Archives
Maximum Occupancy
Refers to the maximum number of people that can stay in a particular timeshare resort / unit. Maximum occupancy describes the absolute highest number of people that can be accommodated by a resort at one time. Of course, if the…
Maintenance Week
Some developers refuse to sell one of the 52 weeks for each unit, in order to use the time for renovations or repairs for the unit. This maintenance week isn’t necessarily the 52nd week, and almost never is, seeing as…
Maintenance Fees
The reoccurring costs involved with owning a timeshare ownership. Fees are used for general maintenance on the resorts as well as funding management and other club-driven initiatives. The term ‘fee’ tends to make people cringe but maintenance fees allow resorts…
Lock-Out / Lock-Off Unit
Lock off units have the ability to be split into 2 separate units or even 2 separate weeks. For example, a 2 bedroom, two bath unit could be separated in to two one bedroom units for one week. Some clubs…
Levy
A synonym for maintenance fees, or other costs paid for use of the timeshare. The term ‘fee’ tends to make people cringe but maintenance fees allow resorts to maintain the property year after year. Maintenance fees are the yearly payment…
Lease / Leasehold
The opposite of a fee simple ownership, meaning the leasee only possesses temporary rights to the property. A right-to-use ownership that is designed to expire at a certain date can be described as a leasehold. There are pros and cons…
Internal Exchange
A term referring to booking at a resort within your resort network, that does not incur a trading fee because a trading company is not utilized. A good example of internal exchange would be with HGVC, you utilize points to…
Instant Exchange
A term used to describe an incentivized booking window, within 60-days or less of utilizing a reservation, which gives you a better value when trading with RCI. RCI, II, and many other trading companies offer last-minute deals to help prevent…
Internet Marketing
Internet Marketing in the scope of timeshare resale is extremely important in helping you find the right ownership, or sell your timeshare quickly. Buying your perfect timeshare is about viewing the right listing at the right time, the more listings…
Interval
Refers to a specific measurement of vacation time. Generally, one week when concerning most timeshares. An interval can refer to a specific reservation, or could refer to an ownership, but generally you’ll hear the term in trading. In this setting they…
