What Exactly is a Timeshare?

Have you ever considered owning a timeshare vacation rental? Most people know what a timeshare rental is by now, but for those who don't, you came to the right place. Hopefully the information that I provide will help you make the best informed decision possible regarding your potential purchase.

What Exactly is a Timeshare?

Wikipedia defines a timeshare as a form of ownership or right to the use of a property, or the term used to describe such properties. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property. Units may be on a part-ownership or lease/"right to use" basis, in which the sharer holds no claim to ownership of the property.

Owners can:

• Use their usage time
• Rent out their owned usage
• Give it as a gift
• Donate it to a charity
• Exchange internally within the same resort or resort group
• Exchange externally into thousands of other resorts
• Sell it either through traditional advertising, online advertising or by using a licensed broker