Purchase equity while securing your ideallic holiday

You become a true owner of a specific fraction of the property secured by a notarized deed and registered in the Portuguese Land Registry Office

No, MNG Elliott Co-Ownership is not a Timeshare. The concept of MNG Elliott is that you become a Co-owner of a specific unit, i.e., you are a registered owner via a notarized deed proportionate to the number of specific fractions (translates into the number of specific weeks for which you can occupy) you have decided to acquire.

Within the purchase price the following is included:
-The agreed price of the specific fraction(s) you are purchasing
-Subsequent purchase costs (legal fees, notary fees, registry fees, purchase taxes)

The monthly expenses for the operation and maintenance of your property are divided proportionately to the number of fractions owned by each Co-Owner. For transparency reasons, MNG Elliott prepares a budget for the year forecasting all the expected expenses which is approved by the Co-owners.
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The costs are divided into 3 Sections:

Section 1: Fixed Costs (proportion based on number of fractions), for instance:Property related expenses, such as, property tax, insuranceOngoing Maintenance expenses, for example, pool and garden maintenanceReserve Fund to replace inventory and make larger interventions on the property when required.
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Section 2: MNG Elliott feeDedicated management team delivering efficient property careCoordination of Co-ownersMNG Elliott Personalized service for Co-OwnersCoordination of third-party service providersBook keeping (accounts)
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Section 3: Occupation based costs (charged based on consumption), for example:Electricity, heating, pool heatingLaundrySpecific Requirements

MNG Elliott’s specific fractional ownership is an ideal option for those considering purchasing a second home but are hesitant about the commitment and burdens of owning a holiday property abroad outright. If you love travelling and exploring new destinations yet desire the comfort of a home away from home without the complexities of finding accommodations each time, fractional ownership offers the perfect solution.
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With Co-ownership, you can enjoy the benefits of owning a second home without the hassle of maintenance, upkeep, and unexpected costs. Your property is professionally managed and serviced, allowing you to relax and enjoy the bliss of vacation without worrying about the logistics.
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Whether you're looking for a vacation home in a new destination or seeking a more flexible way to own a property abroad, MNG Elliott’s  fractional ownership removes the common headaches of traditional second-home ownership while also offering the potential of capital appreciation. Enjoy the luxury of affordable ownership and a stress-free experience, with all the amenities and comfort of home.