Fractional Ownership

Fractional_Home_Ownership

Who wouldn’t want to live in San Diego, especially by the beach? But paradise comes with a hefty price tag, so why not think about pooling your resources?
Separate areas! Private living spaces! Mortgage divided! Voila live the dream!

Breaking Up The Pie!

Here are a couple options to consider for holding title in Fractional Ownership.

Joint Tenancy:
Joint and equal interests in land owned by two or more individuals created under a single instrument with right of survivorship.
Example: John Doe and Mary Doe, husband and wife, as joint tenants.

Tenancy in Common:
Under tenancy in common, the co-owners own undivided interests; but unlike joint tenancy, these interests need not be equal in quantity and may arise at different times. There is no right of survivorship; each tenant owns an interest, which on his or her death vests in his or her heirs or devisee.
Example: John Doe, a single man, as to an undivided ¾ ths interest, and George Smith, a single man as to an undivided 1/4th interest, as tenants in common.

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VA SPECIALIST
CERTIFIED AGING IN PLACE
The MOLDOW team at PACIFIC SOTHEBY'S INTERNATIONAL REALTY
As Realtors®, we may not give any legal or accounting advice, but may provide names or websites for informational use only.
pacific-sothebys-logo © MMVII Sotheby's International Realty Affiliates LLC. A Realogy Company. All Rights Reserved. Sotheby's International Realty® is a registered trademark licensed to Sotheby's International Realty Affiliates. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated.
Wendy Moldow, Realtor®

CAL BRE #00875611

3702 Via de la Valle, Suite 202 C Del Mar, CA 92014

Pacific Sotheby's International Realty

CALL OR WRITE US TODAY: 619.339.3339 wendymoldow@me.com
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