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Own Quarters, England
The Concept
A bit of a twist on the fractional concept. This is
not a large resort or condo  complex.
In England, the maximum number of people who can own
a property is four, and quarter-freehold ownership
is becoming popular. Each owner has a fourth of the
freehold and is bound by an owners' agreement with
the other three owners.
Own Quarters has individual properties in England
(and soon in other European countries) and has established
a format for four people to each purchase a ¼
share in that property. Each owner has a freehold
interest and receives a deed. Own Quarters looks after
the house, pays the bills and offers concierge services.
As an owner, you just show up and enjoy your vacation.
The company sets up a "Club of Four" - four
individual families each owning a quarter of the freehold.
They occupy the house under an Owner's Declaration
of Trust. This Trust Agreement also covers decision-making
issues and resale procedure. House Rules cover how
the property is treated. The Management Agreement
puts in place the management of the property by Owners
Quarters.
 
Prime Reasons to
Consider a "Club of Four" Arrangement
Own Quarters is not a time-share organization. Own
Quarters' job is to put together a 'Club of
Four' and to provide a fully serviced and
maintained cottage or flat.
 Each
house and cottage is furnished under the direction
of an experienced interior decorator and meticulously
appointed with hundreds of items ranging from televisions
to toasters.
Each owner has a personal lockable
storage area that allows owners to keep their personal
items at the property. The management services ensure
that the house is clean and ready for each owner -
so that every stay is a great one.
Own Quarters provides on-the-spot
concierge services - to fix any household problem
and to recommend a range of local services and dining
and entertainment venues.
Here's a summary of the advantages
of the Own Quarters' structure:
-
 Cut
the costs of ownership
- A better location
- A larger property - more space
for friends and family
- All-season use
- Freehold ownership
- A significant property stake in
a sought-after location
- Three-quarters of the property's
running costs paid by other people
- The Own Quarters brand makes it
easy to re-sell
Currently available is a charming
home in Salcombe. This property becomes surprisingly
affordable with 75% of the costs covered by other
owners. Prices start at £115,000 (approx. $205,000
U.S. dollars). Financing available.
Interested in learning more about
this unique opportunity? Please feel free to ask us
specific questions or request a detailed data sheet.
There is no charge and no obligation for these materials.
We will respond within 24 hours (usually much sooner).
Contact Henry Perfilio at Henry@condohotelcenter.com
or call (843) 685-9281.
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