Why is an exit strategy important in a fractional ownership agreement?

Why is an exit strategy important in a fractional ownership agreement?

John Caliendo (Realtor) gives expert video advice on: What are the benefits of fractional home ownership?; How do I finance my portion on the payment in a fractional home ownership deal? and more...

I think having a detailed exit strategy on a fractional ownership arrangement would be a very, very good idea for the same reason that people draw up prenuptial agreements. In other words, you're entering with the best of intentions but in the unlikely event that the two parties or all the partners decide to dissolve the arrangement, it would be probably the path of least resistance to have a blueprint for the exit and the dissolution.