Can I rent my scheduled usage time when I’m not using it?
Yes. There is a capital recovery program that allows you to rent your time when you are not using it. Rental income after expenses is credited to the fractional owner’s operating account and can be used to reduce other chargeable expenses. This is an optional condition and must be approved by all co-owners jointly and specifically delineated in the property operating/usage agreement. Contact the operating management company, MVP Property Management LLC for specifics.
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FRACTIONAL OWNERSHIP FREQUENTLY ASKED QUESTIONS
- What is Fractional Ownership?
- What are the benefits of a Fractional Ownership Property?
- What is Mountain Venture Properties LLC?
- How do Mountain Venture's Fractional Properties differ from a timeshare?
- Where are the Fractional Co-Owner Properties Located?
- What will these Co-Ownership accommodations be like?
- What happens if I cannot use my time?
- Who will be able to use my ownership rights?
- Can I rent my scheduled usage time when I'm not using it?
- Who is the development team for Fractional Properties?
- When will these Log Cabins / Homes be available for occupancy?
- What are the purchase prices?
- Are there any additional Fractional Ownership Properties planned beyond this initial development?
- What are the additional costs of ownership and Property Owners' Association dues?
- Can my Fractional Ownership share be resold?
- How can I contact the developer for more information?
- Are pets permitted on a fractional property?
- Can a Fractional Property be designated as "Pet Friendly"?
