Whats the difference between a fractional and a timeshare?
Technically the legal definition of a timeshare in most U.S. states includes both what have historically been known as timeshares and what are now marketed as fractionals. However they are distinctly different products with their own unique characteristics. They just happen to both fall within a legal framework that hasn’t as of yet evolved to what the marketplace has created. The primary difference between timeshars and fractionals related to the extent of ownership and control given the users of the property. Historically buyers of older timeshares did not receive ownership in the real estate itself, nor a deed; they usually just received the right to use the property on the same select weeks in successive calendar years. Timeshare owners generally have no control of, or participation in, the management of the property. It’s very different for most fractionals. Typically, as in the case of Mountain HomeShares, each fractional owner receives a deeded interest in their property, and ha
