With “fractional” deeded fee- simple ownership or “Private Residence Club” fee-simple ownership there are a group of owners who hold title to the property as tenants in common (TIC).  Each person in the group owns an undivided interest based on the percentage of ownership they purchase and each person has “deeded fee-simple”.  If they each have separate financing, commonly known as “fractional financing” or no financing on the property, each owner may sell their share independently from the others at any time.