How does fractional ownership work?
Depending on the fractional size of ownership you choose you will have unrestricted use of your condo for the period of time selected. The minimum size is usually 1/8th share but some may purchase 1/4th or 1/2. 1/8th share gives you usage 1 week every 8th week for a total of 6 weeks a year. The home is closed every year for 4 weeks between January and February for maintenance. If maintenance is not needed it is rented and proceeds are distributed evenly to the owners accounts based on share of ownership. Each year the calendar automatically shifts the rotation of owners. This guarantees that if one owner has Thanksgiving week one year, the next year the holiday automatically rotates to another owner and so on. The owner also is given the ability to trade weeks with the other owners. If an owner can not use all of their 6 weeks per year, it is their option to let family or friends use it, or rent it out and keep the proceeds. To protect all the owners there is a strict process for rente
