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In other words, purchasing one week would provide a one-fifty-second (1/52) ownership interest in the unit while two weeks would provide a one-twenty-sixth (1/26) interest and so on. Shared deeded ownership interest is often held in all time and can be resold to another celebration or willed to one's estate. Shared leased ownership interest entitles the purchaser to utilize a particular residential or commercial property for a fixed or floating week (or weeks) each year for a particular number of years.
Property transfers or resales are also more limiting than with a deeded timeshare. As a result, a leased ownership interest may have a lower value than a deeded timeshare. Based on the above, it is obvious that holding a timeshare interest does not always suggest "fractional ownership" of the underlying residential or commercial property. https://we.riseup.net/cechinznco |
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