The phrase “fractional ownership” is typically used to describe shared ownership of vacation property by people in an arrangement that allocates usage rights based on time. In other words, only one owner will be allowed to use a particular home or apartment at a particular time.

On Fractional Ownership, you own a share of a Limited Liability Company that owns the entire property that is different from Time Shares where the ownership of the property is the developer involved in organizing or operating the property.

Although many people dream of owning a vacation property, most either can’t afford the type of property they want, or reason that they would not use the vacation home often enough to justify the expense.

Fractional ownership provides a solution to these problems by allowing each co-owner to pay only a fraction of the costs and ongoing expenses of vacation homeownership, and share the risks of unforeseen maintenance problems and value depreciation with others.

Of course, in exchange for spreading the costs and risks, the owner gives up some of the usage rights and freedoms of whole ownership. But job and school commitments prevent most people from using a vacation home more than a few weeks or months each year, and some loss of freedom and control is often an acceptable sacrifice for the huge cost savings.

Each co-owner is assigned the exclusive right to use a home during a specified number of days, 45 days if the property is shared by 8 partners.

On the “Operation Agreement” of the ownership, the company defines a rotative calendar between parties to benefit all owners in different seasons. Usage rights on each period are defined by each member and can be extended to family, friends, exchanges, or any combination of these.

Each member is responsible for their share in the vacation house. Operating expenses such as insurance, maintenance, repairs, improvements, utilities, and management are divided in proportion to ownership. Each apartment is fractionated by eight members so each member will be responsible for 12.5% of the total expenses.

Yes, you can sell your shares at any time, Cowners can help you find a new owner putting your property share on the market.

Yes, we need to make sure that the apartment is clean and in perfect conditions each time you use your property. Our automatic system will send a new door locking code each time you book.

No. Members do not pay for use their fractional property on assigned days. However, Members do pay for housekeeping and additional requested services.