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Definitions (13)
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Developer
The company owning the resort. Responsible for constructing the accommodations on-site and selling the product.
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Exchange Company
The system that allows timeshare owners to trade the accommodations they own for comparable accommodations or travel-related services. Most resort companies are affiliated with an exchange company. [..]
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Fixed week
A type of timeshare ownership in which usage rights attach to a specific week of the year each year in perpetuity.
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Fractional Ownership
Leisure real estate sold in intervals of more than one week and less than whole ownership. Fractionals are usually associated with the luxury segment of vacation ownership, offering greater services [..]
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Maintenance fee
A fee that timeshare owners are required to pay, usually on an annual basis, to cover the costs of running the resort, including daily management, upkeep, and improvements.
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right to use
A timeshare owner’s right to occupy a unit at a resort for a specified number of years and having no real estate interest conveyed.
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