What is the Difference Between a Deeded Timeshare Resale Property and a RTU Resale Property?
Deeded timeshares are treated just like traditional deeded real estate. In other words, once you have purchased a timeshare resale, you own it in perpetuity. It is yours to use, give away, rent out, sell or leave to your heirs. When purchasing a deeded timeshare resale, be sure that the new deed in your name is recorded in the county where the vacation property is located. RTU stands for Right to Use. In locations where deeded ownership of vacation properties is not permitted by law (primarily outside the United States) the owner is given a contract very similar to a lease which defines a set time during which the owner has claim to the property. RTU contracts commonly encompass time frames ranging from 20 to 99 years. If you are thinking of purchasing a RTU timeshare resale property, be sure you know how many years of usage are left on the contract before initializing a sales transaction. For clarification of more technical terms related to timeshare resales, please visit our timeshar
