Why is Storylines Offering Fractional Residences?
Storylines consistently receives interest from people who want to live aboard MV Narrative part of the year. It has always been our goal to make this lifestyle accessible to a wide variety of like-minded global citizens of the world.
- We believe that part time residents will contribute to the community as much as residents who hold 100% share of their unit.
- As long term residents, they will be returning to the ship every year which contributes to a cohesive and neighborly environment.
- We will still have a rental program and there will now be a more limited supply of residences available for rent which means less competition for those who plan to rent their unit out.
- We are only releasing a limited number of units for shared purchase.
- We believe the residences with 100% shares will have even better resale value due to being more limited in number.
I already have a residence reserved. Can I switch it to a fractional unit?
Yes, if you plan to find your own people to share it with. Otherwise, if you would like to choose one of the shared RU2 or RU4 units currently reserved, Storylines identifies the residents and you would be switching to the new published pricing.
How many people are sharing each residential unit?
They are available in 25% shares. Most units will have two to four people (25%-50% shares).
Are there any limitations which other units don’t have?
Yes. You cannot customize the unit with options and upgrades and you cannot have pets. The shared purchase units are configured with the Coastal interior design theme. There are various floor plans and bed arrangements to choose from and there will be some appliances included – please see the description in the listings for details. However, individually chosen options and upgrades are not available for these residences.
How flexible is it? What if I can’t use it this year or if I want to travel a different season?
Your vacation home is part of a block of 10 residences of the same unit type. That means 40 seasons and up to 40 residents who are all in the same ‘club’ together to swap seasons. For example, swap Spring for Winter one year or skip your season one year in order to travel 6 months the following year at the same price.
I am a current resident. Will fractional units make the ship more transient?
No, quite the opposite. This will result in fewer residences being rented out. These are long-term residents who return to the community year after year. Renters may come on board one time then you never see them again.
I am a 100% resident owner planning to rent my unit when I’m not on board. How will the shared units affect the rental program?
We believe this will result in having fewer units in the rental pool. In your case, this would be a benefit due to less competition.
What is the fractional lease term?
You will have the ‘right to use’ your residential unit for three months per year for the lifetime of the vessel.
I only see RU2 and RU4 options available. What if I want a 25% share of a different residential unit type?
If there is enough demand for other unit types, we may consider expanding the program. We would only release unit types of which we have a block of 10 available.
How does this work for families with children?
Your children can continue their education on board through our worldschooling education program which includes small group learning pods, accredited remote learning providers, and field studies around the world. While your child’s peers are learning about ancient Rome from a textbook, your family is on a guided tour of the Colosseum with a historian.
How do I know the people I am sharing my unit with will take care of our home?
Every potential resident undergoes a strict vetting process. We ensure every member of the community shares similar values to our guiding principles. If, however, in the rare case there is any damage, they will be held liable and cover the cost of repairs.
Can I store my personal belongings when the other residents are using the unit?
Everyone has access to limited space outside the unit to store a few personal items. Keep in mind you have access to sporting equipment such as snorkeling, scuba, paddle boards, golf equipment, bikes and more. It is a turn-key residence so you won’t need to bring much.
What if the other co-residents agree to allow pets in the unit?
We know how hard it is to leave your furry companion behind. Pets are not allowed in our shared units. We have reliable WiFi to allow you to video call daily. Kennels can be hard on pets so you might consider in-home boarding at someone else’s home through Rover.com, in-home pet/home sitting at your own home, or leaving your pet with a friend or family member.
Will the full-time community on board accept us as real residents?
We are carefully cultivating a global community of people who come from all walks of life yet share a common thirst for adventure and knowledge about the world and its people. You will be welcomed with open arms as part of this unique community and we look forward to seeing you year after year.
Would the same unit be assigned each year?
Yes, it’s your residence. You would return to your unit year after year unless you opt to swap with another resident in a different unit in your ‘club’ (a block of 10 residences all of the same unit type).
Can I change unit type?
Are there monthly fees? Will I get the same benefits that other residents get?
Yes, please see the brochure for the fees. You get all the same inclusions as other residents.
What happens with my Circle Membership if I switch to a shared unit? How is the membership discount applied if I switch?
You can still be a Circle member. The discounts are applied in the same way.
Are guests allowed in the shared units? What are the fees for guests?
Yes. Guest fees are the same for all units. Guest fees are published in the FAQ.
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