Fractional Interest Ownership


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.


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Before you search elsewhere, take advantage of the research we've already done for you. Formerly known as Field Guides, References tabs contain links to external articles, titles from the NAR Library eBooks collection, websites, statistics, and other material to provide a comprehensive overview of perspectives on each topic. EBSCO articles (E) are available only to NAR members and require a password.

What is Fractional Intere​st Ownership?

Fractional Ownership of Real Estate, (Accruit, July 21, 2015).

What Are Tenants in Common?, (®, 2014).

Fractional Ownership FAQs, (Sirkin Law, n.d.).

Vacation Home Primer, (REALTOR® Magazine, November 2014).

Tenants in Common for Real Estate Ownership, (, n.d.).

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 Fractio​nal Interest Ownership

Buying a Second Home Is Child’s Play – No kKidding!, (OPP.Today Jan. 9, 2015).

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, n.d.).

Joint Tenancy Pros and Cons, (Legal Match, Mar. 11, 2014).

Partial-Interest Plan, (CCIM Institute, Dec. 2013).

Vacation Ownership Industry Sees Rebound, (Real Estate Finance and Investment, April 1, 2013). E

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). E

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). E


Resort and Second-Home Property Specialist – NAR’s RSPS certification is for REALTORS® who specialize in buying, selling, or management of properties for investment, development, retirement, or second homes in resort, recreational, and/or vacation destinations.

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)

How to Invest in Real Estate & Pay Little or No Taxes: Use Tax Smart Loopholes to Boost Your Profits by 40% (Adobe eReader)

The Tax-Free Exchange Loophole: How Real Estate Investors Can Profit from the 1031 Exchange (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).

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The inclusion of links on this page 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 page 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.