Fractional ownership is a method where multiple individuals share the ownership of a single asset, such as a vacation home or yacht. Each owner purchases a fraction of the asset, allowing them to enjoy its benefits without bearing the full cost. This arrangement often includes shared responsibilities for maintenance and management. This concept is commonly used in luxury items and real estate, making high-value assets more accessible. By pooling resources, owners can enjoy the perks of ownership while minimizing financial risk and commitment. Fractional ownership can also apply to investments in art or aircraft, broadening its appeal.