Join our mailing list:
* Get exclusive offers, coupons and information first.
Not convinced? View a sample newsletter.
We know you highly value your privacy; therefore, we will NOT sell, rent, lend or give your name or address to anyone. At any point, you can select the link at the bottom of every email to unsubscribe.
What is fractional ownership?
Fractional Ownership, or Shared Ownership, in real estate is a rapidly growing alternative to Whole Ownership designed so that each owner is deeded a specific interest (fraction) of a specific residence. Fractional ownership is a deeded property with the same rights as any other real estate purchase. Each co-owner owns a percentage of the property and is shown on the title and deed as an owner. It works very well for the family or individual that wants a vacation home or real estate investment, but does not want to pay the full price on a second home that they will only use for a few weeks a year.
1/12th ownership at the Lodges at Cannon Beach:
The Lodges at Cannon Beach utilize a 1/12th fractional interest fixed week
calendar (4 weeks per year). The calendar rotates one week forward each year.
Simply, in the case of example Share A (see below), an owner receives 5 weeks in 2009, week 1 (January 2), week 14 (April 3), week 26 June 26th), and week 40 (October 2) they also receive one bonus week, week 27 (July 3). Each ownership share receives a bonus week every 6 years.
Download this Cannon Beach Condo usage graphic as a PDF.
See here for more Frequently Asked Questions about Fractional Ownership.