What kinds of fees can I expect with my Laurian Club investment?
- Asset Management Fees: As compensation for the Manager’s services, the Limited Partners will pay the Manager an annual asset management fee in an amount equal to their pro rata share of one percent (1.25%) of the greater of (a) the total net asset value of the Company properties, plus all cash and cash equivalents then held by the Company, or (b) the aggregate Initial Capital Contributions of all Limited Partners.
- Use Fees: Exchange fees to Partners and charges for amenities like groceries, activities, or additional staff are the direct financial responsibility of the Partner at the time of use.
- Redemption Fees: Should the Limited Partner request that the Company redeem their Units, the Manager shall be entitled to assess redemption fees according to the following age of units premiums: 2-3 years: 5%; 4-6 years: 3%, 7+ years: no redemption fee.
- Closing and Administration Fees: In the event of a transfer of Units, The Manager will be entitled to assess a closing and administration fee of 3%.
Laurian Equity Residence Club presents an opportunity to be a passive investor, earn income, realize appreciation, and use the properties; all fully serviced, managed, and maintained. It’s a good choice for those looking to co-own a second home or vacation property in any of our Laurian Club cities: Austin, Charleston, Georgetown, Hale’iwa, Hamptons, Las Vegas, Los Angeles, Miami, Napa, New York, Palm Springs, Park City, San Francisco, St. Petersburg, Taos.