Frequently Asked Questions

This is the first  fractional co-ownership vacation home project at Lake Powell.  Each townhouse unit is owned by a Limited Liability Company formed in the State of Utah and registered in Arizona. Each unit will have up to 16 ownership interests. Each ownership interest is entitled to a specific designated calendar week of use during the prime season which begins on the Friday before Memorial Day and ends 16 weeks later. Each weekly ownership is for 7 nights with check in availability at 4 pm on Friday and check out the following Friday by 10 am at The Cliffs at Lake Powell.   Each owner is able to reserve up to 14 additional days per year.  All non-used nights will be put into a managed rental pool.  All revenue for each unit will be split equally with the unit owners after a management fee of 15% is deducted.   This fractional share can be given, sold or passed on to another party.   It is "ownership" in an LLC that holds title to the actual physical town home.  

Each Townhouse is approximately 1,500 square feet and consists of 3 bedrooms, 2 1/2 bathrooms and a single car garage.  It sleeps a total of 12 people and has a nice back patio with a BBQ and outdoor furniture.   The interior is full furnished including all the amenities that are needed to make your stay comfortable.  You can review the unit furnishings section below for a complete list of what is in each unit.  The total development will have 36 townhomes.   All the building sites with utilities and roads have been completed.   

There are two large hot tubs planned on site with one being installed in phase one.   

The project currently consists of two phases. Phase I is built and nearing completion of the amenities. Phase I consists of 2 buildings, each with 4 townhouse units and community hot tub.  Phase 2, which consists of 8 townhouse units and is planned to start construction in April of 2024, with and estimated completion of April of 2025.  We currently are not planning additional phases that will be fractional ownership.   

1.  To reserve your share (ownership interest)  a $5,000 reservation deposit will be placed in an escrow account.  This deposit is 100% refundable for up to one week (7 days), while the owner does any due diligence.  At the end of 7th day, at 6 pm,  the reservation fee becomes non-refundable.

2.  An additional earnest money deposit of $15,000 is due at that time.  This amount is non-refundable. 

3.  The full amount of the ownership interest is due by 30 days from the initial earnest money deposit.  

Each townhouse unit will be owned by a limited liability company.  Each LLC will have up to 16 owners.  Each membership is entitled to 1 calendar designated week during the prime season and up to 2 additional floating non-prime weeks. 

Each owner has 7 assigned calendar nights per year.   Each owner is able to reserve up to 2 additional weeks at no additional cost (except for cleaning).  During the annual LLC meeting, each owner has the option to select up to one additional week in a rotating order assigned in the order that the units were purchased.  The same process continues for the selection of an additional week, totaling 3 potential weeks per owner.  This order changes each year with the first moving to the last and each position moving up in the selection process.   After this meeting all remaining open days will be open to the public at market rates.   All revenue from these additional nights less a management fee of 15% will be returned to the LLC account.  This can be used or distributed at the LLC's direction. 

Yes, through popular vacation rental platforms.  The average per night rate is between $750 and $100 per night depending upon the time of the year.   The revenue generated from the rental of each unit is equally distributed to the unit owners at the end of the year after a management fee of 15% is deducted. 

The annual calendar week is selected when purchasing the unit.  Each week will remain the same  for  a membership interest.  A purchaser may purchase more than one membership interest.  The cost of a specific calendar week is tied to the popularity of the week.   Variables influencing cost are, time of the year and location/type of the unit. LLC members can trade/exchange weeks amongst themselves at no additional cost. 

If you would like to rent our week, the management company will rent out the unit for you.  If they are able to rent it, a fee of 15% will be deducted from the proceeds.  The net amount will be returned to you.  

Membership days in the prime season not used by the specific owner will be rented out at market rates.  The net rental revenues less the rental platform costs and also less 15% management fee will be remitted to the specific owner.  Rental income during the off season will be pooled and distributed based upon the number of membership ownerships not being used by a membership owner.  Rental platform costs, i.e. VRBO or others, will be deducted plus a 15% management fee. 

Each membership interest is responsible for an annual management fee of $2,000.  The fee is due by March 1st of each year.  This fee is subject to change based upon changes in the cost of the management of the property.  The cost covers the following;  HOA, Utilities, insurance, onsite and offsite management, property amenities and maintenance impound reserves, property taxes, concierge service and a reserve for contingencies.  This fee can be adjusted each year by the management company.  

This is one of the best features of our program.  When a member arrives, the unit will have been professionally cleaned and stocked.  Our concierge service will respond to ongoing needs for paper products and other needs.  When a member leaves, there is no need to clean the unit as each vacancy will trigger the professional cleaning service.  This not only provides peace of mind to the incoming user, but ease of exit at the end of a great stay at the Cliffs at Lake Powell.  The cleaning fee is an additional cost.  Currently, the cleaning fee is estimated to be $250.00 per stay and will be collected from each member or user at the time of reservation.    At the end of the rental, any damages to the unit are charged to the user of the week.    

Please reach out via email or phone to complete the the purchase agreement  form.  

Each unit has a one car garage and parking space in front of the garage.  There are other extra unassigned spaces in the development.    There is not sufficient area in the development to permit parking RV and boats.  Members bringing boats are encouraged to use the facilities at the marina to leave their boats moored while utilizing their membership interests.  Management is in the process of negotiating offsite parking for larger vehicles like RV's and boats.  There will be an additional cost for this service. There is on street parking outside the development for boats and RV as well. 

The Cliffs at Lake Powell has two levels of management.  There is an HOA  which manages the entire development known as The Cliffs at Lake Powell.  Currently, there is a HOA fee of $200 per quarter assessed to each townhouse unit completed in the development.  The developer, D. Jensen Enterprises LLC will manage the individual LLC's for each townhouse unit associated with this co-ownership vacation home opportunity.  There is a $2,000 annual management fee collected at closing from each membership interest owner.  This annual fee is payable by March 1st of each subsequent year.  The HOA fees are included in the annual membership fee.  The HOA has a local manager assigned to insure that you have the best experience.   

Each unit is owned by an LLC.  Each LLC will be required to have an annual "virtual" meeting which with will be attended by the management company.  In this meeting, each member will be able to suggest improvements to the unit which will need to be approved by a simple majority vote of the owners.  During this meeting additional weeks will be selected by the owners.  It is required that this annual meeting is held by February 1st of each year. 

During the annual meeting, each owner will have 2 chances to select up to 2 additional weeks.   The first week's (or days) selection will follow the order in which the shares were purchased until each owner has a chance to select up to an additional week.   The process is repeated for the second week selection with a "reverse" order.   For example, the person who was the last to select in the first round is the first to select in the second round.   This order is advanced each year by the first person being moved to the last place and each person advancing in the order in which they get to make their selections.   On February 1st of each year, all unreserved nights are released to the management company to rent to the open market with the proceeds (net a 15% fee) being returned to the LLC.   Weeks reserved outside of the assigned week by the owner cannot be rented out for the sole benefit of the member.   If the owner is unable to use their additional reserved days, they are asked to notify the management company so those days can be potentially rented and the proceeds shared by the total unit LLC ownership. 

These fees are the sum of underlying estimated costs to manage, maintain and operate the property. They include such items as insurance for the property, the buildings, the inside of the buildings etc., maintenance, operating the rental programs, utilities and other costs that are all subject to change.  We do not anticipate have to adjust these fees for the first 3 years of the operation, however if the cost to maintain and operate the properties increase, then the annual fee will be adjusted. 

You are welcome to sell your ownership share if you decide that you no longer wish to use it.  You can sell the share yourself and the management company can transfer the share for a cost of $200 to the new owner.   The management company can also market and sell your share for you for a 6% fee of the sale proceed. 

The town homes are conveniently located within walking distance of the downtown area for access to food and entertainment.   Local tours are available of many scenic attractions.  The development conveniently has trail access to mountain bike and walking trails around the city.