Timeshare Ownership Explained

Timeshare ownership is a unique arrangement that many people get involved with at some point in their lives. There are millions of timeshare properties around the world that you could potentially buy into. Wherever people like to travel, you can rest assured that timeshare ownership is an option. If you are considering getting involved in the process, here are a few things that you will want to know about timeshare ownership.

Costs

When you buy a timeshare, there will usually be a few different costs involved. You will usually have to make a down payment on the property and then finance the balance over a certain period of time. On top of that, you will also have to pay yearly maintenance costs on the property. These costs ensure that the property is properly maintained throughout the year. 

Rights

There are two main ways that you could buy a timeshare. You could buy a deeded property or a "Right to Use". An RTU gives you the right to use the property for a certain amount of years. A deeded property gives you the property rights just as if you owned a house. You can pass the deed to the property on to your children if you wish.  

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