Fractional property ownership was originally introduced in the USA, however, due to the benefits for developers, resorts and buyers, fractional ownership is now being incorporated into sales programs throughout Europe and Asia.
Owners are issued a deed representing their fraction of the property. Fractional owners also take on the benefits and losses that come
with ownership: If a vacation home grows in value over 10 years, individual shares appreciate, too. Co-owners share usage rights, income and access to their shared property proportionate to the percentage of the asset they own. Unlike a timeshare, fractional ownership means you own part of the second home itself, not just the time you can use it.
Fractional ownership means sharing the burden of homeownership. You essentially have a group that shares accountability, maintenance, checks on the condo and shares the cost of repairs and maintenance work that would otherwise be left to one single owner.
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