Legal model FAQs

Home » FAQs » Legal model FAQs

With fractional home ownership, do I actually own a share of the home?

Absolutely. This involves the same deeding process that you would go through in the traditional home buying process. What we do at Moai is create a locally incorporate company via an LLC that is set up specifically for the purpose of owning real estate. You can then buy shares of that ownership and, along with the other co-owners, are shareholders in that LLC.

How many shares of a home can I purchase?

Shares are sold in one-eighth fractional portions and each share entitles you to six weeks worth of nights in the property. You are able to purchase up to four shares of a particular property, equivalent to 50% of the home.

If I’m interested, do I have to purchase all in-cash or is financing available?

You are able to finance the property through a private financing facility or through several financers that Moai partners with.

Is this the same as a timeshare?

Not at all! Timeshares give people the option to use property, not ultimately own it. And in most cases, timeshares are in high-density condominium or hotel complexes. Moai’s fractional ownership model means that you not actually OWN the house, but it will be a beautiful single-family home appointed with care.

What percent of the home will Moai own?

Each of the 8 one-eighth shares is equivalent to 11.25% of the overall value of LLC shares. Moai owns the remaining 10% of each LLC and is responsible for finding potential coowners, purchasing the house on the market, financing any interior and exterior improvements, and fulfilling all legal requirements.

Am I allowed to bring pets?

Owners are allowed to bring one dog with a weight limit of 80 pounds. No other animals are allowed except for certified assistance animals.