What are the Operating Costs associated with fractional ownership?
• In addition to the initial acquisition cost, you will share in the ongoing Operating Expenses including the utilities, property insurance, all maintenance, general household and cleaning supplies, toiletries, fireplace logs, interim housekeeping, deep cleaning, repairs, the replacement of all furnishings as needed, security service, bookkeeping, and the Property Managers fee. All expenses are passed through to each Co-Owner on an equal and proportionate basis without markup by Fractional Villas. The property manager works on a fixed annual fee, without a conflict of interest. Only optional concierge services will be billed directly to any owner requesting them on an a la carte basis.
