| Timeshare is a very vast worldwide industry. It | | | | • Peak season |
| has over 4000 resorts all over the globe. But you | | | | Type of ownerships |
| need to know a few things before deciding if it is | | | | There are various kinds of ownerships for a |
| worth the investment. | | | | timeshare. They can be: |
| You need information on timeshare before you | | | | • Rotating, floating and fixed weeks. |
| buy, sell or rent an ownership. You will probably | | | | This means that you can own the property in |
| require a guide who can help you make a good | | | | terms of weeks and these can either be rotating, |
| decision regarding timeshare ownership. Such | | | | floating or fixed. |
| guidance is probably what you require in order to | | | | Fixed ownership refers to the kind of ownership |
| make sure you make the correct decisions. Here | | | | in which there is a particular week in the year |
| are a few things you should know. | | | | that you have decided on and it has been deeded. |
| Time share- what is it? | | | | This means that if you own the 32nd week, you |
| It is a form of ownership of property. In | | | | can use the property every 32nd week, every |
| timeshare, multiple owners share the property's | | | | year. |
| expenditures and usage. Most timeshare | | | | Floating ownership means that the ownership is |
| properties are vacation resorts, condominiums, | | | | specific on the number of weeks you own and |
| yachts, motor homes, campgrounds and | | | | gives you a range of weeks from which you can |
| houseboats. | | | | select the weeks of your stay. |
| History of timeshare | | | | For instance, incase your deed states that you |
| The concept of timeshare originated in Europe in | | | | own a floating Christmas week, you can choose |
| the 1960's. A ski resort owner increased his | | | | any weeks around the weeks of Christmas to |
| revenue by offering partial ownership to his | | | | come and vacation at the resort. you can change |
| customers instead of the usual renting of a room. | | | | the week you want to use the resort but this |
| He was very successful and many investors | | | | must be within the confines of the weeks |
| were interested, thus increasing the hotel's | | | | available to you. |
| occupancy. Soon the idea gained popularity with | | | | The rotating kind of ownership means that the |
| other resorts all over the world and now | | | | weeks in the calendar can be rotated backwards |
| timeshare industry is one of the most lucrative | | | | and forward. This means that in a year if you |
| industries of the world. | | | | choose to own the 45th week, you can own the |
| Different ways of using timeshare | | | | 46th and 47th weeks on the years following this |
| You can choose your method of usage of your | | | | one. this allows you to enjoy the hotels amenities |
| privileges in the following ways: | | | | in the best possible way. |
| • You can pick your usage time | | | | How to rent or buy a timeshare? |
| • You can rent out your owned time | | | | All you need to do is select a location or resort of |
| • You can gift a timeshare | | | | your choice and get as much information on this |
| • You can exchange it with other timeshare | | | | property as possible. Then select for which time |
| owners | | | | of the year you would like to own the property. |
| The time and price | | | | Always remember that the time you choose is |
| The price depends on when the time share is | | | | very important. Finally, make your one time |
| used and for how long. There are three times of | | | | purchase payment and your maintenance fee. |
| usage: | | | | You can always approach timeshare consults or |
| • Off peak season | | | | research on timeshare yourself. The internet is |
| • Mid season | | | | the best location for finding information. |