What is the difference between Deeded and Right-To-Use?
Deeded and Right To Use (RTU) both refer to types of ownership. Deeded means that you actually hold a title, and own a portion of the resort’s property. With RTU you do not hold a title or own the property. Rather, you have the right to use the property, much like a lease. On the RTU contract is the designated number of usage years. For both deeded and RTU the owner has the option to sell, donate or bequeath the property. However, with RTU the expiration for usage remains the same even after dissemination. Ownership also dictates a measure of power within the resort. Because deed holders do in fact own a piece of the establishment, those owners have the right to vote on issues such as annual fees, resort upkeep and rule changes. Conversely, RTU owners don’t have the opportunity to engage in these matters.
