Definitions for "Fractional Ownership"
Fractional Ownership consists of owning an "Undivided fractional fee-simple interest" in a specific property. In simple terms, you are buying your vacation home in partnership with other owners who share the cost with you.
The selling of resort real estate in intervals of more than one week and less than whole ownership.
Timeshare ownership of two or more weeks at the same resort during a calendar year. Generally defined as ownership in intervals of more than one week and less than whole ownership.
Several companies jointly purchase an aircraft to reduce costs. A management company normally provides the crew, maintenance, ground support, insurance, record keeping and overall operation of the aircraft.
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