Fractional Property Regulation
Perhaps you are thinking that fractional sounds an awful lot like the timeshare boom of the 1980s- a concept that continues to be popular with many legitimate operators and satisfied customers but one that is mostly remembered for dubious dealings. It would be foolish not to draw parallels but fractional differs in that you can (dependent on the model selected) own a freehold share in the property or receive interest and return on part or all of your initial deposit, fractionals also tend to be top tier properties with reasonable fractional splits.
“It is almost inevitable that when offered something glitzy with a fantasy element that people fail to seek the safeguards they should and simply regard lawyers & accountants urging caution as being spoilsports - especially when it relates to exotic properties in far away places” Warns Jonathan T R Silverman of law firm Silverman Sherliker LLP (www.silvermansherliker.co.uk)
One thing that certainly ‘killed’ time-share for the man in the street was a lack of regulation in the industry and with too many consumers failing to heed (or even seek out) the advice of lawyers such as Silverman. Keen to avoid similar issues The Fractional and Shared Ownership Trade Association is being established to encourage and assist the sustained and responsible growth of the Fractional and Shared Ownership industry in Europe.
A number of companies are already committed to the FSOTA and delegates recently completed their second meeting which by all reports was well-attended and a great success.
Membership of the Association is open to businesses which are directly involved in fractional and shared ownership and which adhere to the Rules of the Association and its Code of Conduct.
In order to uphold the standards of the Association and to ensure compliance with those standards and the responsibilities of membership, prospective members are subject to an approval process as stipulated by the Board of the Association.
Articles
Any:
An Introduction to Fractionals
Art:
Fractional art donations prove charity starts at home
Handbags:
25 questions to ask about fractional handbag clubs
Boats & Yachts:
25 questions to ask a fractional boat operator
Fractional Boats in New Zealand
Pushing the (fractional) boat out
Boats & yachts- what's on offer?
Fractionalize This
Classic Cars:
25 questions to ask a fractional car club
Why opt for a 'fractional' classic car?
Classic Car Club Feature
Getting the most out of your fractional ownership experience
Why Not Rent?
You've Always Loved Cars?
Fractional Life hits Le Mans
Destination Clubs:
Lifestyle Asset Group: the best of both worlds
Relationship Selling to Todays Affluent Fractional Clientele
Mixed Use: Avoiding a mix up
Focus on the Registry Collection
DCs- Variety is the spice of (fractional) life
Fractional Property Glossary
Aspirational vs. Inspirational Media
Member Strategies For Lean Times
Brand Maintenance During An Implosion
What Goes Up Must Come Down...
Savings through Foreign Exchange
Fractional Finance Solutions
Destination Clubs- an alternative?
Fractional Ownership Heads to Europe
Private Residence Club Perspective Part 1
Quintess
Ultimate Resort
Calistoga Ranch
The Weybridge Collection
The Villas at The Grand del Mar
The Solstice Collection
Vacation Visions: Exceptional Exterior and Interior Designs of Residence and Destination Clubs
Why the Boomers will change second home ownership in the US
Middle East Leisure Real Estate Market Booming
Bear Mountain Resort - A View from Paradise
New Association For Fractional Ownership
The New Vacation: A Time to Retune Re-Connect
Consultancy:
Profit Opportunities in Luxury Fractionals - A Summary
Exchange:
The Golden Rules of Fractionals
Racehorses:
A Horse by The Name of Fractional Life
Running Down a Dream
Corporate Hospitality:
So Long to the Suite Life
Aircraft & Jets:
25 questions to ask a fractional jet operator
Top tips for fractional jet travel
Jet Republic pilot applications reach new heights
Focus on Fractional Jet Europe
A closer look at fractional aviation
CoGoJets introduces jetpooling
Joining the jet set
Fly for a fraction of the cost
Flying without Wings
Can't afford that jet? Rent it
How Private Aviation Works
Legal Services:
Fractional ownership: is it timeshare in disguise?
Private Clubs:
A tale of two cities - Private residence clubs in San Francisco and London
The Italian Job: interview with Byrne Murphy of Palazzo Tornabuoni
Mixed Use: Avoiding a mix up
PRCs with added benefits
Northstars 'stay and play ' option
Private Residence Club Perspective
Fractional Property Glossary
What are the ingredients for the ideal Private Residence Club?
Savings through Foreign Exchange
Fractional Finance Solutions
Real estate:
Fractional Life in Ireland: For peat's sake!
Fractional Summit USA 2010- Speaker biographies
25 questions to ask about fractional property ownership
Fractional Summit Speaker Biographies
Fractional Property - The New Normal
Gay Community Embraces Fractional Property
Fractional Real Estate Investment Or Lifestyle Purchase?
Fractional Sales: Square Pegs In Round Holes?
Fractional Real Estate Commissions
Urban Fractionals
European Mixed-Use Resort Development in 2009
Mixed Use: Avoiding a mix up
Property- the legal issues
Fractional Holiday Getaways
Fractionals-Recession beaters?
State of fractionals
Fractional Property Glossary
Savings through Foreign Exchange
Fractional Finance Solutions
Fractional Property- the legal issues
Fractional Property Regulation
Fractional Ownership? We'll have a piece
Keep The Door Open
Why Fractional Property?
The Benefits of Fractional Ownership in Private Residence Clubs
Middle East Leisure Real Estate Market Booming
New Association For Fractional Ownership
Saving Homes, Homeowners and Banks Through Fractional Ownership?
Lifestyle:
Savings through Foreign Exchange
Convergence in the Fractional marketplace
The stock market for songwriters
Supercars:
25+ questions to ask a fractional car club
Live The High Life In A Fractional Supercar
Why Individuals Should Join A Supercar Club
Why opt for a 'fractional' supercar?
Focus on Marque II
Eco-road-warriors- How will the supercar club line-up of the future change?
Fresh metal- What's new on the supercar front?
So Why Not Buy?
You've Always Loved Cars?
Supercars- The cars of 2006/7
Let's Take The Lamborghini
Fractional Life hits Le Mans
Ascari Racing Festival Weekend
Fractional Supercars at the MPH Show
GROUP20 The SuperCar Club announce their 2007 Road Show in aid of Children In Need
New supercar club with green credentials
Luxury Motorhomes:
Denver RV show ready to roll
Wine & Spirits:
Wine
