The Diverse Types Of Timeshare Ownership

In the market, there are two basic forms of timeshare ownership: the deeded and non-deeded

. These are accompanied by the two basic types of scheduling that owners can use: fixed and floating. It is a necessity for timeshare owners to tackle both ownership and scheduling systems, even if this can become a source of confusion. For those that plan to own a timeshare, it is important to understand the differences between the categories.

Deeded Timeshares

A property is deemed to be a deeded timeshare if the owner purchases a percentage in a specific portion of the real estate, thus giving them actual partial ownership. This is not too dissimilar to how someone can have partial ownership of a corporation by purchasing shares. It is through deeded timeshare arrangements that owners may eventually gain real property ownership. The deed is recorded in the relevant offices and the owner has all the rights of ownership as other form of property, typically limited only by mutual agreement between the owners. Most timeshare owners prefer a deeded timeshare.

Non-deeded Timeshare Ownership

When a timeshare owner buys a lease, license, or club membership to utilize a property for a limited amount of time each year for a specific number of years, then it is considered a non-deeded timeshare. Non-deeded timeshares can usually be found on leased land like in Mexico and Hawaii.

Fixed-Time Scheduling

You buy a specific unit within a specific week in the year in fixed-time scheduling or fixed-unit arrangements. In this arrangement, you will need to use the same unit or property in the same period of time every year. This needs to be strictly followed unless you swap your timeshare with a different exchange company.

Timeshare owners gain the benefit of when their vacations will be, allowing them more time to arrange their schedule around that period. However, while this does grant a large amount of security, it can also be detrimental. This is because there are very few avenues available for those who wish to change the location or time that they can use property.

Floating-Time Scheduling

In a floating time arrangement, there is no set date during the year when the owner can utilize the property, providing them a great deal of flexibility. The only limitation is that the owner must make arrangements with the company or resort to make reservations for the time they desire, similar to booking a room in a hotel. Rules and regulations are typically provided on when and how this can be done early on. In some cases, timeshare resorts or companies only allow people to make reservations within a given season, a practice commonly known as seasonal floating.

These are known as the basics of timeshare ownership scheduling and form, though the specific details can vary from company to company. There are definite advantages and disadvantages to each one, so it would be best to take that into consideration.

by: Bali Patterson

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