Fractional ownerships are often marketed as a way to enjoy a luxury second home without the expense or responsibility of outright ownership. At first glance, fractional ownership appears to be the same as a timeshare because the buyer receives the right to use a property for a certain period of time within a year. It differs, however, in form of ownership and length of usage. To answer the question, What is fractional ownership, you need to understand that the buyer receives deeded interest in the property and generally has the right to occupy the unit for an extended period of time, such as 5 to 13 weeks per year depending on the fraction they purchase. Additional float time may be available on a first-come first served basis. Fractional ownership offers a better usage-to-cost ratio than a timeshare and can also guarantee occupancy during prime time or high season. In addition, fractional ownership properties offer the advantage of onsite management to oversee upkeep and operation. With fractional ownership, you can own a long-term, appreciating asset that is fully transferable without the full cost of ownership.