BUY TO USE & LET (BTUL)

BTUL ("Buy to Use and Let") is whereby property investors enjoy a lifestyle offering through personally using and exchanging their property as well as a financially sound proposition through rental capabilities. BTUL helps developers substantially increase their returns by differentiating their product offering at the point of sale. In addition to pure residential real estate sale, developers offer an enhanced product that offers flexibility through exchange and an ROI through the rental of the apartment. The BTUL model helps developers to distinguish themselves with their product if competition is fierce, i.e. with large scale developments that confront the 'ghost-town' phenomena. The BTUL models have become increasingly popular, as developers see the rental component as a solution to increase occupancy and consequently increase revenues for on-site services such as restaurants, golf, spa, etc. 

FRACTIONAL OWNERSHIP/ PRIVATE RESIDENCE CLUB

This segment of luxury-shared ownership involves the purchase of a partial interest, or share, in a high-end luxury resort or single-family residence in almost every holiday destination in the world. Interests typically range from 3 weeks to 3 months of usage each year, and offers services and amenities not typically found in a true “second home” purchase. The time is generally split between seasons and provides off-season usage rights allowing for either multiple stays or sharing of the residence between other family and friends. Generally speaking, these projects are not as large as luxury timeshare resorts and evoke more of a feeling of being in a private residence.

LUXURY TIMESHARE

When compared to traditional timeshare, the luxury timeshare product appears similar in structure. The fundamental difference lies in the additional breadth of the holiday experience it offers. The properties tend to be larger in size, offer more amenities, and with more attention paid to the quality of the accommodations and the upscale amenities than traditional timeshare

WHOLE OWNERSHIP

Certainly, the option always exists to simply purchase a holiday home, condominium, or yacht outright. When doing so, usually it becomes the owner’s responsibility to maintain the residence, furnish it, and manage it – all of which becomes time consuming and costly. Usually, The Registry Collection program is not involved with whole ownership luxury assets unless they are part of one of these select standardized programs we have mentioned here and/or a specific quality and service level can guaranteed time after time.

FRACTIONAL YACHTS

Somewhat different, but closely related to fractional ownership of real estate is the fractional ownership of yachts or catamarans. As in fractional real estate, a person owns some portion of the year on a nautical vessel. Just like fractional real estate, fractional ownership of a yacht offers owners usage of the vessel while removing the individual responsibility of managing and maintaining the boat.  There are a number of different programs and options that exist in the luxury fractional yachting category.  There are different types of vessels of different sizes.  Owners typically have the benefit of a crew when they use the yacht.  Typically, the fraction (number of weeks of usage) purchased and the type of boat will determine the purchase price.  Beyond that, there is usually an annual fee that covers maintenance, crew, etc.  An additional expense may include a surcharge for food and fuel (on a per trip basis).