Timeshares: Good Or Bad, You Be The Judge

Timeshare is a type of business model where a company buys
something and sells it to customers for small period of time. It
is mostly associated with vacationing or holidaying where you
buy a place and share the cost of maintenance. Timeshares are
mainly for condominiums or cooperatives at vacation
destinations, now timeshare is also applicable to houseboats,
yachts, campgrounds, motor homes and cruises. It has also gone
as far as sharing used or high end private jets.

It is not necessary that who has opted for time share should
make use of it. He can instead rent out their own usage, Give it
as a gift, and Exchange it internally or externally with other
timeshare resorts. Timeshare will allow you to own a resort at
below resort price.

Benefits of Timeshare

One can assign the usage time to the point system so that it can
be exchanged for airline tickets, travel packages, hotels,
cruises, and amusement park tickets. Instead of renting the
entire actual usage time one can rent part of the points and use
rest of the points. Rent more points from either the internal
exchange entity or another owner to get a larger unit or more
vacation time or a better location. You can also save or move
points from one year to another.

Different Kinds of time shares

Fixed week ownership: Fixed week ownership is the most basic
kind of time share. As an owner you own a deed to use a
specified unit for a single specified week in a year.

Floating: The deed of a floating timeshare will be specific on
how many weeks you own and from which weeks you may select for
your stay.

Rotating: As the name suggests this timeshare is on rotating
basis. In this kind all owners get the best chance for the best
weeks, the weeks are rotated forward or backward through the
calendar. This kind of timeshare is not very flexible though.

Deeded Vs. right t use: A deeded contract depicts that the use
of the timeshare resort is usually divided into week long
increments. These are also sold as fractional whereas with right
to use, the timeshare purchaser has the right to use the
property in accordance with the contract. After the contract
ends and all rights goes back to the property owner.

Points: The number of points required to stay at the resort
varies based on a points chart and it might include popularity,
size, and no. of night's one need to spend in the shared
accommodation. An owner of the time share is legally tied to the
timeshare and is responsible for it unless it is sold or
ownership is transferred. Some timeshare require their owners to
plan their vacation time in advance. It is ideally home away
from home.

About the author:
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