In fractional ownership, what does each owner possess?

In fractional ownership, each owner possesses a fraction of the property ownership. This arrangement allows multiple individuals to share ownership of a property and enjoy its benefits, typically for designated periods or according to a pre-established schedule. Each owner holds a deed or title that corresponds to their share, allowing them to participate in property decisions proportional to their ownership stake.

This structure is advantageous for those seeking to invest in a property without bearing the full financial burden of ownership and maintenance on their own. It effectively democratizes access to high-value real estate assets, enabling shared use and investment in properties that might otherwise be unaffordable.

The other options do not accurately reflect the nature of fractional ownership. Exclusive rights to the property and the need for full-time residence do not fit with the shared approach of fractional ownership, where each participant has a limited claim based on their share. A leasehold agreement does not convey ownership; rather, it pertains to the rights to occupy the property under specified conditions, which is distinct from owning a fraction of the property itself.