Shared Ownership

Luxury Beach Homes

International Holdings & Trust is proud to present an easy, stress-free and affordable luxury beachfront vacation home located on the beautiful Yucatan coast in Mexico. Experience Yucatan coastal living at its best with our unique shared home ownership. Unlike timeshares, with shared home ownership you are an actual deeded owner of premier, appreciable real estate that you can sell at any time.

Our ownership structure provides complete investment, legal and tax benefits of property ownership which are passed on to you or your heirs, and may be sold at any time. Comprehensive legal documents are designed to regulate the ongoing operation, maintenance, management and use of the property on a fair and equitable basis for each owner. This is the key to enjoying your shared ownership and a pleasurable luxury beach home lifestyle in Mexico.

We take care of all the details of your beach home. You just need to arrive, indulge, and relax in the sophisticated and successful lifestyle you have earned and deserve, at a fraction of the normal cost!

We are confident that after you review the advantages of our shared ownership package, you will agree that virtually every concern has been addressed and prescribed for the benefit of all co-owners, assuring a very safe and enjoyable ownership experience.

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Affordability

With the cost of beach homes escalating rapidly in recent years, how can you justify the cost of owning one, let alone the time you'll spend maintaining it? If only you could use a coastal vacation home for a few weeks a year. Is there a way to own one that makes sense?

International Holdings & Trust offers a practical and innovative alternative. We've developed an affordable ownership, maintenance and service approach tailored to the needs of those seeking ownership of a beach home in the Mexican Caribbean. Now you can purchase and own a deeded, fee simple interval share of a beach home. You enjoy the most important benefits of ownership: you have a valuable property asset, you get to spend memorable vacation time at the beach, and you share the upkeep chores and costs with other smart buyers like yourself.

Owning a 1/10 fractional share to a luxury beach home guarantees an affordable overall cost of ownership when compared to conventional whole ownership of the same quality property.

Value in Savings

Deeded shared ownership makes real sense! You only pay for the slice of ownership you are really going to use. There is less upfront cost, fewer ongoing expenses and no management worries. Only a privileged few would or could pay the full price.

Our interval vacation beach homes are strategically located, fully furnished and outfitted luxury homes. All are choice, multi-million dollar properties that exceed any other homes in the area. We offer 10 affordable interval shares in each home, and every share entitles you to five exclusive weeks of ownership per year, with three weeks in the Fall/Winter season and two weeks in the Spring/Summer season.

Consider all of the costs of maintaining a vacant second home, and ask: Why pay for time you are not using? The average second home is used only 28 days per year. Shared ownership offsets the time you are not using your property, and the ongoing mortgage and operational costs, by sharing that time and expense with other co-owners. Savings can amount to hundreds of thousands of dollars per year when compared to a similar multi-million dollar property, and you still enjoy the opportunity for long-term appreciation.

Ownership Benefits

Owners will have a 10% ownership of a new single-family luxury beach home in a very desirable destination in Yucatan that is experiencing rapid growth and development. The property is expected to significantly appreciate in value over the next five years.

Owners can sell their share of the asset at any time. Given the current growth and expansion in the region, an owner should be able to liquidate their share of the asset with relative ease and at a fair profit, should they so desire.

The management of the property is self-directed. There are no outside entities controlling the management of this property. All investment and management decisions are made by a majority vote of the owners of the property.

Each owner has exclusive access to the property for five weeks out of the year.

There is always on-site staff and security.

Each owner is provided with a locker for storage of personal items such as clothes, scuba and fishing equipment.

Investment

We offer 10 affordable interval shares to La Casona, each share entitles you to five exclusive weeks of ownership per year, with three weeks in the Fall/Winter season and two weeks in the Spring/Summer season.

1/10th DEEDED OWNERSHIP PRICE

* Preconstruction discount savings of $46,000 to the first 4 investors.

PAYMENT SCHEDULE

35 % upon signing of the sales contract
35% due at La Casona structural completion
30 % balance due at closing

FIDEICOMISO (BANK TRUST)

It is common misconception that foreigners cannot own real estate in Mexico, but the reality is that they can. Changes in the Mexican law, including NAFTA in 1994 and the Foreign Investment Law of 1993, now allow American, Canadian, and other foreigners to own real estate. A renewable 50 year bank trust (Fideicomiso) is created with you, the foreigner owner, as the beneficiary. You can live on the property, sell it whenever you desire, or pass it on to your heirs to enjoy.
The bank Trust is renewed every 50 years, meaning you and your heirs own the property until you decide to sell. Bank trusts are used to guarantee the owners (beneficiary) of the trust absolute control over their assets, and the trust arrangement does not limit your rights to the property in any way. The Fideicomiso has been established as a secure form of ownership and has facilitated billions of dollars worth of transactions.

CLOSING COST

Closing cost, notarial and bank trust fees will be the responsibility of the buyer.

MAINTENANCE FEE

Low annual owner maintenance expenses are split evenly among each shareholder and billed to the owner’s account on a quarterly basis. Expenses include property taxes, insurance, utilities, property maintenance and improvements, and the management of on-site staff and security.

Details, pricing, and specifications subject to change without notice.

FAQ

1. Shared ownership overview

Shared ownership is a middle-ground solution to owning a second home. It is between whole ownership, with sole responsibility of a property, and time-shares, where you purchase restricted time and don’t own the real estate itself. With shared ownership, you own an "undivided fractional fee simple interest" in a property that can be passed down through generations or resold.

The shared ownership concept has been used in many ski resort areas for more than 20 years. It is similar to you and several friends or family members owning a home together, with documents governing the use and management of the home. Owning real estate fractionally gains popularity with each passing year, since the pricing and convenience are proportionate to your use and enjoyment of the property. This makes a second home truly a vacation instead of a second job. You can go there knowing that everything will be as you expect it to be.

Industry research shows that the number of fractional ownership properties has increased almost 100% per year for the last several years. It doesn’t appear that this trend will slow down as the Baby Boomers’ numbers increase while the supply of luxury homes is limited by the lack of additional prime locations. A recent survey shows that the average vacation homeowner uses their home less than two months per year. Owning and paying for only the time spent at a vacation home is an economic concept that just makes sense.

2. What do I own?

With shared ownership, you own an undivided fractional fee simple interest in the property. You receive a deed to an interest in real property similar to the purchase of other real estate. The deed will evidence the fractional ownership interest — a 1/10 undivided tenant in common ownership interest.
An owner is able to resell, gift or will this fractional ownership interest in real estate, similar to if he or she fully owned a property. In addition, the documents require that an owner offer to sell the fractional interest to the other owners prior to listing or marketing their interest for general sale. This simply gives the other owners the right of first refusal

3. Is it a timeshare?

Please don't mistake International Holdings & Trust´s shared ownership system with owning a week in a timeshare community. The difference is significant. It’s nothing like owning rights to a certain week in a crowded complex.
Your fractional ownership share gives you a deeded, fee simple title to your fractional in your own private beach home and the land it's on. You treat your fractional share like the valuable asset it is. You can pledge it for financing, sell it, or include it in your will for the benefit of your loved ones.

4. Can you will your fractional ownership share to your loved ones?

Your fractional share is a valuable real estate asset, and as such you have the power to share it with future generations. You can pass it along to your loved ones and include it in your will, allowing family to continue to create fond vacation memories for years to come.

5. Your beach home is cared for by owners like you.

Experience shows that shared ownership groups maintain their homes better than those in other situations, because renting to third parties is not permitted. Owners stay much of the year and take pride in caring for their beautiful new beach home. The program is established and secure, providing a forward-looking approach that pre-thinks all the problems, as well as funding long-term maintenance and taking into account the many practical issues of home ownership.

6. Who will own the property with me?

People that have been interested in the property thus far are all professionals and entrepreneurs from either the United States or Canada. Some are retired or about to retire, others are younger families. They all have many restrictions on their time due to personal and professional obligations. They are interested in owning a Yucatan beach home as they already tend to spend time here, and want the convenience of owning their second home in Mexico. They are attracted to the fractional concept due to the shared responsibility for the property, as well as to the much higher-quality property they get for just a fraction of the over-all cost of the real estate.

7. Can you purchase multiple shares for more weeks?

A surprising number of families purchase two or more shares to spend more time at the beach or to increase their Yucatan coastal real estate investment. In fact, all ten shares are usually purchased by only six to eight owners. Ask us about the special pricing we offer for additional shares.

8. Can I buy a share with someone?

Yes, you can buy a share with a friend, family member or business associate. Each name would go on title and you would be treated as one entity by the management company and other owners. It would be up to you to determine how you split the use and responsibility.

9. Can you sell your share(s) should you decide to?

If the time ever comes when you want to sell your fractional share(s) in your beach home, you are free to do so. Your ownership documents provide for this. You also have a unique market of fellow owners who will traditionally provide buyer candidates seeking additional shares or will purchase directly from you. Professional real estate services are available to market and sell your unit for top dollar.

10. Why co-own and share a vacation home?

Although many people dream of owning vacation property, most either can’t afford the type of property they want or reason that they would not use the vacation home often enough to justify the expense. Shared ownership provides a solution to these problems by allowing you to pay only a fraction of the costs and ongoing expenses of vacation home ownership, while sharing the risks of unforeseen maintenance problems with others. Of course, in exchange for spreading the costs and risks, you give up some of the usage rights and freedoms that you would have if you owned the property alone. But job and school commitments prevent most people from using a vacation home for more than a few weeks or months each year, and some loss of freedom and control is often acceptable for the huge cost savings.

11. How much time will I get each year?

You are entitled to use the home for five weeks per year. We have proposed a plan of usage based on other successful fractionally owned properties. It allows for weekly rotation from Sunday to Sunday. Once we have a majority of owners ready to purchase, we will poll them on the reasonableness of the calendar. Should the group want to, the calendar can be changed. A calendar will be attached to the sale documents governing use for the first ten years, after which the calendar can perpetuate. Because of the small number of owners, potential conflicts in family and business schedules may be accommodated through the cooperation of all owners.

12. Are there other methods of allocating time?

Yes. Should the owners not want the rotating calendar, they may determine the method for allocating use as suits their pleasure.

13. How does it work?

Shared ownership is similar to any other real estate purchase, except that you are only purchasing a fraction of the property instead of the whole thing. Different developments and properties have a variety of options. The fractional shares we offer are 1/10 shares. A one-tenth share provides five weeks of use each year that are divided into three weeks in the Fall/Winter season and two weeks in the Spring/Summers season. Under this unique form of title ownership, an owner has registered title to a 1/10 interest in the beach home. Management of the property is provided by International Holdings & Trust and governed by a Homeowner’s Association. An annual budget is established and owners make quarterly payments to cover utilities, insurance, security, taxes and more.

14. What are the benefits?

One of the main reasons people buy a fractional, even when they can afford the entire purchase, is that the expense and responsibility of ownership is reduced. This makes your beach house a true vacation home, as you can simply go there knowing that everything is in order. At the same time, you have the deed to the property, and can pass it down through generations in your family or resell it through a broker.

15. What if I cannot use my assigned time period?

Should you not be able to use your weeks, you can let friends or family use your time. You could, but are not required to, offer it to the other owners.

16. What if I want a week allocated with another user?

It is common that time is swapped among your fellow owners of the beach home. The calendar is published, so you can easily determine who has a particular time slot that you want. Simply contact them to arrange a swap. Because of the small number of owners, potential conflicts in family and business schedules may be accommodated through the cooperation of all owners.

17. Can I rent out my weeks of ownership?

Currently, the documents do not permit renting of the home. The luxurious level of furnishings in the home is above the usual rental property standard. Renting could potentially diminish this level of quality. Collectively, should the owners want to rent it, they can agree to do so and modify the documents once they determine the best way to handle the rentals.

18. Is a maid service available?

Yes, the annual budget includes weekly cleaning and an annual deep-clean service. A maid will clean the home after your visit. Should you desire a maid service during your visit, one can be arranged directly.

19. What do I have to pay anually?

The annual amounts to be paid are based on an estimated annual budget. Currently the budget includes all items required to maintain the home. Budgeted expenses include taxes, insurance, security, swimming pool dues, utilities, internet, telephone, satellite TV, property management fees, maid service, and maintenance reserves. Each owner will be responsible for 1/10th of the annual budget, which is to be paid quarterly.

20. As a fractional interest owner, will I have exclusive use of the property?

Yes, the property will be exclusively yours to use during your assigned time periods. The housekeepers completely clean the property and prepare it for each owner’s arrival. You may arrive any time after the scheduled arrival time. Many owners will skip the weekdays and arrive for extended weekends only. Thus, another owner may use the property on days when you are not, maximizing everyone’s use. In some years you might end up spending additional weeks at the beach house, when other owners don‘t wish to use it as much!

21. Can't I just find a property and purchase it with my friends?

You can. However, you don't need to convince nine others to buy a share in your dream Caribbean beach home, which as most people know, can be very difficult. Furthermore, you will need to prepare a comprehensive set of by-laws, rules and regulations, as well as all the legal documents for purchase and shared ownership in Mexico.
Instead, you could make the decision to own a share in beach home that is larger and more luxurious than you could normally afford. With our fractional ownership program, you'll own a 1/10 share with nine other proud owners, not hundreds, like at "residence clubs" or timeshare properties.

22. How does shared ownership differ from the economic considerations for wholly owned real estate?

Primarily, shared ownership allows you to afford a much more luxurious, elegant and larger vacation property than you would normally on your own. All costs and expenses are all divided and shared among the owners, so you don’t have to carry the burden yourself. Ownership is evidenced by a fee simple "Tenants In Common" granted deed to the property, exactly like the home you live in now. And, you still enjoy all the benefits of real estate ownership. This is true value that caters to discriminating investors who are looking for a second home but really don't want the full burden of owning a second home. The more expensive the property, the more shared ownership makes financial sense!

23. Are there legal agreements between the co-owners?

International Holdings & Trust has developed all shared ownership documents from the co-owners point of view. Each property is owned, governed and operated by a very tight package of legal agreements that remove virtually all ambiguity and questions for each of the owners. These agreements help assure each owner of their independent enjoyment, legal control, property rights and ownership protection. Without these agreements, a group of owners would effectively be operating on a handshake, with faith that everything will work out. This may work for friends and family (until there is a problem), but a handshake cannot be relied on for independent owners who are brought together under this sophisticated structure. We are confident that after your review, you will agree that virtually every concern has been addressed and prescribed for the benefit of all co-owners, ensuring a safe and enjoyable ownership experience.

24. Who are fractional properties really for?

This type of vacation real estate ownership is ideal if you want the benefits of owning an impressive second home (typically of more value than you would afford on your own), complete with management services, located in a very exclusive community, but you can't justify whole ownership because you will only use it on a limited basis. Most fractional owners are frequent visitors to the resort area and want something they can call their own. These buyers aren't looking to be sold vacation time, but instead want an upscale vacation beach home without the responsibilities and costs associated with a wholly owned home. Fractional ownership is a lifestyle choice, and an affordable and sensible way to purchase a second home that provides most of the benefits of true property ownership.

25. How is the home furnished?

Professional decorators with an eye for first class, upscale style will furnish your beach home in a manner that compliments its locale and architecture. Not trendy, and not tacky. From elegant and luxurious furniture to paintings and museum quality panoramic photographs of the local area, our decorators and their special touches to draperies, dishes, appliances, cooking gear, linens, towels, and comforters. Every detail is taken care of to make you feel at home – in some ways better than home. We even provide board games, books, movies, mountain bikes, pool floats and beach accessories. No reasonable cost is spared and nothing is overlooked!

26. Can I have guests stay at the property?

Family, friends, business associates, and anyone else you designate can be accommodated as your guests. Guests are treated as family and may join you or use the property should your schedule not allow you to attend at the same time. Guests shall be your responsibility and are required to respect the Rules & Regulations.

27. Do I have the same tax considerations with shared ownership as with purchasing the entire property exclusively?

Shared ownership is the same as ownership of any other real estate, wherein you enjoy potential appreciation, depreciation, interest and expense deductions. At your discretion, you may sell your share of the property, gift it, or leave it to someone in a will. Your tax advisor will be better-suited to provide specific details and advise you of the opportunities your individual tax circumstances may offer. You may also register title in your children’s names to assist in estate planning.

28. What costs are associated with shared ownership?

In addition to the initial acquisition cost, you will share in the ongoing expense fees. You will pay your proportionate share of the actual property management fees, bookkeeping, utilities, housekeeping, deep cleaning, security service, maintenance, property insurance, general cleaning supplies, toiletries, and the furnishing and equipment replacement reserve. Your share of the property taxes will be paid directly by you. Property management works on a fixed annual fee without a conflict of interest. Only personal concierge services will be billed directly to any owner requesting them.

29. Who maintains the property?

Property management oversees the complete maintenance and care of your Yucatan beach home, including ongoing housekeeping. Your expense fees cover the cost of all maintenance, repairs, and replacements as required. A professional housekeeper is supervised by management, who ensure that your home is always clean and in a first-class condition, as you would expect. Owners and their guests are responsible for any specific substantial damage repair if incurred during their use of the property. Local professionals perform landscape and pool maintenance on a regularly scheduled basis. Structural maintenance, including painting and repairs, is carried out by the appropriate local contractors when needed. Certified professionals from the specific equipment manufacturers and services will maintain equipment and appliances, and we ensure that all repairs meet our demanding standards. When the homeowners are away, the property manager will look after the property, giving you the peace of mind that comes with the knowledge that your property is safe and secure.