Legal Co-ownership Structure

Initial Consultation

We offer a complimentary initial consultation to discuss your project.

Experience the epitome of stress-free ownership with Lifestyle Asset Group

Our co-ownership model offers a smart, sensible, and affordable co-ownership model. Lifestyel Asset Group will manage all the moving parts of co-owenrship and operate each property on behalf of the co-owenrship group so each owner can enjoy every minute of their vacation - and leave the rest to us.

Step 1: Initial LLC Setup and Formation

The co-ownership structure will be set up by our legal team and includes creating an LLC and operating agreements for each co-owner to sign. Set up includes:

• Create the Operating Agreement

• Establish Share Pricing

• Create Annual Budget

• Assigning a Managing Manager

• Establish a Voting Structure

• Exit Strategy Solutions

• LLC Formation and EIN Acquisition

• Joint Bank Account Setup

• Foreign Entity Filing

• Registered Agent Designation

• Customized Marketing Website to Share the Opportunity with Friends and Family

• Reservation Protocols Set Up for the Group to Pick Their Weeks

Step 2: Create the Buyer Group and Raise the Capital to Acquire the Property

• Lead Follow Up

• Book Discovery Visits to the Development

• Oversee the Property Acquisition Process

• Manage the LLC Capital Contributions to Close on the Property

Fee Paid by the Co-Owners: 12% of the property value, paid at closing of the property, to the Lifestyle Asset Group/Luxury Shares team

The developer's agents receive their standard listing commissions

Any buyer agents who bring co-owners to the group will also get paid 2.5% - 3% of the share price at closing,

Step 3: Post-Closing Operations Management Services

• Pay all Invoices for the LLC

• Annual K-1 Prep for Tax Filing

• Assign a Dedicated Reservations Manager to the Group

• Stay Compliant with HOAs

• Dispute Resolution between Co-Owners

• Survey Collection for Ongoing Property Maintenance

• Provide Quarterly Financial Newsletters

• Manage Local Trades/Maintenance

• Annual Budget Review Meetings with Co-Owners

• Vehicle/Golf Cart/Bike Setup and Maintenance

• Home & Vehicle Insurance Management

• Rental Management and Income Distribution

• Interior Design (Cost of Designer + 10%)

Fee paid to Lifestyle Asset Group by the Co-Owners: $500/month billed to the LLC + 10% of annual operating expenses

Example: If the property costs $75,000 per year to operate, LAG will bill the LLC $500/month plus $7,500 = $13,500 per year