Owner Rights and Responsibilities
Shared ownership provides exclusive use of the cottage during scheduled weeks along with a set of guidelines that support the property and the ownership community.
In This Guide
Exclusive cottage use
Scheduled annual weeks
Owner-to-owner exchanges
Flexible rental options
Shared property care
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Ownership at The Diamond provides exclusive use of the cottage during scheduled weeks along with flexible options for how those weeks may be used.
Owners may enjoy their weeks personally, rent them, or exchange weeks with other owners when schedules change. At the same time, a set of shared guidelines helps maintain the property and ensure a consistent experience for all owners.
This guide explains the primary rights and responsibilities within the ownership program.
Exclusive Cottage Use
Each ownership interval provides exclusive use of the cottage during scheduled weeks.
During this time, the cottage is reserved entirely for the owner and their guests. Owners return to the same cottage each year based on their assigned interval.
This structure allows families to enjoy consistent visits while maintaining familiarity with the property.
You can learn more about how intervals are organized in Shared Ownership Structure.
Renting Your Ownership Weeks
Owners may choose to rent their scheduled weeks if they are unable to visit.
Owners have full flexibility to arrange rentals independently through platforms such as vacation rental websites or through personal bookings. When owners manage rentals directly, they retain 100 percent of the rental revenue.
Owners may also choose to have the resort assist with rentals. In this case, rental bookings are typically shared on a 50/50 revenue basis.
Participation in rentals is optional and there is no mandatory rental pool.
Flexible Ownership With Shared Standards
The ownership structure allows flexibility for how weeks are used while maintaining consistent standards across the cottages.
- Exclusive cottage use
- Optional rental flexibility
- Owner-to-owner exchanges
- Shared property care
- Long-term ownership stability
These guidelines support both flexibility for owners and consistent property management.
Week Exchanges
Owners may exchange weeks directly with other owners within the same cottage.
These exchanges allow owners to adjust schedules when travel plans change or when different seasonal weeks are preferred.
Week exchanges are arranged directly between owners and do not affect the overall interval rotation system.
Property Guidelines
Ownership includes shared responsibility for maintaining the cottages and supporting the overall ownership community.
Guidelines help ensure that cottages remain well maintained and that each owner enjoys a consistent experience when arriving for their scheduled weeks.
Because cottages are designated as either pet-friendly or pet-free, owners and guests must follow the policy assigned to their specific cottage.
Ownership Transfers
Ownership intervals may be transferred to family members or sold through real estate agents.
Some owners include their interval in long-term family planning, allowing future generations to continue enjoying the cottage.
Ownership transfers allow the program to remain flexible while supporting long-term participation in the ownership community.
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Ownership Designed for Long-Term Enjoyment
Shared ownership at The Diamond allows families to enjoy consistent cottage time while maintaining flexibility in how their weeks are used.
Owners may visit, rent their weeks, exchange time with other owners, or plan long-term ownership transfers as their needs evolve.
When you are ready to learn more about ownership opportunities, you can explore ownership options.
