FAQ

Shared ownership is a new second home ownership alternative with some unique fine points. Resort Equities has created the following list of Frequently Asked Questions as a reference for those who may be considering ownership in our portfolio of luxurious residences.

Q: What is fractional ownership?
A: Fractional ownership is a share of a luxury property, sold to individual owners. Owners have a deeded interest (similar to that of their primary home) in a specific residence which can be held in a trust, willed to an heir or sold in the open market. Title is held as Tenants in Common (often referred to as a TIC). In every Lake Tahoe property, Resort Equities offers a 1/8th, undivided interest.

Q: What do the annual dues include?
A: Annual dues remove daily bill-paying obligations from the owners. Bills are paid through Resort Equities Management and the pass-through costs are paid quarterly by owners. In general, the only expense not included in the dues is an end of stay cleaning. Specifically covered in the dues are expanses such as property taxes, utilities, Club memberships (if applicable), a reserve for replacement and Resort Equities management fees.

Q: How many weeks can owners reserve each year?
A: Owners reserve five weeks (one fixed, Primary Week plus four Planned Vacation Weeks) each calendar year. What makes the program truly special is owner access to at least 12 Space Available Weeks for additional bookings throughout the year. For any given residence the Space Available inventory is available exclusively to core owners. There is no additional fee to take advantage of this benefit.

Q: What is the exchange program?
A: Currently, Resort Equities owns and manages properties in Lake Tahoe, Maui, San Francisco and Squaw Valley. Owners have the ability to exchange their Planned and Primary Weeks to vacation at other properties within the portfolio. Exchanges are coordinated through Resort Equities' Owner's Liaison. The program adds flexibility to the ground asset of deeded real estate. 

Q: Are there properties of different sizes available in Lake Tahoe?  
A: Resort Equities' Tahoe offerings include six ski-in, ski-out Village at Northstar residences – two, three and four bedrooms, ranging from 1,205 – 3,290 square feet. Two additional, single-family estate homes are available. The first is in Creekside Estates at Squaw Valley (5,500 square feet) and the second is a 5,800 square foot residence at Big Springs, just moments from Northstar-at-Tahoe Ski Resort. 

All of the residences can comfortably accommodate a large family and/or groups traveling together.

Q: What makes this property unique compared to other fractional offerings in Lake Tahoe?  
A: Resort Equities offers shared ownership in exquisite properties where the purchase price equates to usage. Those who chose Resort Equities' residences are seeking a beautifully appointed second home as well as attentive, personalized service. Because Resort Equities is a boutique operation with dedicated, local resources they can assure that ownership is effortless, customized and completely turn-key.

Q: Can Resort Equities ownership be used by family members?
A: Yes. Both Primary and Planned Weeks can be made available to friends, family members and colleagues. Space Available time is exclusively for owners of a particular residence.