Management

• Property Management
All properties sold using our fractional model are fully managed on behalf of the fractional owners. We advise the management company of the service required and the management company will provide a yearly cost. This is then divided amongst the fractional owners and forms part of the annual ongoing fees that are incorporated within the fractional sales contract. The fractional contract will also provide for the management company to collect monies for a dilapidation fund, a furniture replacement fund and payment for the annual bills that will be calculated by ourselves with the developer and the management company and paid into a bank account opened on behalf of the fractional owners.


• Arrival Clean
An owner informs the management company that they or a guest of theirs will be using their property in their allocated week. The management company undertake an arrival clean that includes making up the beds, providing the towels, cleaning the house and putting the garden furniture in place. This can also include collecting the owners from the airport and stocking the fridges with food and drink.


• Occupation Clean
On some properties the management company may provide for an occupation clean which allows for a maid to come into the property each day to clean and change the lines when required.


• Departure Clean
The management company undertake the departure clean that includes removal of all the bed linens and bath towels for laundry, complete clean of the house and if no other owner is arriving the safe storage of the garden furniture. In most cases the departure and arrival clean takes place at the same time especially in the peak seasons.


• Inventory Taken
When the management company attend the property an inventory of the items and furniture is checked. If the house has been used and there is damage or loss of a an item this will be reported to the client who’s occupancy week the damage or loss took place in as its their responsibility to pay for the replacement. If the property is rented to third parties the damage and loss is still the responsibility of the owner whos occupancy week it was.


• Repairs
The management company are the first point of call for the owners or people they have rented to in case there are emergency repairs to be carried out. The management company will be able to access various trades and undertake any repairs swiftly on behalf of the fractional owners. Depending on what the repair was for will denote whether it is paid by an individual owner or from the dilapidations fund.


• Annual Bills
An estimate of the annual bills will be calculated by ourselves and the management company and divided amongst the fractional owners. This cost forms part of the fractional ownership contract and is paid to the management company. The management company process and pay these bills and supply a schedule of income and expenditure. In some cases meter readings will be taken at the beginning and end of an owners week and the costs calculated and paid to the management company.


• Dilapidation Fund
An amount of money is collected from each of the fractional owners to build a capital reserve for repairs and redecoration of the home as it becomes necessary.


• Furniture Replacement Fund
An amount of money collected from each of the fractional owners to build a capital reserve to replace worn out furniture. Furniture damaged or broken by way of neglect is the responsibility of the owner who's usage week the damage took place in.


• Scheduled maintenance weeks
You will have seen from the usage calendars that we provide scheduled maintenance weeks to allow for repairs and maintenance to take place outside of the usage times for the fractional owners. It may be that in the first few years there is little to do but the dilapidation fund allows for the accumulation of money to allow for the redecoration of the property and the furniture replacement fund allows for any furniture that will need replacing due to wear and tear.