What is the Difference Between Deeded, Leased, and Licensed Timeshare?
Most timeshare ownerships are either deeded or leased for a specific number of years. A deeded timeshare resale property is like any other real estate purchase in that you own the timeshare outright forever. The deeded property can be sold, rented or even willed to your heirs. A leased timeshare property gives you the right to use a specific week at the property for a specific number of years typically ranging from 20 to 99 years. When the lease matures, the right to use the property terminates and normally returns to the selling resort. Although gaining in popularity, probably the least common form of ownership is licensed timeshare. The licensing arrangement normally involves membership in a vacation club. As a member in good standing, you have the right to use the club and all of its amenities.
