Jul 07 2023 8 mins
It's common to think of acquiring a second home as a full owner. Nevertheless, there are also types of partial ownership where more than one person has rights to the real estate asset, and each individual owner can only stay for limited periods during the year.
"Partial" or "multiple" ownership means more than one person owns a home together. These people could be siblings, parents and their children, other family members, friends, business partners, and even people who have no relationship to each other except as co-owners.
Partial ownership arrangements often arise when individuals cannot afford a second home independently. While a co-ownership deal might help you achieve an otherwise unreachable goal of owning a second home, it is usually more complex than full ownership.
To learn more, download our complimentary eBook, "Your Second Home: Making the Dream a Reality"!
Download now: https://www.cantissimoseniorliving.com/second-home-ebook-lp
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