After completing the purchasing process, the next move at a luxury fractional is to make reservations. Peak vacation times could bear on your reservations, so know the ropes. Helium Report breaks down some of the essentials for you below:

The Reservation

The number of in-residence days at a private residence club depends on the fraction that you purchase. In order to claim the in-residence days, you must contact the club and make various holiday, advanced, and spontaneous space-available reservations.

Holidays represent the very highest demand, and generally include key weeks such as Thanksgiving, Christmas and New Years Day. With most clubs you’re assured occupancy for these dates at least every few years, depending on share size, inventory, and owner usage patterns.

After all the owners have confirmed their holiday and reserved weeks, some private residence clubs allow a further allotment of advance reservation time that owners can reserve. This allows owners to enjoy planned vacations beyond the time that can be accommodated during the peak season. Again, the terms vary by club.

Each residence is sold for less than the full 52-weeks, to ensure that each owner is satisfied with a fair share of peak-period availability. This affords owners the opportunity for extra visits on a “space-available” basis, often with no annual limits.

For a complete perspective on fractional ownership, download our Decision Guide to Private Residence Clubs.