Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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#32
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I think this could work between close, compatible friends or maybe in-laws who have perhaps taken many vacations together and did fine, and maybe also able to use it at the same time. But would never take the risk to do this with strangers. But - why not buy on your own (maybe smaller and cheaper than you would prefer) and rent it out as much as possible when you are not using it? There are no rules about renting here - it is totally up to the homeowner. I think there might be a demand for short term rentals during the season especially, which could suit the original poster.
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#33
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__________________
Judy & Ron Village of Sanibel 11/11/11 |
#34
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The further a society drifts from truth the more it will hate those who speak it. George Orwell. “Only truth and transparency can guarantee freedom”, John McCain |
#35
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Don't do it. Purchase your own home here. You don't need the complication of a potentially deadbeat business partner who doesn't hold up their end of the bargain.
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#36
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I never get tired of posters telling people what idiots they are for considering something. There are so many experts on everything that it is a wonder people don’t come here for marriage counseling, legal advice or any other important milestone in their life. We considered co ownership and not because we couldn’t afford our own place, but because since we were both (Couples) going to be seasonal residents it just made sense to split all the costs, and because we got along so well. I personally, would not consider doing it with a stranger or strangers, and would be sure to have everything spelled out in a legal buy/sell agreement before any money changed hands.
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Oldcoach Ed "You cannot direct the wind, but you can adjust the sails" "Be yourself - everyone else is taken" |
#37
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My thoughts/questions - Would TV treat both couples as owners in a single-family residential area? Would both owners be at TV in the same months? I have read that when you lease your home that you turn in an ID so that an ID can be issued to the person leasing/renting your home. I'm not in TV yet but will be in 30 days so I don't know if that is accurate or not. I am presuming that if this is a rule of TV it is so there is not double dipping on the fees. If I was considering it, I would want to make sure that all four people could play golf at the same time if they want.
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#38
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The further a society drifts from truth the more it will hate those who speak it. George Orwell. “Only truth and transparency can guarantee freedom”, John McCain |
#39
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I agree that, unless you have known the person for many many years, this could turn bad fast. Iron clad contracts can end up in court when one of the signers wants to get out of it, or comes up with a situation not covered by the contract. And if it ends up in court, I think the property would go to seed in the meantime.
Speaking as a full-time resident here, I don’t care for people thinking of The Villages as a “resort”. This is my home now, and I have gotten to know my neighbors well. For “transients” (yes, this includes renters) or part-timers with less at stake, I have seen people come in for a short period of time and party like this is a resort, drink to excess, and/or drive around laughing, screaming, and dumping trash on the cart paths. Then they leave. A fractional owner, in my opinion, is even less desirable than a renter.I recognize that not every renter does this, but I think many of us have seen this behavior, so don’t reply telling me not everyone does this. I know that. This is my opinion. If a fractional owner moved in next to me, I wouldn’t want to get to know them, because they aren’t here long enough to establish a deep relationship with their neighbor. If a neighbor rented their home to the same person on a regular basis, I would be able to get to know them. Again, this is my opinion.
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Teach your daughter how to shoot, because a restraining order is just a piece of paper. |
#40
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The orlandos in the shoe 👠
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smallest cottage than this arrangement |
#41
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The only situation of shared ownership that I am familiar with was withing an extended family. Three couples each bought one third. Overall it was a success but I heard second-hand of disagreements among the parties and the difficulty of sorting it out. For example, "I think we should remodel the kitchen". "We should replace the carpeting" etc. This group was very cooperative on splitting up the time but I believe that could become a source of frustration as well.
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#42
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What a great way to make friends your enemies
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GO STEELERS |
#43
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Unless you have true, trusted friends who share your values and tastes and you are flexible, easy going, and agreeable. We have such friends.
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Oldcoach Ed "You cannot direct the wind, but you can adjust the sails" "Be yourself - everyone else is taken" |
#44
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#45
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OP asked a simple question, and 3 pages later, nobody has answered it. Just 3 pages of pearl clutching keyboard warriors who are all legal and real estate experts in their own minds. The paranoia here is really sad. |
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