fractional ownership

Several properties within PCTH are owned by multiple owners in a type of time share regime call "fractional ownership"; however, each fractional owner has a deeded interest in a particular property and not a common interest in a group of properties, as with most time share arrangements. PCTH fractional ownerships are divided into two groups - quarter-share owners and eighth-share owners. Each fractional owner is assessed a monthly maintenance fee to cover the costs of operating and maintaining their home.

  There are separate corporations in place for both the quarter-share and eighth-share properties, that are responsible for collecting the fees and making expenditures on behalf of the fractional owners.  Fractional share properties have their own elected Board of Directors, Financial Management and Property Management - each under separate management agreements - with their Board independent of the PCTH Board of Directors.

BOARD OF DIRECTORS

Governing the 6 Townhomes with Fractional Ownership

Governing Documents

2022 Usage Calendar
2023 Usage Calendar