The Chapman-Share 7. Why Consider Fractional Ownership? Fractional ownership allows individuals to own a vacation property for a fraction of the cost. Owners share the benefits of usage rights, income sharing, priority access, and reduced rates. Each share typically entitles the owner to 5 weeks of vacation time, rotating within the four seasons, with a double week that also rotates annually. Owners also share responsibility for the maintenance and upkeep of the property. Costs for improvements, repairs, or replacements are shared among the owners, usually through maintenance fees or assessments handled by a management company. Fractional owners are not required to use all their allotted time themselves. They can allow family members, friends, business associates, or employees to use some of their time. Additionally, they might rent out their remaining time to other owners or third parties who are not owners. This beautiful home with ocean and sound views is a perfect home for the entire family. Newly updated kitchen and spacious family rooms, sun decks to take in the warm sunshine. The location of this home is within walking distance to all of the community amenities Pool, tennis courts, playground, beach access and soundside pier. Ships Watch community is oceanfront to soundfront in the heart of Duck. The town of Duck offers watersport activities, restaurants, shopping and so much more just within walking distance.