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 .

Owning YOUR OWN apartment on Ile Saint-Louis

The Île Saint-Louis is one of two natural islands in the Seine river, in Paris (the other natural island is the Île de la Cité). The island is connected to the rest of Paris by bridges to both banks of the river and by the Pont Saint Louis to the Île de la Cité. It was mapped and built during the 17th-century reigns of Henri IV and Louis XIII.

A peaceful oasis of calm in the busy Paris centre, this island only has narrow one-way streets, no métro stations and two bus stops. Most of the island is residential, but there are several restaurants, shops, cafés and ice cream parlours at street level, as well as one large church, Saint-Louis-en-l'Île Church.

Rentals in Paris is in the process of purchasing a beautiful 5 story building which has been the home to French families for centuries, in the heart of this unique and sought after Paris setting. The location is certainly one of the most magical spots in Paris and this unique 'maison de ville' (private Parisian residential building) will enchant all those who have the chance to spend time here.

We are opening up this opportunity to our guests and their friends who might be interested in investing in this luxurious residence. We will provide you with a turn-key approach to owning a piece of this very special setting. Our plan is to provide investors with a share of our Fractional ownership program. The organization of the project's implementation as well as the future building management will all be handled by our Paris team.

We are in the process of putting together our documentation about the project and welcome all inquiries concerning participation.

Looking forward to hearing from you.
Glenn Cooper
http://www.paris-aparts.com/
http://www.rentals-paris.com/