Timeshare usage is every year.
Timeshare Resales & Rentals 1-800-610-2734
A Deeded property has the same rights of ownership accorded to it as any deeded real estate. The owner owns it in perpetuity and may sell, rent, bequeath, or give away the property.
A fixed week is an ownership that assures the owner use of the same week each year. This week would be given a specific number, such as '16'. Usually, the numbers start with '1' being the first full week in January and continuing through the end of December. Generally, the week will begin on a Friday, Saturday, or Sunday.
A floating week is an ownership that allows the owner to reserve any week throughout the year. Some floating weeks are restricted by season and can only be used during a certain span of time during the year. For instance, a summer floating week could be used during any week that falls within the defined summer months.
Maintenance fees are established and collected by the Homeowners Association or Resort Management Company at each resort to maintain the property and pay for insurance, utilities, and refurbishments. Maintenance fees vary with each resort and depend on the size and type of unit.
Owners in this type of system purchase points for use as currency to reserve timeshare accommodations of various sizes, during different seasons, and for varying lengths of time. Points can sometimes also be used for other vacation products such as airfare, hotel stays, and auto rentals.
A Right To Use or Leased property grants the purchaser the right to use the timeshare for a specified period of time allotted in the contract. The usual term of a lease is 30 to 99 years. The resort management or resort entity holds actual ownership of the resort property. Upon the expiration of the lease term, the right to use will generally terminate and return to the resort. To find out how many years remain on the lease, simply fill in the form.
Some weeks are restricted by season and can only be used during a certain span of time during the year. Also, these seasons determine which weeks make a comparable exchange through an exchange system such as RCI or II. Different resorts specify different criteria for determining seasons. For more information regarding seasonal restriction for this particular resort, simply fill in the Request More Info form.
In a timeshare ownership, the owner purchases a certain amount of time at a given resort. Generally, that amount of time is one week. Resorts create their own individual schedules or calendars of weeks. Usually, weeks are given a number starting with the first week in January and continuing through the end of December and will begin on a Friday, Saturday, or Sunday. The numerical week designation on the ad shows during which week of the year the owner has access to the resort.
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