are taken care of by a management company. They will also be in charge of administering the usage rights. A detailed and legally-binding co-ownership agreement allocates usage rights, costs and responsibilities amongst the co-owners. The agreement will also clearly lay out the rules for resale, gifts and inheritances of fractional shares to avoid any logistical difficulties.
- What if I can't or don't want to stay in my property during my usage periods?
- What if something is broken, like a TV or an oven; who pays?
- Can I sell my fractional interest?
- How is fractional ownership different to timeshare?
- Can I become a Sub Agent for Property Packaged?
- How do I contact Property Packaged regarding these developments?
- What's the catch with these developments and the perfect deal?
