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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 kept in perpetuity and can be resold to another party or willed to one's estate. Shared rented ownership interest entitles the buyer to utilize a specific residential or commercial property for a fixed or drifting week (or weeks) each year for a particular variety of years.
Property 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 upon the above, it is apparent that holding a timeshare interest does not necessarily indicate "fractional ownership" of the underlying home. https://www.yankee-bookmarkings.win/key-west-timeshares-cancellation |
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