Florida Fractional Ownership

If you’re looking for a shared ownership vacation home, you’re probably already alert to the primary benefit - reduced cost! Since vacation homes are, on average, used only 3-4 weeks per year, it is more cost-effective to share the ownership of a second home with a small group of owners. The benefit is that you are sharing the burden of the cost to purchase and maintain the home, as well as the duties of ownership, such as paying bills, scheduling maintenance, provisioning, etc.

But there is a wide array of shared ownership models to choose from: traditional timeshares, residence clubs, destination clubs, condo hotels, and shared ownership (sometimes called co-ownership) fractional properties.

These models of shared vacation home ownership represent a spectrum of equity ownership, from timeshares which are purely time-based rentals – to the shared ownership fractional where each owner owns a deeded share of the property. Residence clubs, destination clubs and condo hotels fall in the middle of this spectrum, with some ownership and some time-reserved aspects.

We will describe each of these more fully in future entries, comparing them to the shared ownership fractional model.