Interval ownership is a shared-property arrangement in which multiple buyers receive the right to use a property during designated periods throughout the year. These intervals typically recur annually and may consist of one or more fixed weeks. The model is commonly associated with traditional timeshares, where buyers generally purchase usage rights rather than an ownership interest in the underlying real estate.
Fractional ownership offers a different structure. Rather than purchasing access to a property during a designated interval, fractional owners acquire a financial interest in the property itself, often through a property-specific limited liability company (LLC).
At GoForth, each residence is held by its own LLC, and owners hold membership interests in that company. Most homes are divided into four ownership interests, with each 1/4 owner receiving 12 weeks, or 84 nights, of annual use. Owners also benefit from professionally managed properties, designated peak dates established in advance, and the option to rent unused nights. Through GoForth's Exit Guarantee, owners can pursue resale after the initial 12-month holding period.
Learn more about the differences between timeshare and fractional ownership, including how ownership rights, property access, shared expenses, and resale opportunities compare.