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Co-Ownership » CR & S Baleares SL (2)

A new and exciting opportunity to get a foothold in the Spanish Property market at a fraction of the normal price let me explain:-
 
Co-Ownership or Time-plan as it is often referred to is a property which has up to six individual or couples as owners on the title deeds (‘Escrituras’ in Spanish), therefore each person or couple on the deeds has a sixth share of the property so each owner owns two months’ in perpetuity per year – one low season and one high season. Each purchaser purchases a particular ‘Option’ on the property the table below shows for the next six years which months each ‘Option’ owns. As with purchasing any freehold property or as in this case the sixth of a freehold property you or your representative sign a Purchase/Sale Title Deed (Escritura) in front of a Notary Public and subsequently your name/s will be lodged in the ‘Land Registry’ on the particular property you have purchased. You the owner can in turn sell the property on as and when you wish, however there is an un-written rule that first refusal is given to all your other co-owners (After purchasing you will be supplied with names, addresses, telephone numbers & e-mail addresses (where applicable) of all other co-owners. It is also possible to re-arrange your months of use with other time-plan partners.

Year/Option

1

2

3

4

5

6

 

2018

JUN

+

DEC

JAN

+

JULY

FEB

+

AUG

MAR

+

SEPT

APR

+

OCT

MAY

+

NOV

 

2019

MAY

+

NOV

JUN

+

DEC

JAN

+

JULY

FEB

+

AUG

MAR

+

SEPT

APR

+

OCT

 

2020

APR

+

OCT

MAY

+

NOV

JUN

+

DEC

JAN

+

JUL

FEB

+

AUG

MAR

+

SEPT

 

2021

MAR

+

SEPT

APR

+

OCT

MAY

+

NOV

JUN

+

DEC

JAN

+

JUL

FEB

+

AUG

 

2022

FEB

+

AUG

MAR

+

SEPT

APR

+

OCT

MAY

+

NOV

JUN

+

DEC

JAN

+

JULY

 

2023

JAN

+

JUL

FEB

+

AUG

MAR

+

SEPT

APR

+

OCT

MAY

+

NOV

JUN

+

DEC

 
IMPORTANT NOTE:
 
Co-Ownership/Time-Plan has not got to be confused with ‘Timeshare’ or ‘Holiday Bonds’ which are a typically resort properties, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week and almost always the same time every year) in which they may use the property, in which the sharer holds no claim to ownership of the property.
Reservado
Property for Sale in Santa ponsa
€22,500
  • Bed Room 1 Dormitorios
  • Bath Room 1 Baño
1 Dormitorios Apartamento
Santa ponsa
REF: CO-983
€22,500
  • Bed Room 1 Dormitorios
  • Bath Room 1 Baño
Vendido
Property for Sale in Santa Ponsa
€24,000
  • Bed Room 2 Dormitorios
  • Bath Room 1 Baño
2 Dormitorios Apartamento
Santa Ponsa
REF: CO-982
Una rara oportunidad de comprar una participación de un apartamento de 2 dormitorios en complejo popular Casa Vida. La propiedad tiene una superficie aprox. de 62 m² y se compone brevemente de un amplio y luminoso salón/comedor, la cocina totalmente equipada con lavadora tiene una barra de servicio arqueada que da al comedor, 2 dormitorios dobles cada uno con armarios empotrados, un gran cuarto…
€24,000
  • Bed Room 2 Dormitorios
  • Bath Room 1 Baño

Welcome to CR&S Baleares SL

SERVING PROPERTY PURCHASERS IN MALLORCA FOR MORE THAN 30 YEARS

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