•T I M E S H A R E

•S U B M I T T E D T O : - M R .
M A N UJ KU M A R
F R O N T •S U B M I T T E D B Y : -
ROHIT MALIK
O F F I C E •R O L L N O : - 2 1 4 1 1 1 9 2 4 1
ASS I G N M E N T
WHAT IS TIMESHARE?
• A timeshare is a form of vacation property ownership. With
timeshares, the use and costs of running the resort are shared among
the owners. While the majority of timeshares are condominiums or
cooperatives at vacation destinations, developers have applied the
timeshare model to houseboats, yachts, campgrounds, motor homes,
cruises and private jets.
TYPES OF TIMESHARE CONTRACTS
• Deeded contracts
• Right to use contract
• Timeshare ownerships ( fee sample )
• Club agreement
DEEDED CONTRACTS
• With deeded contracts the use of the timeshare resort is usually
divided into week long increments and these are sold as fractional
ownership and are real property.
• As with any other piece of real estate the owner may use his or her
week, rent his or her week, give it away, or leave it to his or her heirs.
• While this form of ownership can offer additional security to the
owner as a form of physical ownership, deeded timeshare ownership
can be as complex as outright property ownership in that the structure
of deeds varies according to local property jaws
RIGHT TO USE CONTRACT
• With right to use contracts, the timeshare purchaser has the right to use
the property in accordance with the contract but at some point of time
the contract ends and all rights revert to the property owner.
• In other words, the right to use contract grants the right to use the
resort for a specific number of years.
 TIMESHARE OWNERSHIPS ( FEE
SAMPLE )
• Here, the purchasers jointly invest in a property, allocate interestsko
each owner, and employ a manger to run the unit which has attached
amenities, services and recreational facilities.
 CLUB AGREEMENT
• this involves the ownership through purchases of shares of which
shareholders receive points in proportion to the value of the
investments.
• These points entitle them to the use of any apartment at any time of
the year.
• This concept is very popular in Switzerland (Hapimag) and France
(Clubhotel Timeshare Group which is part of Club Mediteranee).