How Do Timeshares Work | How Timeshare Works

How do timeshares work? How a timeshare works depends on the Type Of Timeshare an owner has purchased. Timeshares have two main parts: Type of contract and type of ownership. The best type of timeshare ownership or contract depends on your wants or needs.

How do timeshare contracts work? There are three types of contracts: Fixed Week, Floating Week and Points Based, and two types of shared ownership: Deeded Ownership and Leased Ownership.

Type Of Contract - Fixed Week, Floating Week, Points

How do fixed week timeshares work? With a fixed week the owner has exclusive rights to the property for one or more than one week out of the year.

How do floating weeks work? Floating weeks are dynamic or rotating and may change from one year to the next. Floating weeks were made to be more flexible but have some downsides.

How does a points system work? With the points system, an owner purchases a certain amount of points every year depending on how many the owner believes they will need that year. Points can be used at various resorts to book a stay.

Type Of Shared Ownership - Deeded & Leased

How does a deeded work? With a deeded timeshare the property is divided among the other owners. Each owner shares ownership in the property deed, allowing them to use the property for one, or multiple weeks a year.

How does a leased timeshare work? With a leased timeshare the right to use the property is divided between the owners of the shared lease, with each owner being allowed to use the property for a certain amount of years.