thepinelliestate's activity

Questions Asked

When are you planning to return to Italy to realise your dreams ?

 

Wed, 12/02/2020 - 02:00

What is The Main Benefit of Fractional Ownership? – How Does It Work?

Sun, 11/15/2020 - 06:03

Comments posted

Mon, 11/16/2020 - 06:15

Steve, a VERY important point and who wouldn't want there personal possessions and belongings in their second home. 

That's why we maintain a secure private owners store facility at each of our houses so that each owner can indeed have their OWN belongings for when they are at their house and when they leave they are carefully placed into the secure storage for us to bring them back out when they next return. All part of a very unique personal service for our owners 

Mon, 11/16/2020 - 02:36

Hi and thanks for your comment.Timeshare is exactly what the words mean - SHARING time.

The Pinelli Group have changed that and fractional ownership with them means exactly that - the OWNERSHIP of a real luxury asset, and you share the ownership with likeminded others - a maximum of 12 owners 

Most importantly the share owners use an annual rotating occupation or entitlement calendar thus providing for all to have the opportunity to choose whatever week/s they wish, and the priority rotates every year spreading the equitable fairness of choice of weeks.

This new way of fair fractional ownership seems to provide all of the upsides and none of the downsides - take a look at what one of the owners has said here and how the properties are real homes and not sterile hotel copies

https://youtu.be/SvZhPsZMdI8

Mon, 11/16/2020 - 02:32

Hi and great to receive your comment and reply. 

You have highlighted a common mis-conception of Fractional Ownership voiced by many Italian estate agents. Unfortunately their interpretation of Fractional Ownership has evolved fro m the old time share concept whereby one only buys a period of time and that is a fixed period for as long as the purchaser has their time share, and the costs of maintenance are controlled by the time share  company and not the residents.

www.thepinelliestate.com have changed all of this. In their scheme the property is owned by an independent UK limited company and each of the [maximum] of 11 owners own a share in the company that owns the property - therefore they actually own an ASSET and not time.

This also benefits the owners as THEY control the management company looking after the property and each pay only an equal share of the annual maintenance costs. If you own 100% of a property you have to pay 100% of the costs even when you are not using the property.

Most importantly the share owners use an annual rotating occupation or entitlement calendar thus providing for all to have the opportunity to choose whatever week/s they wish, and the priority rotates every year spreading the equitable fairness of choice of weeks.

This new way of fair fractional ownership seems to provide all of the upsides and none of the downsides - take a look at what one of the owners has said here 

https://youtu.be/SvZhPsZMdI8