A leasehold property is similar to a “right to use” timeshare contract, with a few exceptions. Timeshare right to use means the contract or deed that is owned has an expiration date. You can normally purchase right to use timeshare contracts in Mexico, Aruba or other international countries, where an international buyer cannot hold land ownership in.
With a leasehold property, a developer leases a piece of land for a certain number of years. Disney Vacation Club leases from Disney Vacation Development Inc., where they build upon their leased land with resorts.
This is why each DVC resort contract has the same expiration date. Once your DVC contract expires, you will no longer own a piece of the resort or have the option to use your DVC points for vacations elsewhere.
Owners receive an annual allotment of vacation “points,” which can be used as currency for travel. The number of points you receive depends on multiple factors. Your Home resort popularity, unit type and size, as well as season you own within all determine how many points you receive every year.