What is the different usage plans offered with a Timeshare or Vacation Ownership?
Today, there are several types of timeshare programs from which to choose, enabling consumers to purchase the type of vacation ownership that best matches their needs and lifestyle. Timesharing or Vacation Ownership is a term which describes a method of use and ownership. It denotes exclusive use of accommodations for a particular number of days each year. Usually sold by the week, it is also called interval or vacation ownership. The purchase of a timeshare interval can take various legal forms. Under a fixed-unit, fixed-week deeded agreement, the purchaser receives a deed allowing the use of a specific condominium at a particular time every year forever just like buying a house. Benefits may include the tax advantages of ownership, plus a voice in the management of the resort. Under this agreement, the owner may rent, sell, exchange, or bequeath the vacation interval. Under a right-to-use plan, ownership of the resort remains with the developer. The purchaser reserves the right-to-us
