Fractional Ownership

At Dharma-Gili it is possible for individuals to become a fractional or proportional owner of a shack at a lower entry price than whole ownership and still benefit from personal usage and rental income.
Fractional ownership is ideal for individuals who are looking to own a hassle free island getaway that they can use and enjoy regularly and when they do not wish to use it themselves have the potential to benefit from rental income.

Fractional ownership has grown steadily in the United States and Europe and encompasses fractional ownership in everything from private jets to boats, luxury cars and of course property and is now gaining in popularity in Asia.

How it Works

The developer incorporates, and owns 100% of the shares in an offshore company that effectively owns the shack .

The developer sells shares to individual owners in the shack owning company

In the case of Dharma-Gili there will be a maximum of four (4) fractional owners for any one unit. Each owner receives share certificates for their share in the shack owning company.

The shack owning company’s articles of articles of association and share holders agreements govern the ownership and usage of the shack including the following;

• Owners usage entitlements and rotating calendar
• Sales procedure and process by individual owners
• Administration and management of the shack owning company

The Shack Owning Company will enter into a management agreement with Alfa Resorts & Management who will manage Dharma-Gili operating it as a five star resort for the benefit of allowners. The management agreement covers;

• Management and maintenance fees
• Calculation of owners income
• Rules and Regulations of usage
• Insurance
• General operating standards