An innovative and affordable fractional ownership that allows each buyer to enjoy most all of the benefits of whole ownership at a fraction of the cost. Time-share vacation developments only sell the right to occupy a time slot in a resort. Often, time-share buyers stay in a different unit each visit. Shared Equity fractional ownership is deeded, fee title ownership in the ground, structure and all interior furnishings. Shared Equity buyers enjoy scheduled full week visits to their vacation home.
Copies are available upon request.
The use periods and schedule are set out in the recorded Co-Ownership Agreement. Holidays have been distributed evenly over all use periods and owners migrate yearly from one use period to the next. Owners can rent their use periods. There is no smoking and pets allowed in the Shared Equity homes in Shorepine Village. Owners are free to sell their fractional interest at any time, but must first offer it for sale to the other owners, before selling it on the open market.