Fractional Ownership is a relatively simple and comparatively affordable ownership arrangement in which two to six individuals or entities hold shared legal title to a single parcel of real estate or a condominium unit. Each owner has a "fraction" of the total ownership, in the typical project that is one or more "sixths" of the full ownership. We call the owners "Fractional Owners" or "Tenants in Common". This is a great way to own and enjoy the full benefits of a beachfront / oceanfront property of your dreams at only a fraction of the total cost.

The owners obtain the right to use specific periods of time each calender year, called "Intervals" in the project documents. Sometimes people refer to the owners as "Interval Owners" in the same way as they do "Fractional Owners". The Fractional Owners are also called "contenants" according to Hawaii Law. This means you share how much of the title you have purchased. Once you acquire title, your interest in your property legally is an interest in REAL property.

With Hawai'i's evolving real estate market, buying or selling property on Maui has become an even more unique process. The guidance of a kama'aina (long-time resident) and experienced real estate professional like REALTOR® Kathryn Petty-Tubman (S) is crucial to navigating Maui's one-of-a-kind market.

REALTOR® Kathryn Petty-Tubman (S) is the Oceanfront & Resort Specialist. She understands the ins and outs of South Maui, specializing in the upscale communities of Wailea and Makena, adjacent to comfortable, vibrant Kihei and just 30 minutes from the Kahului Airport.

For more information on Maui Real Estate, don't hesitate to contact Kathryn Tubman at (808)276-3311. You can also browse our website and be sure to check back regularly for daily updated listings. Our website is userfriendly that offers a wealth of information on Maui real estate.

Resources