Definitions for "Lockout Unit"
an Area of a dwelling with a separate exterior Access and toilet facilities but does not contain a Kitchen
a timeshare that may be divided into two separate living spaces with separate entrances
Typically, a unit which has the capability of being divided to create two separate units. If an owner buys a lock-out unit, he/she can divide the unit and stay in one half and rent the other half, or rent both halves.