What is the Declaration of Fractional Ownership?

When you buy Condominium Fractional Real Estate, you get a condo Declaration and a Declaration of Fractional Ownership. This is the document which is recorded with your deed and defines who can use the cottage at what time. Think of it like the similar agreements that family members have when they buy a cottage together. This document is a defining feature of your cabin – just like the number of bathrooms, the square footage, or the lakeshore. You should buy a cabin with the Declaration of Fractional Ownership that makes sense for you and your family.