Property Ownership
A Pennsylvania 'time-share' interest in a vacation property creates what type of ownership?
AA tenancy by the entireties
BA fractional ownership or right-to-use interest for specified time periods✓ Correct
CA full fee simple interest shared with other purchasers
DA life estate for the duration of the purchaser's use
Explanation
A time-share creates either a fractional fee simple ownership (deeded timeshare) for specific time periods or a right-to-use license for a specified number of weeks annually. Pennsylvania's Uniform Real Estate Time-Share Act regulates time-share sales and provides buyer protections including a rescission period.
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