Talk of The Villages Florida - View Single Post - Fractional Share Partner to purchase 2nd home in The Villages
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Old 01-03-2021, 11:52 AM
retiredguy123 retiredguy123 is offline
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This idea has so many potential problems, they are difficult to count. Suppose someone, who owns half of the house, decides to use the house as an Air BNB hotel and rent it out on a nightly basis, or rents out individual rooms? Or, decides to sell their half in weekly increments like a typical timeshare? How do you get homeowners insurance for the house? What recourse do you have if the person who owns half of the house refuses to pay the ongoing expenses? Who is responsible for deed restriction violations?