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Sun Coast Leisure introduces Shared Ownership Plan
Sun Coast Leisure is expanding its property management to include shared ownership properties. In a tie-up with Legal Release, properties bought with multiple buyers are to be managed by Sun Coast Leisure.
Buyers pay as little as £7,000 for their share and the yearly maintenance is split between all buyers therefore is very cheap. Sun Coast Leisure handles all aspects of the property from paying community fees, water and electricity, also cleaning and maintenance. There is a scheduled usage policy which is also under the management of Sun Coast Leisure and in nearly all cases, there are floating weeks which can be used on a first come, first served basis.
Sun Coast Leisure has been operating as a property management company on the coast of Spain for 8 years. During the last 4 years, because of the changing property and tourism markets, many companies have closed allowing Sun Coast Leisure to increase its client base considerably.
Legal Release approached Sun Coast Leisure last year due to the growing reputation for reliability and value for money. Now they work together to provide a solution for ex- time-share owners that still want the long term investment in holidays without the ever soaring maintenance costs that are associated with time-share.
Properties are individually sourced direct from owners and the sale process started once a price is agreed. Dealing with multiple buyers within the Spanish legal system does mean that there are no fast sales, but one option for the overseas vendor is to keep a share for themselves to continue to enjoy their property.