FREQUENTLY ASKED QUESTIONS Why co-ownership or fractional interest instead of entire home or apartment?
• You own an interest in an appreciating asset. • More cost effective. • You own a fractional share in the property, not just a right to use. • The Owners Association (not the individual owner) is responsible for French Utilities, Taxes and management costs. What is a vacation fractional ownership? A group of individuals or families buy a vacation property together and share the cost and use of the property. A detailed agreement allocates usage rights, costs and responsibilities among the co-owners. Gerard Benton properties are owned by a French SCI (real estate holding entity) which in turn is owned by a US non-profit Owners Association. The Gerard Benton ownership system is designed for US residents. Owners from other countries are permitted to own shares through a personal US entity created for the purpose. How many owners will be involved in each property? There will be a maximum of 13 fractional co-owners for each house or apartment. This is kept small to simplify management and d
