SHARED COTTAGE OWNERSHIP IN ONTARIO
A Smart Alternative to Cottage Rental
Frequently Asked Questions
What makes a Chandler Point Corporation Cottage unique?
What is Shared or Fractional Cottage Ownership?
Why is shared ownership a great alternative to renting?
What do I own?
What is meant by Carefree Shared Ownership?
How often can I use the cottage?
Can I loan my cottage to friends or family? Rent it?
Can I re-sell my cottage shares?
Can I exchange my weeks with other vacation destinations?
Who is the builder?
Can I have guests?
Are pets allowed?
Is smoking allowed?
Can I keep a boat on the property?
Is parking available?
What makes a Chandler Point Corporation Cottage unique?
First, a Chandler Point Corporation cottage is a real cottage. Each is a traditional, stand-alone structure, not a townhome, condo or part of a larger multi-unit building.
Second, Chandler Point cottages are all lakefront cottages with lots of shoreline .
What is Shared or Fractional Cottage Ownership?
Shared cottage ownership is an alternative that revolves around the concept of purchasing shares in a cottage, while leaving the worries of constant maintenance and upkeep to professional management.
Each share purchased is tied to a number of weeks you “own” exclusive and unlimited use of your cottage.
Why is shared ownership a great alternative to renting?
Renting a cottage is always a bit of risk. You must place your trust in a stranger and never really know what you are going to end up with until you get there. Even if you do luck out and find a cottage that fits your needs, availability can be an issue from one year to the next. A Chandler Point cottage is impeccably maintained and there for you to enjoy every season, year after year.
What do I own?
Along with your fellow cottage owners you own all of the property and buildings in the cottage community through the Cottage Owners Association, the owner of record.
What is meant by Carefree Shared Ownership?
All Chandler Point Corporation cottages are maintenance-free. Your cottage is completely cleaned and linens changed between the arrival and departure of each cottage owner. Ground maintenance is conducted all year round. Major repairs are accomplished during two maintenance weeks.
How often can I use the cottage?
Cottage usage is tied to the number of shares you purchase. A one-tenth share equates five weeks of unlimited usage, one week for each season of the year, with one additional week.
Can I loan my cottage to friends or family? Rent it?
Yes. Please notify management of your intentions. We kindly ask that all guests adhere to the cottages code of conduct.
Can I re-sell my cottage shares?
Your shares are completely transferable, to family, to friends and to interested parties. Subject to the procedures set out in your ownership agreement.
Can I exchange my weeks with other vacation destinations?
Your real cottage is also the doorway to other vacation dreams. Fractional ownership allows you to exchange your week(s) through RCI to enjoy over 3,700 affiliated worldwide vacation properties.
Who is the builder?
Chandler Point pioneered shared cottage ownership in Ontario in 1998 and has remained the leader in the field ever since. Based on the great success of its first four cottage communities, Chandler Point is pleased to introduce the Group of Seven Cottages. Since 1998, over 600 families have come to embrace the true spirit of cottage ownership that only Chandler Point delivers.
Can I have guests?
The cottage is yours to enjoy with whoever you please. There is an occupancy limit. Please ask management for details.
Are pets allowed?
Yes. There are some cottages that are designated as pet-free for those that suffer from particular allergies.
Is smoking allowed?
In order to respect the preferences of all our owners, all our real cottages are smoke-free.
Can I keep a boat on the property?
Every cottage owner has access to a boat slip for the time you have at the cottage. You also have a varied collection of canoes, kayaks, fishing and paddle boats at your disposal.
Is parking available?
Each cottage has its own private driveway and parking for two to three cars.
