FAQ

Shared ownership is a relatively new concept with some unique fine points. Resort Equities has created the following list of frequently asked questions to serve as a reference for those considering  ownership in our portfolio of luxury residences.

Q: What is fractional ownership?
A: Fractional ownership is a share of a luxury property, sold to
individual owners. Owners have an interest in a specific residence
which can be held in a trust, willed to an heir or sold in the open
market. There are a maximum of 10 owners in each Bella Villa
Collezione residence.

Q: Are there annual dues and if so, what do they include?
A: Yes. Annual dues remove tedious bill-paying obligations. 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 expenses such as property taxes, utilities, innkeepers
wages, a reserve for replacement and Resort Equities Management
fees.

Q: Can multiple families or a corporation purchase an ownership interest?
A: Yes, both are welcome.

Q: May owners rent unused time in their residence?
A: No, the residences are available exclusively for owners.

Q: Is financing available?
A: No, financing is not available at this time.

Q: How many weeks can owners reserve each year?
A: Resort Equities is distinguished by its unique usage program. Owners reserve four weeks (two fixed, Primary Weeks in a specific residence plus two Planned Vacation weeks available for use in any Bella Villa Collezione property) each calendar year. What makes the program truly special is owner access to at least 10 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 Maui, San Francisco and Lake Tahoe as well as Tuscany. Owners have the ability to exchange their Primary and Planned Weeks to vacation at other properties in the portfolio. Exchanges are coordinated through Resort Equities' Owners liaison.

Q: What makes this property unique compared to other fractional offerings in Italy? 
A: The Bella Villa Collezione is an unparalleled offering. Other fractional developments in Italy allow use of a certain home, or grouping of homes, within a single region. The Bella Villa Collezione, however, enables owners to vacation at luxurious residences throughout Italy, in the most sought-after destinations. Furthermore, Resort Equities offers shared ownership in exquisite properties where the purchase price equates to usage. Those who choose 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.