The value of the property disposed of to the detriment of the partition shall be included in the amount of acquests, unless the injured spouse, or his or her heirs, prefer to claim it.

NOTICE TO THE MARKET
Sale of Ideal Fraction in Edifício Morumbi Park
São Paulo, Brazil - November 14, 2017 - São Carlos Empreendimentos e Participações S.A. ("São Carlos" or "Company"; B3: SCAR3) hereby informs its shareholders and the market in general that Top Center Empreendimentos e Participações Ltda., a subsidiary of São Carlos, entered into a Public Deed of Purchase and Sale, through which it sold a 37% stake in Morumbi Park ("Property") for R$74.3 million. The payment was made in two installments: the first of which, of R$7.2 million, was paid on July 10, 2017, and the balance was fully paid in the signature of the deed of purchase and sale.

Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved. One of the main motivators for a fractional purchase is the ability to share the costs of maintaining an asset that will not be used full-time by one owner.
Real property
The practice of joining together with family and friends to share ownership of vacation property has been around for many years. But the fractional property industry started in the U.S. in the Rocky Mountains ski resorts in the early 1990s. These first fractional developments recognized that people did not want to buy whole homes, which they would use only for a few weeks a year in the mountains. According to research firm Ragatz Associates, there were over 312 fractional developments in North America in 2017.[2] The U.S. Mountain region has the majority of active fractional property available, with the U.S. Pacific region next. The prevalent leisure activity for owners of fractional property in the U.S. Mountain region is skiing. In 2018, the most common fractional size available for purchase in North America is a one-fourth ownership, giving owners three months of total annual visit usage.[3]

Outside the USA a non-commercial form of fractional ownership has been in existence for several decades. In this form, otherwise unconnected individuals (rather than family or friends) form private syndicates to purchase, for example, vacation property or boats. These syndicates operate as private member groups with small numbers on a non-profit basis, generally just sharing expenses and usage. These groups can involve assets ranging from modest apartments or condominium-type properties to multimillion-euro / dollar properties, and leverage their ability to make collective purchases of additional assets such as boats or vehicles as additional facilities while retaining control entirely within the membership of the group.[citation needed]

The popularity of the term fractional ownership has caused extensive rebranding in other industries where similar concepts, such as real estate timeshares, were already well established. The main distinction between timeshare and fractional ownership is that with a timeshare you buy the right to use a property, but with fractional ownership, you are buying real estate. You get a deeded piece of real estate, just not for the entire parcel.[4]

Fractional ownership divides a property into more affordable segments for individuals and also matches an individual's ownership time to their actual usage time. A fractional share gives the owners certain privileges, such as a number of days or weeks when they can use the property. Occasionally, the property is sold after a predetermined time, distributing the relative proceeds back to the owners. A few private owner-groups have developed highly sophisticated usage allocation schemes and other features based on the principle of attempting to get as close as possible to the flexibility of individual ownership, and only compromising this to the minimum extent necessary to accommodate multiple owners. In such schemes, the basic agreement is between the members themselves, whereas in most commercial fractional ownership schemes, the owner's principal relationship is with the property developer and/or promoter of the scheme.

moiety meaning one half in ENG land law.

Compare also the meaning of ideell in Scandinavian lingos, such as ideelle andeler = notional (undivided) shares in a company.

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