Ryan Beachum of ResortShare shares his insight and information on what a timeshare is. Enjoy Ryan's article and check back soon for more information.

1. What is a Timeshare?
Ryan Beachum

2. More often than you would expect people are rather
confused about what a timeshare is and what they
get out of them
There is a mysterious aura that surrounds
timeshares and people often have a lot of questions
regarding specifics as well as big picture information
The following presentation is intended to help shed
some light on what a timeshare is and what you can
gain by owning one
Enjoy and feel free to share

3. A timeshare is defined by being a property with a particular
form of ownership and/or usage rights
Typically timeshares are a part of a larger amount of resort
properties where multiple parties hold rights to use the
property
Each owner is given a specific amount of calendar time to
use the property to their wishes
This time period usually comes down to a one or two weeks
a year. This week is usually the same each year as well
Timeshare units may be on a partial ownership, lease, or
‘right to use’ basis, where the sharer holds no claim to
ownership of the property

4. Owners are allowed certain things for their
timeshare properties
These methods of use can and do vary
pending on the property
The list coming up should give you a better
idea of some of the things owners can do with
their properties

5. Use the allotted usage time
Rent out the allotted usage time
Give their allotted usage time as a gift to
someone else
Donate their allotted usage time to a charity
Sell their share in the property

6. This is the most basic of the units for timeshares
An owner may use a unit for a single specified
week or whatever their allotted time is for
As previously mentioned an owner may have the
20th week of the calendar year and more often
than not the owner will always have the rights to
the 20th week on the calendar

7. There are timeshare units that can be sold as floating
weeks
The ownership of these units will be specific on how many
weeks the owner owns and from which weeks the owner
may select for the other owners stay
An example of this would be the owner choosing to rent out
the property from the 25th week of the year to the 40th
week
There would thus be somewhat of a competition for the
weeks that fall between dates allowed by the owner

8. Ryan Beachum
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