how do timeshares work?
A timeshare can be deeded or non-deeded. Most timeshare companies offer timeshares that can last in perpetuity, so you can pass them on to your kids. Some timeshares may only last for a certain number of years. Timeshare ownership can be structured in numerous ways. The usual way of doing it was to get a certain week or two at a particular location. But today’s timeshares are sometimes a lot more flexible. With points or credits-based systems, you purchase points or credits that can be used at various resort destinations. You also choose the unit size, time of year and length of stay based on your vacation preferences. Every year you receive your points or credits on your anniversary date. If some year you can’t use all your points, credits, check with your timeshare company to see if you can roll them over into the next year. And if, in the future, you want to vacation longer or in a larger unit, you can upgrade your ownership by purchasing more points, credits or intervals. Today’s t
