Property Ownership
A South Dakota 'time-share' interest gives the purchaser:
AFee simple ownership of the entire property
BA deeded or contractual right to use the property for a specified period each year✓ Correct
CAn equity interest entitling them to a share of rental income
DA lease that automatically renews annually
Explanation
A time-share gives the purchaser the right to use a vacation property for a specified period each year. It may be structured as a deeded interest (fee simple or leasehold) or a right-to-use arrangement.
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