What is a Quarter Share?
Imagine if you and three friends, or members of your family, decided to go in together on a property. You would want to be able to use the home on an equal basis and share all the costs, but be able to sell your portion separately if and when the time came. This form of ownership makes that possible, only you don’t have to find four people you know to go in with you (in fact many people will say that it is better to share with people who you do NOT have a personal relationship with!). You receive 25% deeded ownership to the property in fee simple, which is the exact same type of deed that you would receive if you owned the whole thing. You still get all of the same tax benefits, and you can sell or deed your quarter share in the same ways as well. • Is this like a time share? No. You are not paying to use the property for a certain amount of time. You actually own 25% of the property, along with the other three owners, and have a flexible arrangement for when you can use it. • How is a
