Subdividing land/acres....

[Adrian G.]

I was wondering if anyone knew of any problems with subdividing/selling a large piece of land with undivided fractional interest....Anything issues come to mind?

[Account Closed]

Fractional ownership is fairly common in my area. There are 2 different types.

1 way is that several owners share ownership of a house or condo and each owner has assigned weeks to use the property.

The other way would be a large parcel, usually a ranch or farm, that is owned by a large group of people and they each have a small building lot assigned to them, and then they each have full use of the large common areas.

There are a couple of different campgrounds that are owned that way. No one has a divided parcel; everyone co-owns the whole thing, but each owner has a campsite assigned to them for their own personal use.