FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R9FMAbfEYARhk9Z0a5Fvij1
Label Fractional Ownership Assets
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Definition

Fractional Ownership Assets, such as timeshares, are assets that are owned by multiple individuals or entities, each holding a fraction of the ownership and entitled to use or benefit from the asset for a specific period. In the case of timeshares, owners typically have the right to use a vacation property for a set number of weeks each year, while sharing the costs and responsibilities of ownership and maintenance.

Class Relationships

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See Also

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Parent Class Of 1

Class Hierarchy Visualization

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Additional Information

Metadata

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Description

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Editorial Information

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available