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.
NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require a password.
What is Fractional Interest Ownership?
Should You Buy Real Estate as Tenants in Common?, (The Balance, June 28, 2018)
Fractional Ownership of Real Estate, (Accruit, July 21, 2015)
What Are Tenants in Common?, (realtor.com®, 2014)
Fractional Ownership FAQs, (Sirkin Law, n.d.)
Vacation Home Primer, (REALTOR® Magazine, Nov. 2014)
A CCIM Expert Takes Time Out to Discuss Tenancy-in-Common Strategies, (CCIM Institute, 2006)
Pros & Cons of Fractional Interest Ownership
For or Against Fractional Ownership: Examining the Pros and Cons, (Expatra, n.d.)
Buying a Second Home Is Child’s Play – No kKidding!, (OPP.Today Jan. 9, 2015)
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, Apr. 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
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
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 and Second Home—Keep up on the latest developments in the resort and second home market, earn the Resort and Second-Home Property Specialist (RSPS) certification, and network with other members who specialize in the buying, selling, or management of investment, development, retirement, or second homes.
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
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 (Kindle, eBook)
The Complete Guide to Buying a Second Home or Real Estate in Mexico (Audiobook, eBook)
Second Homes for Dummies (Kindle, Audiobook, eBook)
Timeshare Vacation for Dummies (eBook)
Books, Videos, Research Reports & More
The resources below are available for loan through Member Support. 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 Member Support 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.