What is a vacation fractional ownership?
A group of individuals or families buy a vacation property together and share the cost and use of the property. A detailed agreement allocates usage rights, costs and responsibilities among the co-owners. Gerard Benton properties are owned by a French SCI (real estate holding entity) which in turn is owned by a US non-profit Owners Association. The Gerard Benton ownership system is designed for US residents. Owners from other countries are permitted to own shares through a personal US entity created for the purpose.
