What exactly is fractional (quarter share) ownership and how does it work?
Fractional ownership is essentially partial ownership of a property. Property is owned and shared by two or more individuals. At Surfside, most shares will be sold in quarter-ownership, so there will be four owners who actually own the property. Each owner receives a deeded title and exclusive use of the home for 13 weeks each year. Additionally, each owner can put a mortgage on it, pay the mortgage off, or sell without having to deal with other owners. Fractional ownership is attractive to many because it offers an easy way to own an impressive luxury vacation property at a fraction of the cost, while enjoying all the benefits.
