Macdonald Realty Kelowna - Waterfront Homes Kelowna- Okanagan Kelowna Real Estate - Homes For Sale

WHAT IS

FRACTIONALIZED

*OWNERSHIP*

???????

Owning Fractionalized properties are much cheaper than owning "full ownership" properties!

I.e. A property that costs $1 million to buy outright, say, in a hotel zone, may only cost $157,000 to own 1/12 ownership and experience all the amenities and lifestyle that "full ownership" offer. The difference: You won't be there year round, which means you won't be paying for the property all year round!

"Fractionalized ownership on freehold properties" are NOT TIMESHARES!

"Fractionalized ownership on freehold properties means you actually own a portion of the property, and the other portions are owned by other owners.

Example: Let's say you own 1/12 of the property. That means that property is registered in the land title office as 12 X 1/12 interests (FREEHOLD) and available to buy or sell  from other owners.

The use of fractionalized ownership (In Example of THE ROYAL PRIVATE RESIDENCE CLUB - located at 1288 Water St, Kelowna, BC) is very popular and allows people to own a WATER FRONT LIFE STYLE! You let the management company located on site know when you are going to be there. You check in as a guest, or owner, and receive all the benefits of the Grand Hotel and luxury that the site and location has to offer. Stay in your portion of time, usually a week at a time and enjoy all the waterfront features, views, pools, gym room, and even room service!

There's also other fractionalized ownership available in golf courses, ski hills and more!

If your family or business schedule does not allow you to use or visit your  property during the various available 'frationialized' time tables in the calendar year, no problem! You can elect to put your 1/12 ownership interest OR "a portion of the rotating schedule" of your usage time, into a "rental pool" in which a property management company then can rent the  condo suite out, and collect a portion of the rental for you! This of course is up to you whether or not you want the suite rented or not. You can also give your friends or relatives the keys, and let them enjoy! (Of course, they would have to check in at the hotel.)

This rental pool is professionally managed at the hotel on site, for vacationers and owners alike, so as to accommodate anyone wishing to rent, OR use the hotel facilities.

"Fractionalized ownership on freehold properties"-are becoming very popular due to the high prices of waterfront luxury lcoations throughout North America (Including Kelowna)!

The idea of "fractionalized ownership is likely the only way MANY BUYERS WILL EVER BE ABLE TO AFFORD WATERFRONT PROPERTY!

"Fractionalized ownership on freehold properties" have been registered in many different increments- depending on the development:

*You can own 100% (`12/12) of the title if you can afford it, or a portion there of. (ie - 1/12, 1/6, 1/3, 1/2. 2/3, 3/4, etc.)

This way, people like your selves are able to own a "seasonal" lifestyle in a waterfront area of beautiful *KELOWNA* AND STILL AFFORD TO TELL  ABOUT IT!