Property Ownership
A 'time-share' in Florida grants the purchaser:
AFee simple ownership of a specific unit year-round
BThe right to use a property for a specific period each year✓ Correct
CFractional ownership with daily rental income
DA perpetual lease for 99 years
Explanation
A Florida time-share gives the purchaser the right to use a property (typically a vacation property) for a specified period each year. Florida's Time-Share Act (Chapter 721 F.S.) governs the sale and regulation of time-shares in Florida.
Related Florida Property Ownership Questions
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