Frequently Asked Questions

The idea for 21-5 came from many years of experience selling holiday homes abroad. We could see that many families who were interested in buying a holiday home abroad never managed to do so, and there were many reasons for this. Where should we buy? Would we be cheated? Would it be the right house for us to buy? Would it be more expensive than expected? What if a pipe bursts while we're away? Should we rent it out to keep expenses down? Etc. At the same time, many people have bought a vacation home abroad and, after a few years of ownership, realized that it wasn't their dream home after all. Once you've bought a vacation home abroad, you feel obligated to go every year, and for some it can become a bit mundane. So the idea and concept was born and developed in Denmark, just north of Copenhagen.

It was Laila and Anders Køj who came up with the concept in 2008 and founded 21-5. The work to get everything up and running began in earnest in 2009, and in the fall of 2009, Anders Heisel joined the team. The first owner association was formed in 2012. Since then, several imitators have come along, but we are the ones who invented the concept of multiple families sharing multiple homes in this way.

21-5 is for you who want to own not just one, but 5 holiday homes, allowing you to enjoy multiple homes and destinations in the future. The concept is for you if you do not want to invest time and effort in time-consuming maintenance and administration.

Laila and Lars - who make up our purchasing team - have bought more individually selected homes than anyone else in Europe. They have a completely unique knowledge base for finding and creating the best homes for our owner associations. In fact, we humbly call Laila and Lars the "European champions” of buying homes abroad, because no one else comes close.

We have predefined the homes for each owner association, taking into account both location and size. The final selection is based on an almost infinite number of parameters, and it's a very complex process that we focus a lot on. It's difficult to describe exactly what we prioritize because it varies depending on the destination and use (sun, city, ski, etc.), but our goal is that everyone should be pleasantly surprised when they first open the door, even if their expectations were very high to begin with.

Yes, the collective preferences of the families are part of the basis for purchasing the homes for each owner association.

No, the homes are solely owned by the 21 families.

21-5 acts as the administrator for the owner association when all the homes are in use. We look after the owner association's interests in terms of day-to-day operations, including convening general meetings, and also provide a director for the partnership company. In addition, 21-5 handles the preparation of budgets, financial statements, and more.

Yes, there is a TV in every home. Our families typically log in with their preferred streaming service.

Yes, of course there is Wi-Fi in all 21-5 homes. The quality can vary, but we are always looking for the best solutions.

The destinations and the geographical area are detailed in the brochure for each owner association.

We take as many factors into consideration as possible when searching for homes, but in general, you cannot expect homes to be exceptionally disability friendly.

The owner staying in the home or lending it to friends or family is responsible for anything that might happen. Things covered by insurance are covered of course, and if something breaks due to wear and tear, it's an expense covered by the owner association.

All 21-5 families receive their own key to all 5 homes. There are spare keys in the homes in case you have friends staying with you.

No, all 21-5 properties are cash purchases and are therefore unencumbered.

Your ownership in a 21-5 owner association is usually treated similarly to owning your own holiday home. This means that you are likely to be subject to capital gains tax in your own country, just as if you owned your own holiday home somewhere in the world. In addition, there will be local capital gains tax rules on the destinations that come into play when you sell the share.

We always think it's a good idea to have your own advisor review the material based on your situation. Take comfort in the fact that more than 1,200 families have already signed a 21-5 agreement, including many knowledgeable individuals and their advisors. All documents have been thoroughly reviewed many times, which is a good insurance policy for you.

Once you've decided to join 21-5, you book a coffee meeting. Once the coffee meeting is over, you sign up for your desired association. You will then receive a form that you fill in with your personal information. You will then be sent your contract for review and signature. As soon as you have signed the contract, you have secured your place in the association. The signed contract is also your ticket to the founding meeting. All families meet each other for the first time at the founding meeting. Once the meeting is over, everyone must pay the purchase price, after which the home hunt begins. You only pay after you have met all the other families - this is your guarantee that there are no unwanted families in the association before you make a final commitment.

You set the asking and selling price, just as you would if you were selling your own home. It's supply and demand that ultimately determines the price. 21-5 is happy to assist you in setting the price for your share, just as we are happy to help you find a buyer.

You can find a buyer on your own or you can ask us for help. If you want us to handle the sale, you pay us a sales fee, when we have found a new family for your share. We handle all the administrative aspects of the sale, whether you find the buyer or we do.

Yes. The five homes are owned exclusively by the 21 families in the owner association. Each family/person owns 1/21 of each of the 5 homes.

No, you can only buy and sell your 21-5 share, and thus your share of the 5 homes and the associated rights to use the homes, as a whole.

Yes. The money goes directly to the homes, their purchase, furnishings asf., and a fee to 21-5 - nothing else.

Before Covid-19, the answer was no, unless the owner association decided otherwise. In recent years, however, prices have risen so dramatically in many places that some owner association have chosen to pay smaller amounts in addition to the price rather than compromise on the properties or their locations. Don't expect it, but be prepared, just in case.

Yes, you can let family or close friends use some of your weeks, but you cannot rent them and earn income.

No, you cannot buy a 21-5 share with another family.

The owner association may decide to sell one of the homes. In a case where one of the homes is not used very often, it makes sense to replace it with another, possibly in a different location. The owner association may also decide to distribute the money among the members and have only 4 homes. However, this is not likely to happen. A Danish owner association has recently unanimously decided to buy a 6th home, so they are now a 21-5 +1 owner association 😊.

If a family does not pay its common expenses, the other families can exclude the defaulting family. This can lead to a forced sale. The remaining 20 families will never be affected by this situation; it's only the noncompliant family that can suffer losses. This has not happened in any of our owner association, but it is important that the possibility of exclusion exists, just in case.

You can cancel your participation in the owner association up until the founding meeting, where you will meet the first families online. If you join a owner association that has already been formed, you have 14 days to cancel after signing.

Your purchase of a 21-5 share will incur no expenses beyond the purchase price, along with a cash deposit of 12 months of common expenses.

When we create a brochure for a new owner association, we set the common expenses based on all the owner associations we have in operation with the same types and sizes of properties. When you own real estate, regardless of the form of ownership, the ongoing expenses for the property will naturally increase over time. Therefore, you should expect an increase in line with general price increases in society.

The homes are not found until after the owner association is created. Therefore, there are no homes to visit when we create new owner associations.

As far as possible, for example, you will be able to leave your skis in Chamonix, but there will be limited storage space for your personal belongings.

Yes, certainly, many owner associations have done this.

A 21-5 share is real ownership. You own 1/21 of 5 holiday homes where you can enjoy vacations every year. You are the real owner of 1/21 of 5 holiday homes.

By owning a 21-5 share, you own 1/21 of each of the 5 homes in your owner association. When you own, you also participate in any appreciation when you sell. When you have a timeshare, you don't actually own anything, but you have the right to use a specific property, often during a specific week each year.

You sign everything online. You don't need to visit notaries or similar professionals in different countries. 21-5 takes care of everything regarding the purchase of the homes. Once we start buying the homes, you will have to visit your local notary a few times, but they are often close to where you live.

Each owner association is individually designed and priced. Check the "Current offerings" section of this website.

The typical 21-5 owner associations consist of 21 shares and can hold up to 21 families. However, a family may own multiple shares, but not so many that they have a majority. Some families own shares in more than one owner association. In our Black associations 10 families collectively own 4 properties.

You decide for yourself. You don't have to be in contact with anyone, but you can always reach out to your fellow owners. Many friendships have formed between and among owners in our owner associations.

Yes, you have the right to vote at the annual meeting on decisions that affect the owner association. The number of votes you have is equal to the number of shares you own.

It's like buying a vacation home for yourself. You should buy it when you feel the need. Some families have chosen to buy now even though they won't actually use the homes for a few years. This is mainly seen as a wise investment as there is a risk that it may be more expensive to join later.

You should expect that it will take 12-24 months from the time the owner association is complete with 21 families for all 5 properties to be ready for use. The properties will be released for use as they become ready. They will be released as they are ready.

The quality of the homes and the furniture is the same regardless of which owner association you choose. The size and type of property are the main differences between the different price levels.

Do you know the feeling of wanting to buy your own holiday home, but having trouble deciding which country or location you prefer? With 21-5 you have the unique opportunity to own a holiday home in several countries simultaneously, allowing you to explore different countries and destinations before deciding to buy your own home somewhere. You may find that it's much more satisfying to be able to travel to different places than to be tied to the same place each time you travel. Another benefit of owning a 21-5 share is that your ownership gives you the right to use a number of homes, each of which far exceeds the value of your purchase. In other words, not only do you have access to more homes than just one, but you have access to homes that cost, on average, approximately four times your purchase price. Should you decide to sell after owning a 21-5 share, we are confident that you will have had a positive experience and perhaps made new acquaintances, making it easier for you to choose your own home.

If you're not already sure which country should be part of your future, through owning a 21-5 share, you have a unique opportunity to test the waters in multiple countries before you consider buying a property of your own. Several families have already done so. If you already know where you'd like to buy a holiday home in the future, and that destination is part of one of our 21-5 owner associations, you have an excellent opportunity to get to know the local area very well. This will give you invaluable knowledge of where it's great to own a holiday home in the future.

All homes are smoke free, so you have to smoke outside.

Ongoing as needed.

All homes are insured at the most appropriate level.

No, you cannot buy additional points. If you have used up all your points, you can certainly get some from other families in your owner association. Every year there are families who do not use all their points.

No, all owners in all owner associations are completely equal - everyone pays the same and no one gets special benefits.

The common expenses cover the running costs of the homes and administration. The only additional costs you will have to pay other than the common expenses are cleaning after each stay and utilities (electricity, water and heat) during the weeks you are using the homes. Common expenses do not include savings for the long term maintenance. we have maintenance plans create for all of our properties to provide a tool for managing a savings fund for future larger works in the homes.

We do not offer financing for the purchase of 21-5 shares, so you must pay for your share in cash.

Owning a 21-5 share is easy and hassle-free. You should focus on your vacation and not much else. You'll have to pay your monthly expenses and the bills for cleaning and utilities when you're on vacation. Other than that, you have no obligations other than to treat the homes as your own.

Cleaning is done after each changeover. We can arrange for additional cleaning if needed.

Each owner association has its own private membersite, where you can find pictures and contact information for all 21 families in the owner association.

Upon arrival, beds are made with clean sheets and fresh towels are provided. Extra linens are also provided in case of accidents.

Yes, we only use high quality Danish beds. In addition, we offer premium Danish duvets and pillows, along with the same quality bed linen found in the finest hotels in Denmark. You'll sleep very comfortably in a 21-5 home.