Florida Real Estate Practice Exam

Teena has fee simple ownership of her timeshare unit. Which of these is NOT an example of the type of ownership she may have?

1. Interval ownership

2. Right-to-use

3. Tenancy in common

4. Timeshare estate

The correct answer is: Right-to-use

Teena's ownership of her timeshare unit can be classified as either interval ownership, tenancy in common, or timeshare estate. These three types of ownership all have a shared ownership structure, where Teena has a partial or fractional interest in the unit. However, the fourth option, right-to-use, is a different type of ownership that does not involve shared ownership. Right-to-use ownership grants Teena the right to use the unit for a specific period of time, but she does not have any actual ownership interest in the unit itself. Therefore, it is not considered an example of the type of ownership that Teena currently has, and is the correct answer as the other three options are all forms of shared ownership.