What is a Timeshare and How Does it Work?

By Noah Belachew | Content Writer

A timeshare week is the type of ownership that most people are familiar with. As with all timeshares, owners have paid for their share of time at the resort, and generally, that time equates to one full week.

What is a timeshare week?

Biennial vs Annual

Biennial means that owners can use their timeshare ownership every other year. Annual means that owners can use their timeshare every year, given they pay their maintenance fees.

A floating week means that you can reserve your stay for any week of the year on a first-come, first-served basis. In some cases, floating weeks may only apply to a certain season.

Floating Weeks

Deeded Timeshare

Deeded ownership means that the owner has the right to sell the timeshare, bequeath it, rent it or even give it away

Right to Use Timeshare

Right to use ownership grants owners the right to use their ownership for a specified amount of time through a lease.

Points-Based Timeshare

Typically, the fixed week is converted into points. So based on the week or caliber of ownership, owners will have a certain number of points at their disposal.

Types of timeshare

Timeshare resorts are resorts that feature top-of-the-line amenities and accommodations. These resorts offer suites that include full-size kitchens, multiple bedrooms, and private balconies.

What is a timeshare resort?

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