{"id":20469,"date":"2022-10-19T15:29:50","date_gmt":"2022-10-19T13:29:50","guid":{"rendered":"https:\/\/five2oneestate.com\/faq\/"},"modified":"2024-05-11T11:47:28","modified_gmt":"2024-05-11T09:47:28","slug":"faq","status":"publish","type":"page","link":"https:\/\/five2oneestate.com\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t
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Frequently asked questions\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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FAQ<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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There are many questions that arise when you own a home with other families. But with Five2one, you can rest assured. We have a shared house ourselves and have been through every conceivable scenario. Learn more about the buying process and get answers to other questions below. \n\nIf you don't find answers to your questions here, you are always welcome to write or call Five2one. <\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Yes, you own your home through a Danish company, <\/span>where you own 20%, corresponding to one of the five shares. <\/span>This is not “timeshare” but real ownership, and it’s easy to both buy and sell your share again. <\/span> <\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Yes, but you can <\/span>at most <\/span>own a maximum of 2<\/span> shares<\/span> of <\/span>the home<\/span>. <\/span> <\/span>The reason is that no owner should have a majority. With 2 shares, you get access to a full 20 weeks a year in your luxury vacation home. <\/span><\/span> <\/span><\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n There must always be <\/span>
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\n to be more people to own a<\/span>
\n share, e.g. <\/span>
\n several pairs of friends or generations, there’s nothing to stop you agreeing among yourselves, as long as there are only 5 formal owners of the property in total. <\/span>
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Five2one has one basic rule when finding a home: that we would invest and live in it ourselves.<\/span><\/p>\n

Once we’ve found the 5 families, we find the home and put a lot of effort into selecting the right home at the right price. Any savings always accrue to the 5 owner families. <\/span><\/p>\n

That’s why we say no to housing projects that do not meet our strict quality requirements or are not a good investment.<\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Your price for the home is exactly 1\/5 of the total market price, as there are 5 families buying and owning the home. <\/span><\/p>\n

The purchase price includes costs for the purchase of the property, tax and VAT, setting up an ownership company, statutes and ownership agreements, Spanish lawyer, notary, etc. <\/span><\/p>\n

The purchase price also includes costs for interior design and adjustments to the home, etc., and Five2one charges a concept fee for finding the home, negotiating with the seller, finding five families and taking care of all the practicalities from start to finish. The concept fee is 7.5 percent plus VAT of the total trading costs per ownership share. <\/span><\/p>\n

Should there be any money left over when everything is sorted out and the home is ready for occupancy, it will go to the 5 owners. <\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Joint ownership costs for maintenance, repairs, owners’ association, internet, insurance, etc. are paid jointly by the 5 families, which is why you save 80% compared to if you owned the entire home yourself.  <\/p>\n

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\n For a more detailed calculation contact us<\/a><\/span><\/span>
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In addition, an ongoing administration fee of \u20ac99 per month will be charged. This includes booking vacation weeks, maintenance, contact with suppliers and a 24\/7 hotline.<\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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We do. When you own a home with Five2one, you’re guaranteed a worry-free vacation every time, year after year, because we take care of your home while you enjoy your holiday. <\/span><\/p>\n

We are your extended arm and help with whatever is needed. <\/span><\/p>\n

If you need more help, such as pre-arrival shopping, concierge service for booking restaurants, car rental and more, Five2one can do that too. <\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Yes, you can keep your personal belongings in the accommodation and we’ll pack them in a storage room when you go home and put them back up before you arrive next time. <\/p>\n

That way, you’ll always feel at home when you arrive and you won’t need to bring any luggage with you. Your golf bag, racing bike, kids’ favorite teddy bear, clothes, bedding, etc. are waiting for you when you return. <\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Five2one is not a traditional timeshare model where you only get the right to use a property for a certain number of days. Five2one is real ownership, where each family owns a share of the home through a Danish company. <\/span><\/p>\n

You are not liable for each other’s debt to buy the home, the only joint liability is the ongoing operating costs. <\/span><\/p>\n

The owner agreement that regulates ownership stipulates what happens if an owner does not pay their share of the common ownership costs etc.<\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Yes, it’s your exclusive 10 weeks, and you can either lend your home to family and friends or rent out one or more of your weeks for a rental income. <\/span><\/p>\n

Rentals are always done through Five2one or a chosen partner to ensure that the accommodation is clean and ready for the next family to arrive. <\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Five2one gives you access to vacation rentals in a completely different class than you would otherwise get for the same money. Our homes are unique because we only go for sublime quality, complete luxury and the very best location.<\/span><\/p>\n

All our homes are selected on the principle that we would invest and live in them ourselves. And all homes are refurbished to the highest standards and decorated by professional interior architects and designers.<\/span><\/p>\n

Read more about our selection criteria here
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Each <\/span>family owns <\/span>a fifth and has <\/span>therefore <\/span>available 10 weeks and 3 days <\/span>– <\/span>or a total of 73 days<\/span> – per year<\/span>. <\/span> <\/span><\/p>\n

Five2one manages the distribution in a system that easily and clearly controls who has which weeks<\/span>, so that all <\/span>5 <\/span>owners <\/span>are<\/span> equal<\/span> in terms of availability in low, mid and high season <\/span>.Weeks<\/span>can <\/span> befreely <\/span>exchanged by mutual agreement<\/span>. <\/span> <\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Yes, if<\/span> you want to sell your ownership share, you can sell freely and we are happy to help you market it on our website <\/span>and, in ads etc. <\/span> Because you’re selling shares in a company, it’s simple and straightforward. You set the price yourself and the other co-owners of the home have the right of first refusal. Often they will know someone who wants to buy into a luxury home that their friends or family already own a share in. <\/span><\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Five2one does not advise on the tax aspects of buying a home, as many factors can affect the individual family’s tax situation. However, when buying a home through Five2one, you can rest assured that we have collaborated with the best Danish and Spanish lawyers and accountants to build the concept. <\/span><\/p>\n

Five2one is always available for an informal discussion, and we are happy to put you in touch with the best advisors in the field. <\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Latest shared houses in the sun<\/h2>\n \n

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