Timeshare is an arrangement where several joint owners have the right to use the property over a time-sharing scheme as a holiday home, whereas fractional ownership is the concept whereby you are purchasing a percentage of actual bricks and mortar. This arrangement then entitles the owners to use the property for a certain number of weeks in the year. Another difference to timeshare is that the fractional owners can transfer, pass the property on in their will, or sell the fraction on.
There are a few different forms of fractional ownership. The basic form of fractional ownership involves buying a certain percentage of a unit in a fixed location or of a freehold. Different variations of fractional ownership are available for purchase, the typical contracts ranging from 1/13th to 1/4. You may be buying a fraction of a specific unit at a resort, but there are some resorts where you can stay in any available unit of the same size and style.
Fractional ownership is a concept which is fast becoming one of the best ways to enjoy your leisure time. However, this concept does not apply to just freeholds and units in a fixed location; there are also possibilities to purchase a fractional ownership in several other areas, such as: aircraft and jets, classic cars, luxury motorhomes, racehorses and many more.
For more information on the various types of fractional ownership please visit the Absolute Fractionals website: http://absolutefractionals.com/
