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In other words, purchasing one week would give a one-fifty-second (1/52) ownership interest in the system 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 party or willed to one's estate. Shared rented ownership interest entitles the purchaser to utilize a specific residential or commercial property for a repaired or drifting week (or weeks) each year for a certain variety of years.
Property transfers or resales are also more restrictive than with a deeded timeshare. As an outcome, a leased 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 necessarily indicate "fractional ownership" of the underlying home. http://vkfan.com/user/camrusxdxb |
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