Which type of property provides the owner with a deed and a fractional share of ownership for specific intervals of use?

A time-share property allows multiple owners to hold fractional ownership of a single property, granting each owner the right to use the property for a specific period of time, typically on an annual basis. This arrangement involves the issuance of a deed that reflects the owner's stake in the property, which is instrumental in defining the intervals during which they can utilize the property.

This setup is particularly appealing for individuals who want the benefits of vacation or recreational property without full ownership responsibilities or costs. In contrast, a condominium provides full ownership of a unit within a larger building but does not include time-sharing arrangements. A cooperative involves ownership of shares in a corporation that owns the property and usually lacks individual deeds tied to specific times of usage. Single-family homes signify complete ownership of a standalone property without shared usage agreements. Thus, time-shares stand out as unique for their fractional ownership and scheduled usage characteristics.