What is fractional Cottage Ownership? You hear the term all the time, yet what does it mean? Is it a Timeshare? Do you own real property? Fractional cottage ownership has become quite popular in the last few years. There are companies that specialize in finding properties that are suitable for fractional ownership. These same companies then buy the properties and repackage them for sale in the fractional ownership market. Often these companies will also manage the properties and assist the groups of owners in renting the property. Obviously for this service there is a charge, but many fractional cottage owners feel it is well worth the cost.
So what is fractional ownership? Essentially, a small group of people or families decide to split the cost of purchase and maintenance of a vacation property and share its use. The one point that needs to be emphasized with fractional ownership is that the group of people that own the cottage actually are on title to the land, and the building. Like any other property the value of this land and building will go up and down as the real estate market does. Most fractional cottages are usually larger units owned by fewer people and most...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
