Fractional Ownership with Appassionata - Questions & Answers

Questions & Answers

In a desire to be transparent with all our potential clients we have taken the top 25 questions that potential investors should be asking a company about their development. These questions come from a publication by

, the leading independent source of objective information for the fractional ownership industry.

The questions are not necessarily all relevant to our development but we have included them all as this is the recommended list by the Industry expert.

1. Is the property offered ‘deeded property’?

Yes, the property deeds are owned by a UK based company.

2. What percentage fraction is being offering?

A 1/10th Fraction giving 5 weeks of annual residency. See the Ownership Section for more information.

3. Are the weeks offered fixed or variable?

The weeks are reserved each year, on a rotating priority basis, ensuring that 2 of the weeks are always available in the peak season. See the Residency section under Ownership.

4. Is the building completed yet?

Casa Giacomo is now ready for occupation.

5. What percentage of the total units have been sold to date?

We can answer this specifically when you contact us as this will change all the time.

6. How many price increases has the development had over time?

An increase is planned after the first three fractions are sold

7. Exactly what does ownership include?

The answer is clearly explained in the Ownership Section.

8. May I see a printed list of the fees you charge?

Yes, of course. They will be highlighted as part of the Application Process.

9. If finance is required, how do you recommend I finance the purchase?

We are not making a finance option available for this development at present. Potential shareholders may be able to raise finance externally but recommend you speak to an independent financial advisor.

10. How long has the company been operational?

Appassionata Ltd. has been operational since 2004.

11. Do you mind providing the contact details of some customers who have purchased fractional interests in your properties recently?

We will be happy to.

12. Can I test the reservation process and visit a property before joining?

Yes, we would strongly recommend an inspection trip as soon as possible. We are offering special rates if you would like to actually stay at Casa Giacomo.

13. If I decide to purchase a fractional share in a property, can I change my mind, and if so, by when?

Yes, of course you may change your mind. We allow a 14 day ‘cooling off’ period after we have received your completed application form , just in case you should change your mind.

14. What is the process if I wish to sell my fraction in the property at any time in the future?

You are free to sell your fractions at any time at a price that you agree with the purchasing party. Membership for re-sale must first be offered to existing Members, through Appassionata, before offering to a third party.

15. How does one book for popular holiday periods e.g. school holidays, and what booking system is in place e.g. first come, first served and is there any priority amongst owners?

You will get an opportunity, on a rotating priority basis, to book these periods, and you can always exchange weeks with other owners and the service weeks. see Residency Section.

Your weeks can also be exchanged with co-owners, used by friends and family or rented to a third party.

16. What additional services does fractional ownership cover (e.g. concierge, car rental, airport pick up / drop off) and are there any extra costs?

The Ownership Section clearly states the services included and what additional services are available, at an extra cost.

17. Are there any additional fees or charges applicable in addition to the fractional property purchase?

Yes, there is an administration fee of £500 at the time of application.

18. Does the company have plans to raise prices – if so, when and by what rate and what factors would influence such price increases in the future?

Yes, Appassionata has positioned its initial fractional cost at a very competitive price. It is intended that these prices will increase over time to reflect the true value of the development.

19. Are photos and floor plans available for the properties and are there any ownership rules – e.g. are pets and is smoking allowed?

Photos and plans are available on the website in the download section.

House rules will be made available as part of the application process, two important rules though are that pets cannot be accommodated and smoking is not allowed inside any of the properties.

20. How are the properties furnished? (What sort of style and décor, fixtures and fittings etc.)

You can clearly see the furnishings from the extensive set of photographs and videos on the website.

21. What other amenities can I expect at the resort – e.g. access to vehicles, golf cart and professional access (where applicable?)

The estate of Giacomo Leopardi has an all weather tennis court (with basket ball net), large swimming pool 15m x 6m, a newly planted vineyard, olive groves and wonderful gardens. The website has details in the property section.

22. What is the average amount of days a member currently uses for the plan I’m considering and can you roll-over any unused days to the following year?

We can answer this at the time of application.

23. Does the resort partner with travel agencies, jet, and yacht services or have access to any other assets?

No.

24. Who owns the properties at present and what happens if the property company fails?

The property is owned by a UK registered limited liability company. It is a non trading company and has been established to operate the estate on behalf of all its members. The cost of the development and purchasing the land, has been funded by Appassionata Ltd through an inter-company loan and will be repaid as fractions are sold. There is no external funding for this project.

25. What do you believe are the strengths and weaknesses of the company and properties available and why should I ultimately buy this one in comparison to the choices available?

You will now see increasing choice for Fractional Property in Italy.

The three properties on the Estate of Giacomo Leopardi are beautifully positioned, with sea and mountain views. They are located in the wonderful region of Le Marche where there is a tremendous combination of history, culture and leisure activities. This is real Italy, where many Italians take their annual holidays.

The quality of the construction, interior furnishings and facilities reflect a truly luxurious proposition.

Appassionata is not only the developer but the provider of the property management. We will provide on-going management support for as long as members are happy with the service. We are a small boutique business, not a large faceless commercial organisation.

Our pricing structure reflects tremendous value and is hard to find in an equivalent development. Please come and see for yourself.