LFG Fractional News Roundup – August, 2008

Fractional ownership documents fall into two general categories: (i) those that are recorded in the chain of title to the co-owned property and thereby become binding on each subsequent owner even without that owner’s signature, and (ii) those that are unrecorded and bind only those that sign them.
 
Most fractional arrangements involve a combination of recorded documents like deeds, and unrecorded documents like management agreements, but one should not make generalizations about the kinds of documents or their names since each seller will undoubtedly use their own. 
 
Click here to read the full article touching on taxes and other legal implications.

• Parkside Resort in Williamsburg, Virginia, is set to celebrate its grand opening.
• Tidemark Resorts is completing the first phase of its Anna Maria Island Residence Club.
• Several new fractional resort homes near the Sol Vista ski lift in Granby Ranch, Colorado will be on the auction block this weekend (August 17th).
• Encanto Villas & Residence Club in Huatulco, Mexico is targeting adventurous, eco-conscious travelers.
• MSNBC recently featured an artaicle on the world’s most expensive destination clubs.
• Destination Club Lusso Collection introduces new Membership Plan, Lusso 21.
• The Ritz-Carlton Club announces its Bahamas expansion with The Abaco Club on Winding Bay.

Although Exclusive Fractional Exchanges has not yet been officially introduced to the public, we wanted to be sure that you were the first to know about the upcoming launch.

This industry-first fractional-only exchange program is designed to give owners an easy and affordable way to exchange their weeks with other fractional owners around the world. Members will not only have access to fractional properties listed with us, but they will also have access to the 1,000 whole-ownership homes up for exchange on our affiliate site, Exclusive Exchanges.