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CO-OWNERSHIP - HOW IT WORKS

NOT A TIMESHARE:  This is NOT a timeshare; you are an actual owner of the Penthouse, the Golf Cart, and all the toys that come with it. We curate the group of partners that you own the assets with. This makes reselling your ownership interest much easier and more profitable than a timeshare. Also, Partners take better care of the assets since they own them.  

USAGE TERMS:  

"Prime Time" = May, June, July, August

"Shoulder Time" = March, April, September, October

"Off-Season Time" = January, February, November, December

USAGE:  Your ownership entitles you to a certain amount of usage each year. The amount of usage is determined by how many partners there are.  For example: 6 partners = 1/6 of the year or 60 days of usage. Every November Partners host an annual zoom meeting to determine the schedule for the upcoming year's prime months. Shoulder and Off-season time can be reserved at any time its available. Partners keep an internal calendar and may trade and reserve time as needed. 

 

PURCHASE PRICE:  The purchase price is a one time transaction to acquire fractional ownership of the assets. You may sell your ownership at any time and all rights and usage transfers to the new owner.  

ADDITIONAL FEES: 

1. Partners pay an annual "SIM" fee. This covers:

     - Slip lease for the upcoming year

     - Insurance on the Penthouse and toys

     - Maintenance, if needed from time to time.

These proceeds are kept and managed by the Partners and may be internally adjusted from year to year to match needs. 

2. Cleaning fee. To make staying on your Penthouse clean, enjoyable, and hassle-free, when you are done with your stay there is no need to clean it. Just like a hotel, you can leave and a cleaning crew will come clean it so its ready for the next Partner. Cleaning fee will match local market rate.

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