Frequently Asked Questions
Property Ownership and Title
No, these properties are fully titled, offering owners complete ownership.
Yes, each unit includes a fully titled parking space as part of the purchase agreement.
No, there is no sales tax or VAT applied to the purchase of real estate in these developments.
Financial Returns and Fees
This return is calculated based on occupancy and ADR (average daily rate). It reflects the net amount paid to the owner on a quarterly basis after management fees have been deducted.
These fees are automatically deducted from your quarterly payments or distributions.
Profit is distributed based on the ownership percentage of the complex established at the time of purchase.
Usage and Flexibility
No, the property operates like a hotel, allowing you to stay in any available unit of comparable size.
Yes, your guests can use your allocated time without restriction, provided they comply with HOA rules.
Yes, guests staying at Mono Luxe Villas have access to the Mono Loco Private Beach Club during their stay.
Yes, owners receive discounts of up to 10% on certain products and services. However, these discounts are not extended to guests when the owner is not present.
Management and Maintenance
Owners are responsible for maintenance and normal wear and tear. However, guests are required to pay for any damages they cause.
Yes, you may sell your unit at any time. We recommend using Blue Water Realty, led by Lauren, as the listing broker. Additionally, if a unit needs to be sold quickly, other owners are given the first right of refusal.
Additional Information
Each unit includes a designated parking space, and specific rules regarding vehicle types or usage may be outlined by the HOA.
Yes, the properties are professionally managed, ensuring a seamless experience for both owners and guests.
No, as part of the managed rental program, your unit can be rented out without restrictions.
Yes, but significant modifications must be approved by the HOA to maintain the aesthetic and functional integrity of the complex.
The Mono Loco Beach Club features exclusive beachfront access, dining, wellness facilities, and concierge services designed to enhance your experience.