Categories: Industry Trends

Timeshares are fractional vacation ownership interests in a resort. The fractional interest is usually the right to occupy a one or two bedroom unit for one week, every year.  In such a situation one unit could have 52 owners. Purchasers are granted ownership as either as a “Timeshare Estate” or as a “Timeshare Use.” Timeshare Estate ownerships are granted by deed and are actual real estate ownerships. Timeshare Use ownerships are granted by contract and the owner has a license or membership interest in the time share resort. Timeshare Use is not an ownership in real estate

Posted on Feb 5, 2013

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