| What happens if I want a week that is not mine? You can try to swap a week with one of the other three owners, or you book the week through one of the other owners at a 10% discount (agreed in the contract). This will give you an extra week that you can let to offset the cost. What happens if my partners don't bother to get bookings as they can easily afford their mortgage repayments?This will not be a problem as the fixed costs like electric, water, community, insurance, repairs and maintenance, house tax and garbage will be equally shared between the four partners and will come out of the pool fund you pay into each year. If I want to sell my share, what do I do?You are free to sell your share at any time. However you must offer it to your three co-owners first. If they do not wish to buy it, then you may sell it to anyone at the same price you offered it to your co-owners. If I have a friend who wants to book a week that isn't mine, what do I do?If the owner who has been assigned that week is not using it, he will rent it, less 10% discount for you, or as agreed in the contract. Can I buy more than one quarter?Yes, you may purchase more quarters to allow you and your family more frequent use of the property. You will have the same rights as the number of quarters you buy (for example, for two quarters, you will have 26 weeks per year allocated to you). As a quarter owner, will I have exclusive use of the property?Yes, the property will be exclusively yours to use for your assigned weeks. The housekeepers completely clean the property and prepare it for each owner's arrival. You may arrive at any time after the scheduled arrival time. Many owners will skip the weekdays and arrive for extended weekends only. How are the weeks divided?Remember, you are one of the four owners of this property. If we name the four owners as A, B, C and D,
you can have the following arrangement in the terms of splitting the 52 weeks in a year:
| A |
B |
C |
D |
| 1 - 2 |
3 - 4 |
5 - 6 |
7 - 8 |
| 9 - 10 |
11 - 12 |
13 - 14 |
15 - 16 |
| 17 - 18 |
19 - 20 |
21 - 22 |
23 - 24 |
| 25 - 26 |
27 - 28 |
29 - 30 |
31 - 32 |
| 33 - 34 |
35 - 36 |
37 - 38 |
39 - 40 |
| 41 - 42 |
43 - 44 |
45 - 46 |
47 - 48 |
| 49 |
50 |
51 |
52 |
No, the bank will only accept one term for all of you. You will have separate mortgages, but all four of them are identical, regarding both the monthly repayments and the number of years. We are trying to match the four owners in the same age group. Who takes care of cleaning the property?We can suggest a contact with a local cleaning agent that will take care of all aspects of cleaning and maintenance. You can also have telephone numbers to ring for immediate assistance. Of course, this is entirely up to you, as you and the other owners can choose any cleaning personnel you wish. New questionNew answer | 