What Is Timeshare?
Timeshare is a form of vacation property that offers you the benefits of owning a second home without the burden of purchasing and maintaining it. Instead of buying a vacation home that your family will not use most of the year, timeshare allows you to buy a fractional share (typically one week per year, such as 1/52 share) of that same vacation home. You can still use the property every year, but you are not directly responsible for its upkeep.
As an owner, you have the right to occupy a suite at your home resort. This right could take the form of weeks of vacation ownership, or through a vacation club membership where owners can use their “points” to stay at resorts.