Aflora Residence Club Frequently Asked Questions

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Gaspar Michel

Last update:  2024-06-27

Aflora Residence Club Frequently Asked Questions

Aflora Residence Club Frequently Asked Questions

Here we provide comprehensive answers to all your questions about fractional home ownership, fractional property ownership, and fractional real estate. Whether you're curious about the benefits of owning a luxury residence in Tulum, the details of our ownership structure, or how you can enjoy resort-style amenities with a fraction of the cost and responsibility of traditional home ownership, you'll find everything you need to know here. Dive into the details and discover how fractional ownership at Aflora Residence Club can make your dream of owning a piece of paradise a reality. 

Where is Aflora Residence Club?

Aflora Residence Club is in Aflora Tulum which located in the prestigious Aldea Zama neighborhood of Tulum, Mexico. Nestled in a prime location, it is just a few minutes away from Tulum's stunning beaches and popular tourist attractions. This exclusive community offers easy access to the vibrant local culture, ancient Mayan ruins, and the natural beauty that Tulum is famous for, providing an ideal blend of luxury and convenience for its residents.

What is the Aflora Residence Club?

Aflora Residence Club is an equity-providing deeded fractional ownership in your choice of two impeccable home designs - a one-bedroom apartment or a three-bedroom apartment. Each residence boasts stunning, contemporary architecture and is fully furnished and accessorized. The spacious club residences feature gourmet kitchens that are fully equipped, including modern amenities, elevator access, fiber optic internet, and more. There are up to 8 owners per residence. Each owner enjoys frequent and flexible enjoyment of their elegant homes throughout the year. Your Residence Club staff ensures worry-free ownership and hassle-free vacations.

Do Residence Club buyers own real estate?

Yes. The purchaser will acquire ownership of 1/8 of the property. If the Buyer is Mexican it will be made through a title deed, and in the event that buyer is a foreigner, the purchase shall be made through a ownership assignment in a restricted area trust agreement which will be administered by a fiduciary, having the same rights as if it were a normal property title. This is commonly referred to as a “Fideicomiso” or “bank trust”. Many of Mexico’s most expensive vacation homes have been owned by U.S. Residents and Canadians in this manner for decades.

Is Aflora Residence Club a timeshare development?

No. Timeshare is the right to use only a specific week or a certain number of points. Although appropriate for a segment of the market, timeshare is essentially the pre-purchase of vacations with little or no residual value. Residence Club owners receive deeded real estate ownership and have access to all club residences within their residence category with the right to use anytime, subject to the reservation policies.

Can more than one family or individual share a single ownership?

Yes. Individuals can form legal entities to control an ownership. It will be up to the joint owners to allocate lodging for that ownership in compliance with the Club’s reservations policies.

Have residence clubs been developed in other prestigious destinations?

Yes. Residence club ownership was introduced more than 30 years ago at top-rated Deer Valley Resort in Park City, Utah. Since that time, residence clubs have been enthusiastically embraced by affluent buyers at other premier resorts such as: Aspen, Vail, Telluride, and Steamboat Springs, Colorado; Palm Springs, Napa Valley and Lake Tahoe, California; Tucker’s Town and Southampton, Bermuda; Los Cabos and Huatulco, Mexico. There are also residence clubs in Manhattan and Florence, Italy. Each of these residence clubs is owned and operated much like Aflora Residence Club. The creator of the residence club concept is part of the Aflora Residence Club development team.

What are the advantages of residence club ownership?

Residence clubs combine the benefits of vacation home ownership with the services of a luxury resort. The Aflora Residence Club in Tulum provides owners with generous and flexible vacation use, removes the worries and responsibilities typically associated with absentee ownership, and dramatically reduces the initial and ongoing financial burden.

As a 1/8th owner, how can I vacation at my Residence Club?

As often as you wish, subject only to The Residence Club’s reservation policies. Owners have the flexibility of reserving Planned Vacations well in advance and visiting on a space-available and short-notice basis. Each year, owners may reserve 21 days of Planned Vacations in advance of the Club Year. This leaves significant occupancy for space available and short-notice vacations throughout the year. There is no limit on use. If some owners visit their Club residences less, others can visit more.

What if the number of 1/8th owners wishing to stay at the Club exceeds the number of homes available in their residence category?

Your Club is designed to equitably allocate vacations when demand for lodging may exceed supply. A rotating priority system® ensures all owners will have equal access to high-demand dates over the years. This system has proved fair and equitable for more than three decades

Will Residence Club owners always stay in the same residence?

Owners have equal access to all residences within their unit category.

Can owners reserve more than one residence during the same time period?

Yes. This is a unique and highly prized feature of residence club ownership. Because these owners are not restricted to a particular residence, they can reserve more than one residence at any given time if sufficient residences are available in their Residence Category. This is an ownership benefit that allows you to host family reunions, large gatherings of friends, or corporate retreats.

Do owners have guest privileges?

Yes. Owners may invite guests to stay with them during any of their Residence Club vacations. They also may invite unaccompanied guests to enjoy any of their confirmed Residence Club vacations without a guest fee.

Can owners rent a portion of their vacation time?

Yes. Owners are able to rent any of their confirmed Club vacations through the Residence Club management company.

As a Residence Club owner, can I exchange lodging privileges with residence club owners in other parts of the world?

Yes. The Aflora Residence Club has been selected to participate in the prestigious Elite Alliance® exchange program www.elitealliance.com/exchange . Your complimentary Elite Alliance membership provides exchange privileges with owners at an impressive collection of residence clubs and luxury vacation homes in more than 120 coveted international destinations.

Do Residence Club owners pay a lodging charge when they stay at their club?

No. You and your unaccompanied guests pay only a housekeeping fee to keep the Club residence clean and welcoming during each day of your vacation and to prepare it for the next arriving owner

Do owners pay annual fees?

Yes. The annual fees pay for the professional management and operation of all Club residences. Included in these annual fees are funds for staff salaries, supplies, maintenance, trash removal, legal/accounting, utilities, management fee, property taxes, master association fees, and reserves for scheduled maintenance and replacement of residential furnishings and appliances. Each owner’s annual fees are a fraction of the all-in annual costs associated with sole ownership of a luxury vacation home.

Who establishes the fees and controls the affairs of the Club?

An owner-elected Board of Directors establishes budgets and fees on an annual basis.

Can a Residence Club ownership be resold?

Yes. Like any other form of real estate, the owner’s deeded fractional real estate interest can be sold or transferred by the owner, or sold by a licensed real estate agent, subject to the Residence Club legal documents

Gaspar Michel

Gaspar Michel

Gaspar Michel is a real estate agent in Tulum. I have lived in the Riviera Maya for 3 years and I can help you navigate the pros and cons of each city. I can help you if you are looking to buy a new home for yourself/family, a vacation rental, and/or both. I can help you find your dream home even if you are not a Mexican citizen.

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