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

[seema]

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]

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]

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]

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]

The OP recently bought from the developer at Westgate, Las Vegas.