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In other words, purchasing one week would provide a one-fifty-second (1/52) ownership interest in the unit while 2 weeks would offer a one-twenty-sixth (1/26) interest and so on. Shared deeded ownership interest is typically kept in eternity and can be resold to another party or willed to one's estate. Shared leased ownership interest entitles the purchaser to use a particular property for a repaired or floating week (or weeks) each year for a certain number of years.
Residential or commercial property transfers or resales are likewise more restrictive than with a deeded timeshare. As a result, a leased ownership interest may have a lower worth than a deeded timeshare. Based on the above, it appears that holding a timeshare interest does not necessarily imply "fractional ownership" of the underlying property. https://marmailigt.livejournal.com/profile |
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