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In other words, purchasing one week would confer 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 perpetuity and can be resold to another celebration or willed to one's estate. Shared leased ownership interest entitles the buyer to use a particular home for a fixed or drifting week (or weeks) each year for a specific number of years.
Property transfers or resales are also more restrictive than with a deeded timeshare. As an outcome, a rented ownership interest might have a lower worth than a deeded timeshare. Based upon the above, it is evident that holding a timeshare interest does not always suggest "fractional ownership" of the underlying property. https://www.metal-archives.com/users/pothirjcqb |
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