Property Ownership
A 'time-share' property in Oregon gives the buyer:
AFee simple title to an entire resort property
BThe right to use the property during a specified period each year✓ Correct
CA 50-year leasehold interest
DAn undivided interest in all units of the development
Explanation
A time-share gives the buyer the right to use a vacation property for a specific period (typically one week) each year. Time-shares can be structured as fee ownership or as a right-to-use (license). Oregon's vacation time-share plan act governs time-share sales in the state.
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