# Fractional Ownership Assets

**IRI:** https://folio.openlegalstandard.org/R9FMAbfEYARhk9Z0a5Fvij1

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RbvEeHm8jkxY6SgfxEoC0i

## Parent Class Of

- https://folio.openlegalstandard.org/RDjZR2Ci5EFAMKJbMe4rwje

**Deprecated:** False