Both types are forms of vacation ownership. The traditional timeshare can be a deeded property in which you purchase the right to vacation each year for a week (or more) at a specific resort. Your week(s) can be fixed, floating or rotating.
Typically, accommodation sizes and amenities set timeshare resorts apart from traditional hotels. As opposed to the usual hotel room or suite with bath, timeshares tend to offer multi-room condos with living, dining and kitchen facilities.
You may be promised an enticement in exchange for attending a 90-minute timeshare presentation. Unfortunately, that half-price ticket or free hotel night may cost you a few hours of time in a very high-pressure sales situation.
After purchasing a timeshare, you are obligated to share in the annual expenses to maintain your unit and the common grounds of the resort property. Those expenses cover upkeep, taxes and management fees.
Timeshare weeks and points vary according to unit sizes, resort locations, times of the week and/or year used and resort amenities available. Timeshares usually are priced per point or per week.
Your legal representative will need your resort information to assure that the proper legal counsel is assigned to your case. Your experienced and knowledgeable timeshare attorney and support staff will assist you with all of the steps necessary to complete your timeshare termination.