What are timeshares?

[fireytube3]

Basic question thought.

 

[RX8]

Basic question thought.

Not sure where you are heading with this question. Actually I suspect where it is heading but will provide an answer anyway. If you are wondering what a timeshare is then Google is your friend.

“A timeshare (sometimes called vacation ownership) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owner of the same accommodation is allotted their period of time. The minimum purchase is a one-week ownership, and the high-season weeks demand the higher prices. Units may be sold as a partial ownership, lease, or "right to use", in which case the latter holds no claim to ownership of the property. The ownership of timeshare programs is varied, and has been changing over the decades.”

 

[pedro47]

To the OP, please TUG’s Timeshare Advice Articles.

 

[geist1223]

There are set week timeshares - you own a Deed for a specified week in a specified unit in a Condo like environment. There is a floating week timeshare. You have a Deeded Week in a specific Unit but you can Book a different week perhaps depending on the Season. The unit you Book will probably not be the unit on which you hold a Deed. There are pure Point Timeshares where you own a specified number of Points. The Deeds are normally held in a Trust. The number of Points needed to Book will generally depend on the size of Unit and the Season.

 

[TUGBrian]

this article is for you!

http://tug2.net/timeshare_advice/timesharing_101_an_introduction_to_timeshares.html

 

[iwanttoflyaway]

You guys are SO MUCH NICER than I. My first thought was that this was some sort of bit. My second thought, assuming it was a real person, was... well, not terribly nice. I'm glad you guys are here.