Fractional ownership and investment properties in France from www.harmonyownership.com.http://www.harmonyownership.com/france_properties/Open Realty RSS Feeder. (c)2005, 2006 - http://www.briantafoya.com/Mon, 18 Feb 2008 04:00:37 GMTMon, 18 Feb 2008 04:00:37 GMTen60(c) 2006, harmonyownership.com.rob@harmonyownership.comrob@harmonyownership.comhttp://www.harmonyownership.com/france_properties/french_fractional_ref30.html1/12 Share in large, luxury 2 bed apartment in the Marais with Private Terrace, the perfect home in the center of Paris’ most dynamic neighborhood. , Paris, 75 Paris, Nestled in the heart of the historic Saint Paul district of the Marais, just a stone’s throw from the magnificent Place de Vosges, the apartment at rue Malher is the perfect vacation home for those seeking a relaxing and luxurious setting in the center of one of Paris’ most dynamic neighborhoods. Located on the first floor (American 2nd) of a charming 18th century building of typical Marais style, this 800 square foot 2-bedroom, 2-bath apartment additionally has a beautiful 100 square foot terrace overlooking a secluded courtyard. Totally hidden from the street, this secret garden is yours alone to enjoy. Start the morning on your completely private, verdant terrace with a fresh cappuccino and a warm croissant before heading out to explore the world class museums and fabulous boutiques of the Marais. Or, if you prefer, lull away the day with a selection from the generous library of books and music in the comfort of the spacious living room. In the evening, invite friends over for a glass of wine before dining in one of the area’s top restaurants. Or what could be more perfect than a candlelight dinner for two under the stars in the heart of the world’s most romantic city? Whether you feel like escaping from it all or immersing yourself in Parisian culture, rue Malher offers the best of both worlds. The apartment’s elegant yet comfortable layout makes it the perfect home for traveling with friends and family. The floorplan creates a wonderful sense of privacy as the two bedrooms, each with full ensuite bathrooms, are separated from each other by the large open living and dining area. Retire each night in total comfort and rejoin your guests in the morning around the breakfast table to plan another fantastic day. Professionally decorated in a chic and sophisticated style by a celebrated designer, the apartment is elegant and refined yet comfortable and harmonious - ready to welcome you after a day out enjoying the sights. The Neighborhood In the heart of the Marais, 4th arrondissement Walking distance to Place des Vosges, rue des Rosiers, Ile St. Louis, Picasso Museum & the bridges of the Seine Steps from metro, bus lines, taxi stand & bicycle rentals Usage Calendar Paris is alluring anytime of the year. Yet some prefer the summer months while others want to spend the holidays with friends and family in the City of Lights. 7 Rue Malher offers three usage options combining floating and fixed weeks that allow each purchaser to choose the schedule best suited to his or her needs. Each share comes with 4 weeks of usage each year. With any option, fractional owners can trade weeks with their co-owners, or allow guests to use the apartment. Fully Floating: Fractional owners who choose the Fully Floating option enjoy the property for two 2-week periods each year based upon an automatic seasonal rotation system. This means that one year an owner will have Fall and Spring, and the next year, Summer and Winter. The rotation schedule is defined at the outset, allowing total clarity into your usage in perpetuity. The calendar is designed to maintain a proportional number of floating weeks during each season. Fixed + Floating: Fractional owners may choose two specific weeks which are permanently reserved for their use. They then participate in the Floating system for their remaining two weeks. This option guarantees owners usage during their favorite time of year, yet also allows them to discover Paris at other times. This is our most popular option. Fully Fixed: Fractional owners who plan to visit Paris at the same times every year may choose specific calendar weeks that are reserved for them permanently. For example, a purchaser might select two weeks in early May and two weeks in late September. Fixed weeks are reserved on a first-come, first-served basis Regardless of the option chosen, fractional owners retain the flexibility to trade weeks with other co-owners or to allow relatives and guests to use the apartment. Week 1 includes January 1. Weeks begin on Saturday & are sold in 2-week increments. Weeks not purchased as fixed weeks will be added to the floating pool. 7 Rue Malher reserves the right to make minor adjustments to the calendar to ensure fairness to all owners. Legal Structure The apartment will be acquired via a 12-member homeowners association (HOA) formed under California law. The HOA will own a French corporation (SCI), which in turn will own the property. The rights and duties of each co-owner will be defined in the HOA agreement, which is governed and enforceable under US law. Co-owners may sell, gift or will their shares at any time in accordance with US law, thus avoiding the intricacies of a French real estate transaction. Management & Dues The property will be professionally managed by a specialized Paris-based property management firm. The Manager’s responsibilities will include preparing the annual budget, housekeeping and maintenance, and concierge services. The associated costs for these services will be incorporated into the operating budget and shared equally by all owners. The contract with the management firm will be renewed on an annual basis. Co-owners have the right to discontinue the management agreement if they so desire. http://www.harmonyownership.com/france_properties/french_fractional_ref29.html30 words max, Paris, 75 Paris,