Fractional or Joint Ownership means that one does not own the entire property with the corresponding responsibility for the entire property but rather a portion or fraction that corresponds to the time that one want to spend on vacation. Each member or shareholder towards the maintenance of the property makes a contribution.
Such a property is registered in the name of a company or CC whose only asset is that property, which has 13 shareholders ? entitling each shareholder 4 weeks use of the property per year.
With a rotational roster in place, every Member or Shareholder is ensured of spending four weeks of the year in his holiday home with during the years a fair share of high-season, in-season and out-of-season vacations.
Benefits

   1. Better value for your money.
   2. No maintenance, ensuring that you do not spend your valuable holiday time doing renovations.
   3. Having fractional ownership, you enjoy capital growth on your investment.
   4. You may rent out your un-utilized holiday period or swop it for another period from a
       co-fractional owner.
   5. Lower maintenance costs because they are shared between all members or shareholders.
   6. Less concern about security because of higher year-round occupancy.

Costs

What are the monthly rates and upkeep costs? Each member or shareholder towards the maintenance of the property makes a contribution, which as a norm will consist of the following:

•      Home Owners Association Levy
•      Building & short-term insurance
•      General maintenance and provision for future maintenance
•      Bank Charges
•      House cleaner or Cleaning Service
•      Pool and garden maintenance
•      Annual Tax Returns
•      Cleaning Consumables
•      Accounting and secretarial services
•      Rates, taxes, water, & lights.

This sum will naturally be reviewed at the end of each year when the auditor/chairman presents his accounts for the property company and you, as members or shareholders to vote on the rate of the levy for the following 12-month period.
Mjejane Game Reserve

Fractional Ownership is just launched as an investment opportunity within the Mjejane Game Reserve. There you find:

•     Option A: Exclusive 7 bedroom (all en suite) riverfront fractional ownership lodge

Fully furnished and equipped seven bedroom lodge to be built on a double stand on the edge of the Crocodile River. Being a double stand provides the potential for future extension to ten bedrooms.

•     Option B: Five bedroom (all en suite) riverfront fractional ownership

Fully furnished and equipped five bedroom lodge to be built on a stand which was chosen for its unbelievable and stunning view over the Crocodile River along a section of the Kruger crossed by game trails leading down to the water's edge