What is a floating time week?
Floating time weeks refer to the use of vacation accommodations usually within a certain season of the year, often within a three- to four-month period such as spring or summer. The owner must reserve his or her desired vacation time in advance, with reservation confirmation typically provided on a first-come, first-served basis. The purchaser may also receive a deed under a floating time arrangement. According to a recent national study, approximately 70 percent of vacation ownership condominiums in the United States are sold as floating time.
