A timeshare owner's right to occupy a unit at a resort for a specified number of years.
Occupancy rights for a specified number of years, with no ownership interest in the property. Back to the top
A lease, or right to use ownership grants the lessor the right to use the property for a specified period of time; usually from 20 to 99 years. The resort developer or Management Company holds ownership of the physical property. However, during the right-to-use period, the owner may rent, transfer, or bequeath the remaining years of their right to use property.
Occupancy rights for a specified number of years with no ownership interest in the property. During the RTU period, the owner may rent, transfer, or bequeath the remaining years of their right-to-use property.
Ownership is generally of two types, deeded forever (like a house) or right-to-use (RTU) usually for a set number of years. RTU is common where timeshare buildings reside on leased land, such as in Hawaii, Mexico, Palm Springs, and other regions.
A lease agreement granting use of a timeshare property for a specific time period. The management company or the resort developer retains ownership of the actual physical property itself, though the remaining years of a lessor's right to use may be transferred, rented, or otherwise bequeathed by the lessor.