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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 held 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 particular property for a repaired or floating 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 value than a deeded timeshare. Based on the above, it is obvious that holding a timeshare interest does not always imply "fractional ownership" of the underlying residential or commercial property. https://www.bravobookmarks.win/international-timeshare |
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