How to establish trusting to the co-owners

How do the officials regard to such clubs and associations? What legal status do we have? How are the arising conflicts solved, for example, if the co-owners are eager to sell or re-register their joint property? The answer to such question is one of the basic solutions admitted by the co-owners before the purchase of real estate: who and in what status will own, have the right to use and administer real estate and land under it from the point of view of the official authorities.

Within the decades, it has been elaborated and covered by the legislation the system of joint possession of real estate via a trustee, a company with activity regulated legally and limited by rendering of service in organizing, provision and supervision over joint possession of any property. Such property can be presented by stocks, or shares in the enterprises, means of production or physical goods, author rights or a villa, a house or a flat.

Holiday ownership is a most flexible and convenient system for organizing of property possession. The property is purchased and registered in equal ownership for two parties, a club and a trust (a trustee). Under this ownership scheme, any change in the ownership structure of a particular property requires the consent of both the club and the trust.

The club and the trust agree how they will distribute the property rights for each particular object of property. The common scheme is distribution of the property right per weeks. The club informs the trust about the emergence of a new owner, reports what weekly periods and in what properties the owner has purchased. Trust services are paid by the club and are unavoidable costs, as the trust is a co-owner of the property equivalent to the club, and the club cannot change the trust for the already deposited real estates.

The trust keeps records of all co-owners and provides the co-owner with a certificate only if the required number of weeks for the new co-owner is not occupied by other co-owners. The certificate from the trust is an official guarantee from the trustee that the interests of the co-owner for the use of real estate are taken into account and accepted for the guarantee by the trust (a third party with ownership and disposal rights) to the required extent.

 Well-protected and arranged holiday

After listening to friends who boasted that they themselves made a travel to Montenegro, having independently booked an accommodation on the site we decided to follow their example. We chose a hotel with quality-price ratio being very good, in our opinion. During the booking process, we provided our credit card details, although payment for the accommodation booked on this site is made on site upon arrival, the hotel reserved the right to charge our card of the daily cost of accommodation there. All this would be normal until three days later we received notification that the cost of our accommodation would be almost twice the booked, and we could cancel the reservation only with the loss of the daily cost of hotel accommodation withheld from our card. All attempts to deal with the situation, either appeal to the website, or to the hotel, led to nothing. This feeling of complete powerlessness and helplessness in this situation was remembered for a long time. Therefore, on the first trip by Alliance Family Club we were able to appreciate all the advantages of a holiday well-organized and protected by the trustee Global Actual Services.

The Zholdoskaliyevs family (Kazakhstan)
The members of the club, the owners of T1