LLC ownership: Each home is owned by its own LLC. Buyers join through a Joinder Agreement under the LLC's Operating Agreement, and the share purchase is made directly between the buyer and the LLC. Shares are offered in 1/8 and 1/4 sizes.

BookIQ™ scheduling: Each 1/8 share includes 42 nights per calendar year (84 for a 1/4 share). General stays can be booked 8 days to 24 months in advance, from 2 to 14 nights per 1/8 share owned, with up to 6 hold credits at a time per 1/8 share. Short-notice stays, booked 2 to 7 days ahead, don't use hold credits.

Peak season and holidays: Peak season runs Dec 15 to Mar 31 and the whole of July, with up to 2 peak units per 1/8 share each year. Owners can claim one holiday per 1/8 share owned (3-night minimum), and holiday allocation rotates each year. A 7-night gap is required between two stays by the same owner.

Operating costs: Each owner's share of property taxes, HOA dues, insurance, utilities, accounting and a management fee is collected on a recurring basis by Carving Pointe Collections on behalf of the LLC.

Resale: Shares can be transferred under the LLC's Operating Agreement, which typically gives existing co-owners a right of first refusal. Carving Pointe Collections can coordinate the resale and connect sellers with qualified buyers.

Utah: Heber City, United States