Fractional ownership is the latest trend among those looking for an affordable getaway house. Fractional properties allow prospective buyers to purchase a stake in a vacation home rather than buying a whole property.

This approach makes sense for several reasons, including lower purchase costs and less maintenance. Plus, a fractional property is less likely to stay vacant most of the year.

Fractional ownership is not without its downsides, though. In this guide, we’ll cover everything you need to know about this shared ownership model and whether it may be right for you.