Fractional Ownership is not timeshare. Fractional ownership is the legal division of the property title or deed into shares. These shares can be purchased and owned by more than one person.
Each person can sell or rent out their time of ownership. The main difference with fractional ownership is that the buyer owns part of the title not simply units of "time".
Fractional ownership / sharing possession of a holiday home, popular in Europe is taking off over here. Some fractional ownership deals operate very simply. You, along with several complete strangers, buy a long, eg 999 year, lease for a percentage of a given property, while the freehold is held by the management company.
Buying a part-share in a holiday home abroad is simple, stress-free and profitable, says Chris Wilson. Just don't call it timeshare.Labels: property, tourism
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