{"iri":"http://lmss.sali.org/R9FMAbfEYARhk9Z0a5Fvij1","id":"R9FMAbfEYARhk9Z0a5Fvij1","label":"Fractional Ownership Assets","definition":"Fractional Ownership Assets, such as timeshares, are assets that are owned by multiple individuals or entities, each holding a fraction of the ownership and entitled to use or benefit from the asset for a specific period. In the case of timeshares, owners typically have the right to use a vacation property for a set number of weeks each year, while sharing the costs and responsibilities of ownership and maintenance.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RCIwc6WJi6IT7xePURxsi4T","label":"Asset Type"},"parents":[{"iri":"http://lmss.sali.org/RbvEeHm8jkxY6SgfxEoC0i","id":"RbvEeHm8jkxY6SgfxEoC0i","label":"Tangible Assets"}],"children":[{"iri":"http://lmss.sali.org/RDjZR2Ci5EFAMKJbMe4rwje","id":"RDjZR2Ci5EFAMKJbMe4rwje","label":"Timeshare Asset"}],"relations":[],"url":"https://lmss.io/tag/R9FMAbfEYARhk9Z0a5Fvij1/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}