What does “right to use (or leased property)” or “deeded” mean?
A leased property is a right to use and will expire after a certain number of years. Those years can be from 20 to 99. It is important to verify that you can transfer your property if it is a right to use property. With a right-to-use timeshare (usually referred to as a “vacation interval” or “leased property”), although usually less expensive, you do not own the property, but have the right to use it for a specified period of time. Because it will revert back to the developer at some future date, the developer has a greater incentive to keep the property in good condition. However, your resale rights may be limited. Also, with vacation intervals or right-to-use timeshares, your unit may be “fixed” (you’re entitled to use the same unit each time) or “floating” (you’re entitled to a similar unit, but not necessarily the same one). The time you’re entitled to use your timeshare, may also be fixed or floating. Time and unit could also be some combination of fixed or floating. A deeded pro
