Fractional ownership: Relais Saint-Louis

Rentals in Paris has recently met D. Andrew Sirkin, a recognized expert in fractional ownership and other co-ownership arrangements including shared vacation homes, to discuss the Fractional ownership concept in detail in light of our current project which we are offering to our clients, The Relais Saint-Louis. He outlines the basic principles of fractional ownership which we are providing you for your information.

Fractional ownership is an arrangement where a group of individuals or families co-own and share use of a vacation home or condo. They are often set up by a property owner or developer who outfits the property, creates the legal structure and documents, then offers the fractional interests for sale.

Statistics show that most people only use their vacation home 17-30 days each year. Shared ownership is appealing because it allows people to own only the share of a vacation home that they will use, rather than the entire property. The main benefits of fractional ownership are:

Lower Acquisition Costs
Lower Operating Costs
Eliminate or Diminish Need for Rental Tenants
Diversification of Investment and Destination

The benefits of shared ownership are so compelling that many people who could easily afford their own place are opting for fraction ownership instead. Perhaps even more surprising, many people who already own a vacation home are choosing to sell some fractional interests in it in order to lighten their cost and management load and still use the property just as often as they ever did.

Rentals in Paris is opening up the opportunity for our clients to participate in our new venture, a three story luxury apartment located in a 17th century building on the very exclusive Ile Saint-Louis. This beautiful property will have three bedrooms, three bathrooms, a gourmet kitchen, a gym in the building’s basement, and management present in the building to ensure that all goes well for our owners, during their stay as well as when they are not here. We will be selling four week fractional ownership shares of the luxury Paris pied-a-terre, and we already have more detailed information and photos available for interested investors.

Please feel free to email us at: coopergl@gmail.com .