What Does it mean to Own a Timeshare?


Being a timeshare owner can mean slightly different things depending on whether you are a deeded owner or a right to use owner, but there are some general timeshare ownership stipulations that are important for both types of owners to understand. Both deed and title owners and right to use owners are legally and contractually tied to their property. This is of note because there are real repercussions aside from simply losing your timeshare for those that do not pay monthly fees, maintenance fees, etc.
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RCI Timeshare Ownership


The two most common types of timeshare ownership are “deed and title ownership” and right to use ownership“. “Deed and title ownership” usually refers to timeshares where use of the timeshare resort is divided up in weeks. The fractional owner of any set week in deed and title ownership has rights to that real property and can use the week, rent the week, give it away, or leave it to their heirs. “Right to use ownership” is a type of contract, not an actual deed, and the timeshare owner has the right to use the property in accordance with the contract for a specific number of years. Both deed and title ownership and right to use are found in vacation clubs and points programs.
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Tips and Suggestions Before Buying Timeshare


Here is a list of 8 important things to keep in mind when purchasing a timeshare:

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