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What do I actually own when purchasing a share of the Fort Fisher Place private oceanfront residence?

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What do I actually own when purchasing a share of the Fort Fisher Place private oceanfront residence?

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You become a partner with a one-thirteenth undivided interest in the Fort Fisher Place Partnership which owns the property and all assets of the Partnership. Your interest is recorded with the New Hanover County, NC, Register of Deeds. As a partner, you are entitled to full use and enjoyment of the property on the prescribed schedule each year.

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