Hotels Travel Hotels Travel - Timeshares
What is a Timeshare?
A timeshare is a property with a particular 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 sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property. Units may be on a partial ownership, lease, or "right to use" basis, in which the sharer holds no claim to ownership of the property.
Use their usage time
Rent out their owned usage
Give it as a gift
Donate it to a charity
Exchange internally within the same resort or resort group
Exchange externally into thousands of other resorts
Sell it either through traditional advertising, online advertising or by using a licensed broker
Recently, with most point systems, owners may elect to:
Assign their usage time to the point system to be exchanged for airline tickets, hotels, travel packages, cruises, amusement park tickets;
Instead of renting all their actual usage time, rent part of their points without actually getting any usage time and use the rest of the points;
Rent more points from either the internal exchange entity or another owner to get a larger unit or more vacation time or at a better location;
Save or move points from one year to another.
Some developers, however, may limit which of these options are available at their properties.
Owners can elect to stay at their resort during the prescribed period, which varies depending on the nature of their ownership. In many resorts, they can rent out their week or give it as a gift to friends and family.
Hotels Travel Timeshares