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In other words, purchasing one week would give 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 held in perpetuity and can be resold to another party or willed to one's estate. Shared leased ownership interest entitles the buyer to utilize a specific property for a repaired or floating week (or weeks) each year for a specific variety of years.
Property transfers or resales are also more limiting than with a deeded timeshare. As an outcome, a rented ownership interest might have a lower value than a deeded timeshare. Based upon the above, it is obvious that holding a timeshare interest does not necessarily indicate "fractional ownership" of the underlying home. https://www.bookmarking-presto.win/timeshare-help-10 |
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