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Frequently asked questions about Fractional Ownership:
Q: How does a Fractional Ownership work?
A: Fractional Ownership is the legal sharing of real estate among
more than 1 owner. The title is divided so that each owner has an equal
share of the property. The shares can be sold or mortgaged without
affecting the other owners. Legal arrangements are specific to when the
time of year each owner will get to use the property. These
arrangements will outline how the property is to be managed and what
cost the owners will share.
Q: What is the difference between a Timeshare and a Fractional
Ownership?
A: As an investment, a bank or mortgage company will look at
timeshares as something that depreciates. On the other hand
Fractional Ownerships purchases are treated as a second home. Fractionals are considered appreciating assets.
Q: What fraction of High Mesa Club can I own.
A: Any owner can own more than 1 share if they choose to do so.
There is a maximum of 10 shares at 5 weeks a share.
Q: If I own one tenth of High Mesa Club, how often do I get to use it?
A: The one tenth share allows each owner to 5 weeks use of the
property that can be booked for a maximum stay of 2 weeks at a time.
The 5 weeks will be picked on a rational basis among the owners and
Management Company.
Q: How do I become an owner at High Mesa Club?
A: Please contact Mike or Linda Zawacki at 913-314-0202 or
913-314-0208 or email us at lzawacki @hotmail.com. |