
Fractional Ownership
Fractional ownership enables you to purchase a premier resort home at an incredibly affordable price because ownership is shared with up to four additional owners. Your ownership is an actual, undivided, deeded ownership interest in a property, but with the costs and risks dramatically reduced from those incurred through sole ownership.
As a fractional owner, you receive full rights of ownership including selling and passing title over to others, as well as all of the tax benefits and legal rights of full property ownership. Your interest is owned individually and exclusively under a common form of residential ownership called fee simple and titled as “Tenants In Common”.
“Tenants In Common”
As a “tenant in common” you receive an undivided 1/5 interest in whichever eligible property you purchase. Each 1/5 fractional owner is able to use the property for personal use up to a guaranteed minimum of 10 weeks per year, broken out by season. |