What is the advantage to having one deed held by the LLC as opposed to multiple deeds which are used in timesharing and fractional ownership?
Having only one deed enables the seller to offer the ownership interests at a lower initial cost. Plus, when ownership of a piece of real estate is vested in one entity the ability to sell it at some point in the future is a good deal easier than trying to sell something which is encumbered with anywhere from 12 to 50 deeds, held by different owners. This one reason that a timeshare owner discovers that their timeshare interest can only be sold at a deep discount from the original purchase price.
Related Questions
- What is the advantage to having one deed held by the LLC as opposed to multiple deeds which are used in timesharing and fractional ownership?
- What documentation needs to be provided, in addition to the deed, when the owner/developer prepares their own deeds?
- What Information is Advantage Marketing Solutions, LLC gathering about its visitors and how is it being used?
