We are leading fractional ownership solicitors, acting for developers, agents and individual property owners in the UK, Europe and further afield. We also act for individuals looking to purchase UK and overseas real estate on a fractional basis or as an alternative investment.
What is fractional ownership?
Fractional ownership is the term used to describe several unrelated parties, each acquiring a share in the ownership of a high-value tangible asset. The asset is often a piece of resort real estate, but it might be a yacht or even a jet. Ownership benefits include usage rights and income sharing.
Fractional ownership solicitors
Central to the service we offer are bespoke legal structures based on the contract, company and trust laws of England which offer a stable and highly flexible ownership framework – whatever the property’s location,
European legislation in 2011 introduced enhanced protection for buyers of fractional interests, and we have a thorough understanding of how the current law affects those operating in this rapidly developing sector.
Recent matters
Our recent work in this area includes:
- Advising the owners of a block of 62 condominiums in Florida for sale to the European market.
- Advising hotel room investors in new developments in the UK.
- Acting for a developer in setting up the legal and management structure for the sale on a fractional basis of apartments on a golf resort in Murcia, Spain.
- Advising operators of luxury holiday lodge resorts in the New Forest, the Lake District and Wales on setting up fractional schemes.
- Advising buyers of fractional interests in several well-known developments in Tuscany and France, including working with the developer’s solicitors on certain aspects of the fractional structure.