Home FAQ New to Timeshare! What is Timeshare?
What is Timeshare? PDF Print E-mail
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Tuesday, 10 October 2006 23:16

A Timeshare is essentially a share in time - or more simply, a week booked every year at a particular hotel for a defined period of time.

For example; Say you find a resort that you enjoy, and subsequently would like to own a piece of. The resort may offer you the oportunity to purchase a week from a possible 52 week schedule for a particular room. If you then purchase that slot, you will have the option to stay in that slot for the next specified amount of years. This will give you cheaper holidays, with the option of then reselling your Timeshare, or passing it to your children, and holding like any other real estate property.

Couple enjoying a Timeshare ResortOf course, a Timeshare can be a lot more complicated than explained here. There are numerous variations on this theme, with points based systems, and split years to name just two. There are also the Timeshares 'in disguise', where companies have sought to call 'their' Timeshares by another name. E.g. Fractional Ownership, Holiday Club, Holiday Periods, Vacation Ownership etc.

 

A Timeshare means year, after year of happy memories.

 

A Timeshare represent's good value for money compared to renting a vacation property in a remote location,  in so much as the Timeshare Resort will offer a much higher standard to it's Timeshare owners, and invariably the use of the leisure facilities at no extra cost.

Last Updated ( Wednesday, 15 October 2008 19:13 )