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.

Laila and Anders Køj came up with the idea and concept for 21-5 in 2008. Work to get everything up and running began in earnest in 2009, and Anders Heisel joined the team in autumn of that year. The first owner association was formed in 2012. Since then, several imitators have emerged, but we invented the concept of multiple families sharing multiple homes in this way.

If you want to own not just one holiday home, but five, allowing you to enjoy multiple destinations in the future, 21-5 is for you. This model is ideal if you don't want to spend time and effort on time-consuming maintenance and administration.

Laila and Lars, who make up our purchasing team, have purchased more individually selected homes than anyone else in Europe. Their unique knowledge base enables them to find and create the best homes for our owner associations. We humbly refer to Laila and Lars as the “European champions” of buying homes abroad because no one else comes close.

We have predefined homes for each owners' association, taking location and size into account. The final selection is based on a vast number of parameters and is a very complex process on which we focus extensively. It is difficult to describe exactly what we prioritise because this varies depending on the destination and intended use (sun, city, skiing, etc.), but our goal is for everyone to be pleasantly surprised when they first open the door, even if their initial expectations were very high.

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

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

21-5 acts as administrator for the owners' association when all the homes are in use. We oversee the interests of the owner association in terms of day-to-day operations. Additionally, 21-5 is responsible for preparing budgets, financial statements and other related tasks.

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 recommend having your own advisor review the material based on your situation. Rest assured that many families have already signed a 21-5 agreement over the years. This means that all documents have been thoroughly reviewed many times, which provides you with peace of mind.

Once you have decided to join 21-5, you arrange a coffee meeting. Once the meeting is over and everything is mutually agreeable, you sign up for your chosen membership. You will then receive your contract to review and sign. As soon as you have signed the contract, your place in the association is secured.

Just as you would if you were selling your own home, you set the asking and selling price. Ultimately, it's supply and demand that determine the price. 21-5 is happy to help you set the price for your share and find a buyer.

You can either find a buyer yourself or ask us for help. If you would like us to handle the sale, you will need to pay us a sales fee once we have found a new buyer for your share. Either way, we will handle all the administrative aspects of the sale.

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.

Timeshares come in many forms, some involve shared ownership, but what most people know as timeshares do not involve any ownership. In most timeshare concepts, you usually have a fixed week each year, you do not own anything, and you therefore do not share in the increases in value that the properties experience over time. It is different in 21-5. In 21-5, you own 1/21 of 5 properties, and you share in the future increases in value.

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 standard formula is 21 families sharing 5 holiday homes. In recent years, we have created new constellations, including Beyond 10-4 and City Retreats 21-3. Other variations may be introduced in the future.

You decide for yourself. You don't have to be in contact with anyone, but you can always reach out to your fellow owners.

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 to use.

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.

Yes you can bring your dog, but no other pets are allowed.

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. we have created a section on each associations membersite for this.

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. After each stay you will pay for cleaning and utilities (electricity, water and heat). The common expenses do not include funds set aside for a new kitchen, new roof or other items for many years to come. We draw up maintenance plans for all our homes, providing a tool for management purposes. Separate savings are made for this purpose in addition to the common expenses. The budgeted amount for savings will be stated in the contract.

We do not offer financing for the purchase of 21-5 shares, but many banks offer loans.

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.

Yes, upon arrival, beds are made with clean sheets and fresh towels and robes 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 sleep very comfortably in a 21-5 home.