Touchstone on Lake Muskoka - Fractional Cottage Ownership

1. What is fractional ownership?

It is an exciting and fast growing concept in resort home ownership. Think of it as you and 3 friends buying a cottage together. Each of you has the ways and means to own a cottage but you don't have the time to use it as much as you'd like. And you especially don't have time to deal with opening up, closing down, getting the boat n the water, cleaning the eaves troughs, fixing the deck..

As such, it is analogous to 4 people purchasing a private jet. Each owner wants the benefit and convenience of having access to the jet but know that they cannot use it 12 months a year. Hence they purchase a fractional interest in the jet, match their investment and ownership interest to their expected use, and keep their costs down by paying for only that portion of the jet they actually use. This concept of purchasing only what you need, or will use, is perfect for vacation homes. At Touchstone, you'll own the share of your cottage or villa as well as a portion of the property's 30 acres, 2 pools, outstanding amenities and boathouse.

All of this, without any of the hassles normally associated with owning and maintaining a vacation home. The home is professionally managed and maintained for you by the Resort Operator.

2. Is Fractional Ownership like Time Share?


	Technically yes, but unlike Time Share where owners may not obtain title to their unit, purchase of a fractional interest in a Touchstone residence is evidenced by a deeded interest which the owner purchases and sells just like any other piece of real estate. That deeded interest will show all of the owners of the full unit that you have purchased.

3. How many fractions will each Touchstone vacation home be divided up into?


	Four fractions.

4. May I purchase more than one fractional interest in my residence?


	Absolutely, you may purchase as many fractions as you think fit your lifestyle.

5. If I purchase more than one fraction, may I sell some but not all of my fractions at a future date? Alternatively, may I purchase more fractions later?


	Yes. The beauty of fractional ownership is the flexibility it provides you in both of these and so many other ways.

6. Do I purchase an interest in one Touchstone vacation home or will my vacation home vary from visit to visit?


	You purchase a fractional interest in one specific vacation home and are transferred a deeded interest in that specific residence.

7. How is the use of each vacation home allocated?

Quite simply really. Each one-quarter fraction is allocated 13 weeks per year.

The peak months of July and August are divided into 4 two week fractions. Each fraction purchased represents one of these two week periods.

Each year the owner of that fraction gets the exclusive use of their vacation home for that two week period, PLUS one additional week every month from September to June , PLUS one long weekend week every year.

That way each year you can enjoy the weeks of the summer you most prefer PLUS long weekends / holiday weeks, PLUS one additional week in every month between September and June.

8. How often can I use my resort home within the fraction I purchase?


	You may use your resort home as often as you wish, without restriction, during the periods you are designated.

9. What are the benefits of fractional ownership?

With fractional ownership, you own an exclusive vacation property. You are buying your vacation home in partnership with others who share the cost with you. At the same time, you have an interest in the property. You can sell your property at any time, at any price, bequeath your interest to your heirs, rent it, allow friends to use it and invite guests to share it.

It's luxury maintenance free living at a fraction of the cost of owning or renting a "traditional" cottage.

It matches your investment to the amount you actually want to use your vacation property.

10. Why should I buy a fractional interest?

Despite their best intentions, many people recognize that they are just not able to use their Muskoka cottage as much as they would like. For many, two fractions or two consecutive weeks in the peak months of July and August plus one week in every other month is as much as many busy people are able to use their cottage. With a fractional interest you are able to match your investment with the quality and level of luxury you want for the time you actually plan to use your vacation home.

11. What if I don't know the other owners?


	Few people know the other owners before their purchase. The ownership structure eliminates the need if you want. There are rules, bylaws and management services that keep the property running smoothly. There is no overlap in calendar dates and no need to interact socially if you do not wish to. However, there will be an annual meeting and through joint ownership, long-term friendships often form.