Field Guide to Fractional Interest Ownership
(Updated January 2015)
Fractional interest ownership, once used primarily with commercial tenants-in-common, has recently blossomed in the vacation home market. Not to be confused with a time-share or a destination club, fractional interest properties can be a sensible and profitable alternative to owning a second home. These articles, books, and other resources will help you discover what a fractional is and why your clients might be interested in them. (C. Dodge, Information Specialist)
Q - ProQuest articles available for NAR members only. Password can be found on the ProQuest/Find Articles page.
What is Fractional Interest Ownership?
Vacation Home Primer, (REALTOR® Magazine, November 2014).
Top 10 trends for fractional real estate, (Leisure Real Estate & Vacation Rental Summit, 2013).
What is Tenants in Common?, (realtor.com®, 2014).
Tenants in Common for Real Estate Ownership, (About.com, n.d.).
Fractional Ownership, (Ask.com, n.d.).
Fractional Real Estate Ownership: Getting a Slice of a Vacation Home, (Fox Business, May 21, 2012).
A CCIM expert takes time out to discuss tenancy-in-common strategies, (CCIM Institute, 2006).
Fractional Vacation Ownership Questions and Answers: What is Fractional Ownership?, (Sirkin Law, n.d.).
Pros & Cons of Fractional Interest Ownership
Buying a second home is child’s play – no kidding!, (OPP Connect, Jan. 9, 2015).
A Luxury Vacation Home Via Fractional Ownership, (The Wall Street Journal, Aug. 28, 2014).
Vacation Ownership Industry Sees Rebound, (Real Estate Finance and Investment, April 1, 2013). Q
Why Fractional Ownership? The Better Question is: Why Not?, (The Fractional Journal, n.d.).
Is Fractional Ownership for You?, (CNN Money, n.d.).
For or Against Fractional Ownership: Examining the Pros and Cons, (Shelter Offshore, n.d.).
The Pros and Cons of Fractional Ownership, (ezinearticles.com, n.d.).
Joint Tenancy Pros and Cons, (Legal Match, Mar. 11, 2014).
Partial-Interest Plan, (CCIM Institute, Dec. 2013).
IRS Provides Guidance on Using Tenancy-in-Common Interest in 1031 Exchanges, (CCIM Institute, 2011).
The Impact of an Undivided Interest on Real Estate Value, (Journal of Property Tax Assessment and Administration, 2010). Q
Second Homes at a Fraction of the Cost, (Ideal Living, Jan. 4, 2010).
What to Look for When Buying a Fractional-ownership Vacation Home, (RISMedia, Aug. 3, 2007).
Evaluating Tenant-in-Common Interests in Real Estate, (Real Estate Issues, Summer 2006). Q
Canadian Resort Development Association (CRDA)—Industry-based association dedicated to furthering the vacation ownership industry in Canada and throughout the world.
Cooperative Association of Resort Exchangers, Inc. (c.a.r.e.)—Trade association established by representatives of timeshare resorts.
Perspective Magazine—Independent publication for the timeshare and fractional ownership industry.
Resort Development Organisation (RDO)—European professional organization with members from all sectors of the industry across Europe, including resort developers, exchange companies, management and marketing companies, trustees, finance houses and resale companies.
Vacation Ownership Association of Southern Africa (VOASA)—Establishment to improve representation for reputable companies within the shared vacation ownership industry.
eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
Buying a Second Home (Adobe eReader, Kindle)
How a Second Home Can Be Your Best Investment (Adobe eReader)
The Complete Guide to Buying a Second Home or Real Estate in Mexico (OverDrive Read, Adobe eReader)
Second Homes for Dummies (Kindle, OverDrive Read, Adobe eReader)
The Everything Family Guide to Timeshares (Adobe eReader)
Timeshare Vacation for Dummies (Adobe eReader)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Services. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Services at 800-874-6500 for assistance.
Vacation Nation: The Complete Guide to Timeshare, Private Residence Clubs, Fractionals & Destination Clubs, (Elaine Joli, 2009).
Vacation Home Fractional Conversion, (Fractional Retreats LLC, 2008).
Field Guides & More
These field guides and other resources in the Virtual Library may also be of interest:
Have an Idea for a New Field Guide?
Click here to send us your suggestions.
The inclusion of links on this field guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this field guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.