FAQ's
- You own a percentage of a holiday home instead of the entire property.
- Maintenance and taxes are pro-rated according to ownership %.
- Your shares allow you to use the property according to your ownership model.
Fractional ownership is a method of ownership where multiple investors hold shares or portions of an asset.
Every property is held in a Spanish company. You will own a percentage of that company.
Unlike timeshares, where individuals buy the right to use a property for a specific period each year, fractional ownership involves actual ownership of a portion of the asset. Traditional ownership means one person or entity owns the entire asset.
Fractional ownership in real estate is structured as a Spanish S.L. (Sociedad Limitada). The setup process is carried out by a certified Spanish notary and a certified Spanish accountant, ensuring it is easy and transparent.
Costs include the initial purchase price, ongoing maintenance fees, management fees, insurance, and any other operational expenses. These costs are shared according to ownership.
Tax implications vary by jurisdiction but may include property taxes, income taxes on rental income, and capital gains taxes upon sale. Each owner is responsible for their portion of these taxes. A certified Spanish accountant is here to assist with any Questions.
Unfortunately, you cannot claim residency or inscribe yourself as a resident in a fractionally owned property.
Fractional ownership allows individuals to own a percentage of a high-value property at a fraction of the cost. It also provides access to luxury properties and reduces maintenance and management cost.
Cost: Cost are pro-rated according to ownership.
High-End, Well-Furnished Properties: Our fractional ownership properties come fully equipped with high-speed internet, and modern furnishings. Located in secure, gated residences with pools and gardens, these properties are in prime locations, free from noisy distractions like trains or highways.
- Desirable locations: With fractional ownership you can own a piece of paradise in the most desirable locations.
Quality time: Your vacation home is always ready for you. No need to worry about maintenance. Your property will be in top shape when you arrive.
- Resale potential: As an owner you can sell your shares at any time.
Professional management: Your property will be managed by Slice of Paradise, ensuring efficient operation, maintenance, and customer service. We take care of everything!
Slice of Paradise’s management company will ensure the proper maintenance arrangements for the property.
A provision is included for property maintenance as per the operating agreement. However, owners are responsible for the property during their ownership. In the event of severe damages, the owner will be responsible for the repairs.
An accounting service is will provide support regarding the handling of financial and legal obligations.
Yes, we have important guidelines in the operating agreement that all owners need to follow.
Slice of Paradise will be happy to introduce you to 3rd party financing companies who may be able to finance up to 100% of the purchase price.
When purchasing shares in the company, you’ll sign both a purchase agreement and an operating agreement.
The operating agreement outlines the rights and responsibilities of each shareholder, including usage rights, maintenance responsibilities.
You can sell your shares at any time.
Depending on the rules of the building, owners may have the option to rent out their allotted time when they’re not using the property themselves.
No, Fractional ownership is NOT a time-share. While timeshares typically grant the right to use a property for a specific period each year, fractional ownership provides actual ownership of a portion of the property.
Yes, there is a qualification process in place to ensure that all co-owners will be happy with their investment.
Please contact one of our friendly customer service agents. Our properties sell quickly, and while we try to keep the site updated, some slices might not be available.