WHATIS FRACTIONAL OWNERSHIP?
In essence, fractional ownership is the shared ownership of a property. Usually, the title deed is divided into fractions ranging from a quarter to a twelfth. This give you the right to stay in the property for the corresponding fraction of the year. You can also sell your fraction whenever you choose. A management company runs the property and each fractional owner contributes to an annual maintenance fund. “Fractional ownership leads to contented people who make profits,” says Les Milton of the Fractional Ownership Consultancy.