Initially each property is owned by a stand-alone UK based Limited Company. The Company is divided into 52 shares which are purchased by the individual wishing to use the property. As a shareholder they own the percentage of the company relating to the number of shares they purchase. Any shares which are not bought remain the property of the Limited Company.
You are free to use your week(s) as you choose - use them for you, your family and friends or advertise it as a short-term holiday rental.
Payment for your week/s share is made in stages.
A non-refundable deposit of £1,000 is payable immediately upon reservation by bank transfer or credit card.
The balance is paid on completition.
Your share(s) are owned by you for perpertuity.
You may sell your share(s) at any time you decide you do not wish to remain a shareholder.
This will not impact on you. My Share Property does not handle any of the funds used to pay for the weeks/shares. The funds are paid into the stand-alone Limited Company that owns the property you are buying into.
Yes, prices vary by season - high and low please see cost of weeks link.
Pets are not allowed in any of the weeks available.
The only charge you have to pay is the yearly management and maintenance charge which includes all bills - Council Tax, Electric, Gas, Water, Internet & TV, insurances and your weekly change over (full clean, bed linen, welcome pack). This fee is £350 per annum.
The properties are carefully furnished and the furnishings maintained by the management company. This will include linens, towels, crockery, glassware and cooking utensils. You will need to supply any food and drink or personal toiletry items.
Yes - you can rent your week(s) which will give a good rate of return on investment when compared to money on deposit with banks.