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Private co-ownership is an alternative to full ownership of vacation homes. Many friends and families realize that whole ownership of a vacation home is too expensive or senseless given the amount of time they actually will use the property and they create the private co-ownership model. Title can be held as tenants in common, or an LLC (Limited Liability Company) can be set up. The terminology for the co-ownership can have a variety of names, vacation fractional homeownership, timeshare, TIC, or simply private co-ownership. This form of ownership is characterized by “small number of owners”, often times owning a single family home and it is the closest alternative to Sole Ownership. This has been going on a long time among friends and affinity groups and is now being offered professionally. (Equity)
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Fractional