We are offering a one-sixth (fractional) ownership share of San Miguel No. 2 at US$53,500. For this investment, you will receive 1 membership share out of a total of 6 membership shares.
Your share in this condominium includes:
| Fee-simple ownership structure giving you full rights of ownership, including selling to others, giving it away, and passing it on to others | |
| Two designated weeks of rent-free property use (one rotating holiday week and one additional week) | |
| A one-sixth share in the total property net rental income | |
| A one-sixth share in the operating costs, including management fees, utility costs, and homeowner association dues | |
| The right to extend a 10 percent discount to renters who know you personally | |
| The right to receive a 10 percent commission on sales for referrals that result in the purchase of a property in the San Miguel development |
Fee and Cost Estimation*
Property management and maintenance: US$100/month, paid quarterly in advance.
Homeowner association dues and condominium expenses: US$275/month plus US$45/month for insurance
Property utilities: approx. US$200/month
*For the first year of ownership, monthly management fee and homeowner association dues are waived (up to US$1000).
Ownership Options | About The Property | Why Fractional Ownership?
