What a timeshare?

A timeshare is fractional ownership in a vacation property. In it, a group of owners divides the rights to use some part of the property you have chosen to stay for a specific time. This means they share use of the property. While the property is generally a residential project like a resort or condo, developers have brought out the timesharing concept to other types of properties like RV parks, campgrounds, etc.

The timeshare developer divides tenancy of each of their units into time-based intervals, especially one week. Then, they sell these intervals to buyers. Each buyer becomes the owner of their unit and enjoys the right to use it for a specific period. 

“Right to use” and deeded timeshares

A “right to use” timeshare is non-deeded whereas a deeded one is ownership in real property just like your home. It’s like a lease where you are authorized for using the unit for specific time. A large number timeshares sold are deeded for life. It means you preserve the right to sell the timeshare unit, give it away or bequeath it to your heirs.

Floating Weeks

In this kind of system, you can use a unit during a specified season. However, you need to contact the resort to reserve specific week during the float period. If you visit the same location again and again, but your travel time changes from year to year, then a floating week is the best bet for you. 

Fixed week system

In this system, your tenancy right is secure to be the same week and the same unit every year. If you travel at the same time every year and are interested in the same location very frequently, then a fixed week system is the right option. With that, you know well that timeshare is available and you can know what unit you can occupy.

Thus, when you travel frequently, make sure you have bought a timeshare rentals Orlando as per your requirements. This is the best way to add excellence to your journey.