Property Ownership
A Florida timeshare ownership typically creates what type of property interest?
AA leasehold interest with no equity
BA fee simple interest in the property for a specific time period each year✓ Correct
CA personal property interest only
DA cooperative ownership interest in the resort
Explanation
A deeded timeshare in Florida typically creates a fee simple ownership interest in the property for a specific time period (such as one week) each year. The owner receives a deed and the interest can be sold, willed, or inherited.
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