What does the purchase price of my Quarter-Ship include?

Firstly we would like to reiterate that Quarter-Ship is not timeshare, purchasers actually own one quarter of the property and are free to sell this at any time and take back their investment along with profits.

The property is fully furnished to a very high standard with all linens and electrical appliances including flat screen TV and ready to move into. In addition an allowance has been included to pay all management charges, electricity, water, television connection, insurances and other bills for the first year after completion. There is nothing more to pay other than the initial cost of your share in the property.

How do I use my Quarter-Ship?

By a simple share rotation scheme which enables you to have exclusive use of your property for three months of each year in perpetuity. This gives you the opportunity of experiencing every month of the year over a four year period. Of course some owners may wish to exchange periods amongst them to suit their personal usage. Likewise spare weeks can be advertised for rental to third parties.

What security do I have for my investment?

In simple terms a Limited Liability Partnership (LLP) is incorporated by an independent lawyer in Cyprus to purchase the property and the ownership of the property is then recorded at the Land Registry Office. All owners then purchase 25% of the shares in the company. We have chosen Cyprus to register the LLP because of its generous tax benefits and lack of inheritance tax.

Who will look after my property?

Universal Vacation Realty has been managing overseas properties for clients since 1986 and will oversee the day to day running of your home. Transparent quarterly accounts will be produced, invoices paid, cleaning arranged when required and you can be assured that there will always be someone to talk to at the end of the telephone.

How do I choose my new home in the sun?

With all of the different types of property on offer it may initially be difficult to decide which type of home to choose. However family practicalities may govern the number of bedrooms you require and your individual time frame the choice of a completed or off plan property. We will be pleased discuss the options on offer and of course arrange an inspection visit for you if required. It is also possible to reserve a property in advance before conducting an inspection visit with a fully refundable deposit of one thousand pounds.

What happens should I want to sell my Quarter-Share?

You can sell your quarter share at any time; firstly it can be offered to a member of your family and then to the other shareholders at a price of you’re choosing. These two groups take precedence. Finally you may advertise the shares yourselves or let Universal Vacations Realty advertise them on your behalf. In addition the rules of the LLP stipulate that the property will be sold five years after its completion and the assets shared between all four owners. However this condition can be changed if all shareholders agree and the property retained for a further period.

Can I leave my personal belongings in the property?

Yes, provisions will be made for the owners to securely store personal items such as clothes and beach items during their absence.

Who pays for items such as electrical appliances after the manufactures warranty has expired?

A small nominal charge will be included to the management fees from the second year onward to replace items that have reached the end of their service life.