Blog 2: ConciergeRealty.com
KNOW YOUR TIMESHARE OPTIONS BEFORE INVESTING Timeshare rental is a popular concept. People are nowadays looking for timeshare for sale or timeshare for rent at various places to spend their vacations in peace. If you are interested in owning a timeshare, then you must know about the various timeshare categories. The four major kinds of timeshare are: 1. Fixed Week In fixed week time share agreement you get to use the property at the same time of the year for all the coming years till the contract lasts. With this type of agreement, the owner will have to vacation or can rent out the timeshare rental to someone else during his slot of time, only. Fixed week timeshare is good for locations with heavy tourist inflow. 2. Floating This is a more flexible option as compared to the fixed week agreement. Under this plan you have an option to fix a time of the year that is convenient for you and reserve the timeshare for that period of time. The disadvantage of this option is that setting up a booking for your desired dates may be a bit difficult, as someone else might already have taken up that slot. 3. Right to Use In these types of agreements, the buyer has the right to lease the property for a fixed duration of time, for the number of years as agreed between the developer and buyer. The developer holds with himself the right of property. 4. Points Club Points club option gives an option to the buyers to stay at various locations depending on the number of points that they have accumulated in their account for buying a timeshare property or by purchasing points from the club itself. The points can be used at par to the currency to reserve the properties for the duration that the buyer wants to.