• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Three types of timeshare - owner based, right to use (lease), points

seema

TUG Member
Joined
Aug 7, 2005
Messages
552
Reaction score
22
Points
378
Location
Ottawa, Canada
I have been told by many people over the years, that the owner based timeshare is the one to buy.

This timeshare is owned for "eternity" to the purchases, or their heirs. Perhaps points too? Not right to use (lease) - most notable example is Disney.

I have been told that the developer has control of maintenance fees in the points based or right to used based timeshares. So there is relatively potentially minimal control on price increases of the maintenance fees.

For the owner based timeshare, usually there is an association of timeshare owners, for that particular timeshare resort. It is usually independent of the developer. Presumably the owners would want to keep price increases of maintenance fees to a minimum?

Any other thoughts on the 3 types of timeshare ownership?
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,668
Reaction score
9,087
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
Except for small independents, the management company almost always controls the maintenance fee because they control the board. Doesn't matter if it's deeded or RTO or points.
 

Panina

TUG Review Crew: Elite
TUG Member
Joined
Jul 13, 2015
Messages
6,781
Reaction score
9,968
Points
499
Location
Florida
Resorts Owned
Hgvc Anderson, Blue Ride Village Resort
Most of what I own is small independent resorts which I prefer. Important if you go with independent to make sure they financially stable.
 

bbakernbay

TUG Review Crew: Veteran
TUG Member
Joined
Jan 29, 2007
Messages
106
Reaction score
47
Points
389
Location
Kitchener, ON, Canada
I have 4 weeks at a small independent weeks timeshare which is at 37 years old, 3 years to Sunset.

The Developer was also the Manager and although we had some Owners on the Board, the Manager was very reluctant to raise MFees and now that he has gone we are faced with 40% MF Increase due to near 50% delinquency.

It is somewhat difficult to know financial stability as our previous Manager was showing the delinquent MFees as an asset that was presumably going to be magically paid at some point.

New Manager said that is wrong and MFees raised significantly which will probably result in even greater delinquency.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,668
Reaction score
9,087
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
The OP recently bought from the developer at Westgate, Las Vegas.
 
Top