A share in the ownership of real estate. For example, a large property may be too expensive to maintain by one owner so instead of buying the whole property, a person may purchase a share of it along with four other people, becoming the owner of 1/5 of the property. Each owner shares in the maintenance and taxes and they take turns in actually occupying the property.
Related information about fractional interest:
- fractional interest - Business Definition
fractional interest definition: Partial ownership of real property. For example, a family may purchase a one-twelfth interest in an expensive vacation home....
- Fractional Interest: Definition from Answers.com
Ownership of some but not all of the rights in real estate . Examples are easement , hunting rights, and leasehold.
- fractional interest - Financial Dictionary - The Free Dictionary
Some interest in real estate less than the entire bundle of rights. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to ...
- NAR's Field Guide to Fractional Interest Ownership | realtor.org
Fractional interest ownership, once used primarily with commercial tenants-in- common, has recently blossomed in the vacation home market. Not to be confused ...
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Jan 5, 2010 ... Completing a §1031 exchange with Tenant-in-Common interest ownership in a property, also known as co-ownership of real estate, allows ...
- Fractional Interest Valuations
A Little Strange... Fractional Interests. Are co-ownership interests in real estate, often tenancy-in- common interests. Come with default rights and restrictions that ...
- What is fractional interest? definition and meaning
Definition of fractional interest: A share in the ownership of real estate. For example, a large property may be too expensive to maintain by one owner so instead ...
- Fractional Interest Projects - Some Things To Consider
What is a Fractional Interest Project? By now, most industry operators will be somewhat familiar with the term “fractional interest”. The concept is one of shared ...