The emery family, along with 20 other families, purchased a timeshare estate that will enable them to share a condominium in a resort community. a timeshare estate involves a type of ownership.

A timeshare estate involves a fee simple type of ownership.

Explanation:

Fee simple ownership is likely the most well-known form of ownership for real estate buyers. This kind of ownership can also be called fee simple absolute due to its characteristic of being fully complete. When a fee simple buyer purchases a property, he/she receives the title, which also covers the land and whatever improvements to it.

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