Are there advantages to owning in a Cooperative vs. other forms of equity?
• You actually have equity in the entire resort. • The rental pool can not only pay for your investment but it can earn you extra income. • Substantial tax savings since the resort is taxed as a commercial entity and you only pay a share of that. • Many restrictions you see with other forms of ownership do not apply. For example if you choose to replace your cabin you can, even if it sits in the shoreline setback area. • Most maintenance is taken care of. • When your stay at the resort is finished you can have your cabin cleaned for a small fee. • Local Government is becoming very restrictive on other forms of resort style planned unit developments. As a result Resort Cooperatives are becoming the only viable way to offer ownership in this type of property. How is a Cooperative different from other forms of ownership? With Co-op ownership you actually become a shareholder in the company which owns the resort. The instruments that gives you exclusive use of your cabin or lot are a stock
