Subject
to tiebreaker rules, each owner has an equal right of possession of
their Fractional Villa®. With this system,
each owner is guaranteed a minimum number of weeks of use per year,
assuring them their exclusive use of their property, for as much time as they
would normally need and use a 2nd home, in any given year. However,
owners are not restricted on how often, or how much they
can use their property.
Fractional Villas®
has developed a Priority Reservation System to
achieve this (see example table below). This system allows each owner
the right to use
the property, anytime, subject to its availability. Rather than
utilizing a fixed
schedule of weeks throughout the year, the Priority
Reservation System is designed to allow each owner their desired
schedule, while providing for a tiebreaker rule, should more than one
owner wish to use the property at the same time.
Owners rotate their usage
every week, forever, with each owner receiving a guaranteed right to use
the property every 4 to 12 weeks, depending on the respective number
of co-owners. However, under our unique reservation system, any
owner can use the property, anytime they want. If two or more owners
wish to use the property at the same time, then the Priority
Reservation System
determines which owner has the highest priority for
that specific week.
Note, the table below
illustrates how each owner's Priority Reservation Number progresses from right
to left, in higher priority each week, before starting over again,
forever. In this example, owner #1 is highlighted in red to help
illustrate the
progressive sequence from week to week. The owner number
farthest to the left for any given week, has the highest priority over
all other owner numbers for that week.
But, even if owner #5 has the 4th highest priority (see the second week illustrated
below) for a particular week, and none of the owners with a higher
priority for that week, e.g. #2, #3 or #4 wish to use the property, then
owner #5 may reserve it. In this example, owner #5
trumps the owners with a lower proirity for that specific week, e.g. #6,
#7, #8
and #1.
This system is very
clear, removing any ambiguity or scheduling conflicts. Any
owner can forecast when they will have the absolute highest priority
and plan their schedules accordingly, years in advance. Owners can
even swap weeks with other owners to best fit their
schedules, or combine multiple weeks for longer stays. The
Reservation Concierge manages all reservations for each villa,
assuring a pleasant and well coordinated experience for all of the
owners.
Also,
see our alternate Fixed Monthly Usage System below.
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Fractional
Villas®
Alternate Fixed Monthly Usage System
Certain Fractional
Villas®
utilize another scheduling system, wherein each owner purchases and
receives an absolute exclusive right to an entire month of use.
This system is designed for those that need a longer term, second
home, rather than a short vacation getaway.
"Snowbirds" can escape the cold winter months to their
tropical villa in January or February, while families with children
can escape the heat of the summer to their beach villa, for the entire
month of July or August. Pricing is adjusted based on the
popularity of the season for each villa, assuring a fair and equitable
cost per undivided fractional interest. Owners with greater
flexibility, can purchase the fringe months, such as April or October
at a discount when compared to the cost of the prime
months.
If our Fixed Monthly
Usage System works for you, then you will truly be buying the
"best slice of the pie".
For more information on this system please see Pricing.
Please refer to the specific pricing for each
individual Fractional Villa®
for verification of which system that property utilizes.
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