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What's a Timeshare?

Home Site Map Vacation Ownership What's a Timeshare?

Information about Timeshares

Selling a timeshare or planning a timeshare vacation? Explore our vast resources.

What is a Timeshare:
A Timeshare offers people the opportunity to purchase time at fully furnished vacation accommodations - usually in weekly increments - for a fraction of the cost of full vacation home ownership. These timeshare owners can do what they want with their vacation property, even rent it out. This is the basis behind Vacation Timeshare and Rentals, LLC.  We serve as the medium for vacation travelers and timeshare owners.  When a timeshare owner decides that they would like to rent or sale their accommodation, they simply sell or rent their timeshare on our website.  Interested travelers then locate a timeshare and contact the timeshare owner to negotiate a price or to receive further information.

For a one-time purchase price and an annual maintenance fee, timeshare purchasers own their vacations forever, or for a predetermined number of years, depending upon the purchase agreement of the timeshare.  Therefore, they can choose to either use this vacation time or rent it out for someone else to use.

A timeshare can take a variety of forms. The most common type of timeshare is a resort condominium (which can range from a studio with a partial kitchen, all the way up to a five-bedroom unit with a full kitchen and luxury amenities). Lock-offs are another unit option. They are unique because they can be separated into smaller components by locking a door. Other less-common timeshare accommodations include hotel rooms, houseboats, and even motor homes.

Timeshare owners and renters experience luxurious resort accommodations that are rarely found in conventional hotel/motel rooms, but for a fraction of the cost.  This is why timesharing is the fastest-growing segment of the global travel and tourism industry in the world today!

Why Own a Timeshare:
1. Have an ownership interest in your favorite vacation destination.
2. A great way to spend quality time with your family and friends.
3. Can lock in tomorrow's vacations at today's prices.
4. Flexibility - exchange, trade, or rent. 
5. Timeshare accommodations offer more room and amenities than most hotels.
6. Timeshares are usually fully furnished, most with full size kitchen.
7. Annual maintenance costs are shared by all owners and supervised by a management company, freeing you from the worry, hassles and inconvenience of owning a vacation home.
8. Can pass on to your heirs (with exception of leased timeshares which expire after a predetermined length of time).

Questions to Ask Before Buying:
1. Will I have deeded ownership or right-to-use ownership (lease)?
2. What days will I be able to stay at my timeshare-and is this a fixed or floating week?
3. If the resort uses a floating-week program, how long in advance can I make my reservation?
4. What are the annual maintenance fees and taxes?
5. Are there any special assessments pending against the resort?
6. Does the timeshare resort belong to an exchange program such as RCI or Interval International?
7. Can I "bank" my week if I'm unable to use it during my assigned week?
8. Can I read a copy of the Covenants, Codes and Restrictions before I decide to buy?
9. How will the closing paperwork and deed transfer be handled?

Timeshare Ownership Satisfaction

According to statistics from the American Resort Development Association (ARDA).