Fractional Ownership is now here in Hawaii!
What if you could...
Own what you use!
Purchase Homes and Condos for
a FRACTION of the cost!
Never have to book a rental again!
Fractionals are the new wave...
Paddle out to meet
The wave of the future,
Don't wait for it to come to shore!
Want to hear more? Call TODAY!


What is Fractional Ownership?

Fractional Ownership is the BEST solution to second home ownership. You own one sixth to one half of a property with all rights of usage. Fractional Ownership consists of owning an ?Undivided fractional fee-simple interest? in a specific property. You are buying your vacation home or condo in partnership with other owners who share the cost and benefits with you.




Fractionals are NOT timeshare.

Timeshare ownership does not always include land and in the State of Hawaii is defined as less than 60 days of Ownership.




Purchase only what you will use and enjoy!

Most fractionals are 60 days or more ~ just the right amount of time for your Vacation Home. Use what you own ~ most people who own second homes only use them 6-8 weeks per year.

Fractional vacation homes have the appeal of defraying costs by sharing them with others as

Owners share all expenses and uses according to their share or fraction of ownership usage*



Just the Basics...
________________________________________
HAWAII FRACTIONAL OWNERSHIP GUIDELINES:
By Hawaii Law, all fractional ownership opportunities must be a minimum of 60 consecutive days annually. This ownership is for a specific home or condo unit and a specific timeframe.
________________________________________
ANNUAL COSTS - Maintenance and other fees:
Each fractional property is unique in its set-up and fee provisions and will vary depending on the preferences of the developer. However, from what I have seen for fractional condos and homes offered for 60 days annually, the average a fractional owner will pay approximately $4500.00 annually. This annual fee will generally cover: interior contents insurance, taxes, condo complex maintenance fees (water, trash, exterior insurance and care, common area maintenance), utilities (cable, internet, electric & air conditioning if available), a contribution to a reserve account for interior property care, management company fees (accounting, cleaning, and inventory between owner usage), and in some instances a vehicle for owner usage. Fees will vary depending on what the Developer has set up as well as future usage that may or may not be determinable prior to ownership. All fees will be disclosed during Escrow and are subject to change as defined by ownership documents.
________________________________________
RULES & REGULATIONS:
All condominiums will have House Rules, Covenants, Conditions, & Restrictions. Each fractional, home or condo, will also have a specific set of guidelines, rules & regulations, as well as Covenants, Conditions, & Restrictions. These elements are there to ensure the comfort and happiness of all owners and cover guidelines for usage, reserve accounts, pets, smoking, general care, purchases, etc. In most cases, all homeowners will have to vote unanimously to change or alter current restrictions or to implement new ones as needed.
________________________________________
REVIEW OF DOCUMENTS:
Due to the confidential nature and cost of creating fractional shares and documents, all documents will be provided during Escrow and Buyers will have a specific review period in which they may accept or decline to purchase. These documents will include those specific to the fractional ownership as well as all documents pertaining to the specific condo complex and most likely the home subdivision.
________________________________________
FINANCING:
Financing is rare for these properties, but may available through a few specialized Lenders.
I recommend contacting Judy Kempf for additional information regarding the possibility of financing your fractional purchase:
Judy Kempf, CMPS
Certified Mortgage Planning Specialist
Islander Pacific Mortgage

Direct: 808-346-2226
E-Mail: jkempf@hawaiiantel.net
________________________________________
RESALE:
Your fractional property may be resold in its entirety as you please. Some ownership guidelines will require that you offer a first right of refusal to other owners of the same property.
________________________________________
More questions? Feel free to call or email at your convenience!