Many companies market fractional schemes, but how can you tell whether they are truly fractional ownership? In this article the responsibilities and benefits of various types of fractional schemes are compared.
Definition of Fractional Ownership - What’s in a Word
If you think about it, the definition of fractional ownership is very simple: Fractional means that the asset (whether home or yacht or car) is split into fractions for the purposes of expenses, use, etc. Ownership means just what it says - the individuals who together form part of this fractional scheme actually own an interest in the asset and can benefit (or lose out) from changes in the asset’s value.