Archives
Unit Size
Refers to the number of bedrooms and bathrooms for a timeshare unit. The flexibility of modern timeshares allows you to select your unit size at the time of booking. When using a points-based ownership, you can decide each year, how…
Trading Power
Refers to the ability of a particular ownership to trade for other desirable ownerships or times of the year. Just as in the rest of life, with timeshare exchange, you can only get what you give. Your resorts’, or intervals’,…
Timeshare
A fractional ownership in which owners are deeded only a piece of ownership rights. Fractional ownership ensures life-long vacations at high-end resorts for very low prices when compared to hotels. If you’ve ever thought of a timeshare as a “slice…
Travelshare
A developer incentive program, designed to persuade presentation attendee’s away from buying a timeshare on resale for thousands of dollars cheaper. Read more about Travelshare. The travelshare program is a developer’s incentive membership that is designed to entice people to purchase at the…
Special Assessment Fee
A fee that is in addition to annual maintenance fees, generally charged only in times of emergency for major repairs or renovations to the owner’s resort. For example, if a tornado knocks down the resort you own in Florida, the…
Space Banking
A member of RCI can deposit their week or points with RCI, in an effort of prolonging the amount of time before the usage expires. For WorldMark, credits can be space banked for up to extra 2 years on top…
Season
Seasons are designated time periods throughout the year denoting usage value and/or period of ownership. A season is a block of time, made up of various week numbers, that organizes each week of the year into categories ranging from very…
Right-To-Use (RTU)
Right-to-use ownerships are not deeded, and feature an expiration date, after which the owner can not utilize the resort. The opposite of a fee simple ownership. They are different from vacation clubs, which also do not carry a deed in that…
Resort Clubs
Resort Clubs are multiple vacation properties that have been incorporated into one reservation system, usually through points-based reservations, for the use of many different owners. Resort clubs generally offer an experience much closer to the comforts of your home. Many vacation ownership…
Rescission
The process of canceling the purchase of a timeshare interval, the rescission period, or amount of time legally allotted to cancel the purchase, differs from state to state. When going through the process of canceling the purchase of a timeshare…
