Venn Homesuite: Fractional Ownership

Buying a property requires huge capital, especially for people who would like to own a vacation home but it’s out of the budget, here is where fractional ownership provides a system to lower the cost significantly.

Fractional ownership can be called a co-ownership arrangement where costs and benefits will be shared among the participants depending on the percentage of the asset the co-owner each owns.
This system is where fractional owners are only responsible to buy a portion of the asset, this ownership model tends to apply to real estate whose price would otherwise be too pricey for fractional owners if were to individually purchase the whole ownership.

Do keep in mind not to confuse timeshare with fractional ownership as only some timeshare allows the participant to actually become a percentage owner of a vacation property proportional to the usage rights purchased, normally a huge corporation owns the property and sells usage rights to people whom purchase it.

In fractional ownership, participants comes into an ownership agreement where all cost and benefits of property ownership are shared equally. The terms of this agreement vary but more often owners retain the services of a management company that arranges for regular maintenance of the property in addition to schedule when each owner will have use of the property.

Some may consider to purchase a fractional interest to own a second home where some fractional ownership setup known as private residence clubs permit those with ownership interest gain access to a network of communally owned properties such as destination clubs and condo hotels.

Depending on agreement, the co-owner are able to grant the access as well as usage right to friends or family or rent it out. The percentage owned dictates the time permitted for them to spend at the property along with how much of say they have in decision made as a group.

Venn Group a property developer group aims to build a hotel named Venn Homesuite in Penang Malaysia through fractional ownership. This would permit general public to be one of the shareholder of the hotel and earn a similar profit as the property developer. Upon completion of the hotel in 2026, the investors will be entitled to complimentary stay, yearly dividends, and many more.

To learn more about Venn Homesuite, visit https://www.vennhomesuite.com/.