Property Ownership
In Michigan, a time-share arrangement in a resort condominium grants the purchaser:
APerpetual title to the unit
BA right to use the property for a specified period each year✓ Correct
CAn undivided interest in all units at the resort
DGuaranteed rental income from the property
Explanation
A time-share grants the purchaser the right to use a specific unit (or unit type) for a specified period each year. They may own a deeded fractional interest or simply a right to use, depending on the structure.
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