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Is Private Residence Club ownership the same as owning real estate?

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Is Private Residence Club ownership the same as owning real estate?

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Owners have all the rights and privileges of real estate ownership because they hold shares in an independent Property Owning Company that has title to their Residence. This means owners are entitled to sell their share, include their share in their will, allow friends to use it, and invite guests to share it with them.

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