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In other words, purchasing one week would confer a one-fifty-second (1/52) ownership interest in the unit while two 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 celebration or willed to one's estate. Shared leased ownership interest entitles the purchaser to use a particular home for a fixed or floating week (or weeks) each year for a particular number of years.
Home transfers or resales are likewise more restrictive than with a deeded timeshare. As an outcome, a rented ownership interest may have a lower value than a deeded timeshare. Based on the above, it appears that holding a timeshare interest does not always imply "fractional ownership" of the underlying property. https://www.intensedebate.com/people/neasalyctd |
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