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To put it simply, buying one week would provide a one-fifty-second (1/52) ownership interest in the unit while two weeks would give a one-twenty-sixth (1/26) interest and so on. Shared deeded ownership interest is often 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 property for a repaired or drifting week (or weeks) each year for a specific variety of years.
Property transfers or resales are also more restrictive than with a deeded timeshare. As an outcome, a leased ownership interest may have a lower value than a deeded timeshare. Based on the above, it is apparent that holding a timeshare interest does not always indicate "fractional ownership" of the underlying property. https://my.desktopnexus.com/maldorkoxz/ |
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