Final Answer:
Mary purchasing the right to use an apartment for 2 weeks every year is an example of B) Time-share ownership.(Option B)
Step-by-step explanation:
Time-share ownership, denoted by option B, refers to a property ownership structure where individuals purchase the right to use a property for a specified period annually. In Mary's case, she has acquired the right to use the apartment for a designated two-week period each year. This arrangement is characteristic of time-share ownership, providing individuals with a cost-effective way to enjoy vacation properties without the full financial burden of sole ownership.
Time-share ownership operates on the principle of dividing the ownership of a property into intervals, typically weeks or months. Each owner holds the right to use the property during their allotted time, ensuring a fair distribution of access. This model is prevalent in vacation real estate, allowing multiple individuals to enjoy the property without the need for full-time occupancy. It's a practical solution for those who desire periodic access to a property without the year-round commitment and associated costs of sole ownership.
Understanding the nuances of property ownership structures is essential for individuals navigating the real estate market. Time-share ownership provides flexibility and affordability for those seeking periodic access to vacation properties, making it a popular choice for individuals like Mary who value recurring, limited-time use of a property.(Option B)