Archives
American Resort Development Association (ARDA)
The American Resort Development Association, or ARDA, is trade association representing the vacation ownership and resort development industries, also known as the timeshare industry. ARDA is an association based out of Washington D.C. and has almost 1,000 corporate members ranging…
Appraisal
An appraisal is an estimate of a timeshare property’s market value, as assessed by an appraiser. Market value is commonly defined as the price a potential buyer would be willing to pay a voluntary seller, which, in turn, reflects in…
Advance Fees
Advance, or up-front, fees are the costs associated with listing a timeshare property for sale. Never pay any up-front fees to sell your ownership. Requesting a fee for services before a purchase agreement is signed, is not a legitimate business…
White Week
A White Week is an RCI term which refers to a block of time at a resort that has medium desirability. This is contrasted by Blue Weeks, which are low desirability, and Red Weeks, which hold the highest desirability available…
Abstract of Title
A condensed history, generally taken from public records or documents, of the ownership of a piece of real property. The abstract of title lists any and all of the legal actions that have been performed or carried out in conjunction…
Limited Club Use Period (LCUP)
The period of time 6 months after your deeded or right-to-use Hyatt Residence Club ownership week in which owners’ only option is to use Vacation Club points to book reservations checking-in within 60 days. The Limited Club Use Period is…
Club Use Period (CUP)
The period of time 6 months prior to your deeded or right-to-use Hyatt Vacation Club ownership week in which owners no longer have the exclusive right to their owned unit, but rather must use Vacation Club points to reserve time.…
Capital Gains Tax
Capital gains tax is defined as a tax on any profit made during the sale of a non-inventory asset. In this case, selling your timeshare property would fall under that category. Some of the most common capital gains tax comes…
Blue Week
Blue Week, or Blue Season refers to RCI’s term for a low-demand week at a timeshare property. A span of time falling under a blue week generally has the lowest occupancy rates, compared to other times of the year. These…
Tax Deduction
Tax deduction, also known colloquially as a “write-off”, is a deduction of gross taxable income for various items relative to business expenses. These business expenses must prove to be conducive to producing income, and there are exceptions that are unavailable…
