">The Design Your Own Fractional Property
FAQ

"> Q: What is the approximate monthly or yearly upkeep/maintenance fees?

A: Each property has its own and different "copropriété charges" shared among the owners by a percentage that relates to the size of the apartment compared to the entire building. This information is disclosed at the time of offering, but may change as the homeowners association votes the budget on an annual basis.

Q: What are approximate taxes and insurance costs?

A: As with homeowners association fees, each property has its own and different tax basis. This information is disclosed at the time of offering, but may change on an annual basis. Insurance costs will depend on the needs of the owners. Reputable insurance firms will provide estimates based on the level of coverage determined by the owners.

Q: Can the apartment be rented outside of the group ownership?

A: That is determined by the owners, who have total control over how they wish to manage their won property.

Q: What is the approximate fee for management of the property?

A: Our Concierge Service will be happy to make a proposal to manage the property at whatever level the owners wish, however, the owners are free to contract any service at any level.

Q: Do you also have properties in the countryside, or houses in nice "banlieue" areas? Can you give an estimated total cost if the apartment was two bedrooms instead of one?What if I would prefer to purchase a fractional ownership in a specific district?

A: Our first offering in "concept" is an apartment in Le Marais, however, any group of owners can contract us to find and organize a fractional ownership property of any size or in any part of France. In this case, however, the owners must have already formed a group large enough to support the purchase of the property and not depend on our marketing to "sell" any shares.

Q: Do you think four people at one time is doable in this space (35 to 45 square meters -- 377 to 485 square feet)?

A: For stays longer than two weeks, no. This is a comfortable one-bedroom apartment with possibly a sleeper sofa or "Murphy" bed in the living room. It's great for short stays for more than two, but two is best.

Q: Would you have any apartments to look at by the time we arrive in Paris?

A: The system works in a different way from an traditional property search. First the four share holders must agree to the concept and invest their money prior to a search for the apartment. With agreements in hand, our team will locate the best properties which will be offered to the owners participating in the pool for an acceptance or denial.

If you are interested in participating in a purchase pool for "MY PIED-A-TERRE IN LE MARAIS," or other property, email Adrian Leeds at adrian@adrianleeds.com