timeshare
Sign in to savethumb|right|280px|Rutland Hall Hotel timeshare lodges in Rutland, [[United Kingdom]]
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- Merchant Category Code
- 7012
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~26 min read
Article
22 sectionsContents
- History
- Legislation
- Established regulations in Mexico
- Methods of use
- Exchanging timeshares
- Varieties
- Deeded versus right-to-use contracts
- Fixed-week ownership
- Floating-week ownership
- Rotating or flex-week ownership
- Points programs
- Types and sizes of accommodations
- Sales incentives
- The tour
- Cancellation of a timeshare contract
- Resale market
- Market value
- Right of first refusal
- List of timeshare systems with right of first refusal on resales
- Criticism
- See also
- References
thumb|right|280px|Rutland Hall Hotel timeshare lodges in Rutland, [[United Kingdom]]
A timeshare (sometimes called a vacation ownership or vacation club) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owner of the same accommodation is allotted their period of time. Units may be sold as a partial ownership, lease, or "right to use", in which case the latter holds no claim to ownership of the property. The ownership of timeshare programs is varied, and has been changing over the decades. The timeshare market has been subject to criticism.