While owning a second home is a luxury that few can afford, 10% of a vacation home might be more in your price range. Through fractional ownership, you can share a home with a larger group of people without actually sharing the space when you go on vacation. Instead, each owner uses the home for a portion of the year.

But how does this work?

Each vacation home is divided in 8 shares, when the number of shares is complete we setup a Limited Liability Company that will buy the property. You will be the owner of 1/8 of this company that will manage the property. As a shareholder are titled to use the property for 45 days per year defined by a rotative calendar each year.

House Rules on a Shared Vacation House

Because only one owner uses the home at a time, scheduling is an important issue for a fractional home. Secondhouse will be responsible for manage all checkins and checkouts and make sure that every owner uses their property on the defined days.

A Rotative Calendar has been established to ensure that the use of the property by Members is equitable. Each Member will be entitled to 3 periods of 15 days per year, that represent 45 days.

How Are Fractional Ownership Expenses Divided?

Operating expenses such as insurance, maintenance, repairs, improvements, utilities and management are divided in proportion to ownership, as a fractional owner you will be responsible for 1/8 (12,5%) of each of these expenses.
Each year Secondhouse will define with the owners an anual budget to face all this expenses and make sure that each member receive their bill.