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What is the difference between a timeshare Fee Simple Ownership, a Certificate Ownership and a Leasehold?

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What is the difference between a timeshare Fee Simple Ownership, a Certificate Ownership and a Leasehold?

Answered By Mel Tremaine, Editor


The differences can be seen in how you actually have rights and ownership to the property. Each system allows you to have the time period wherein you can use the property.

In a Fee Simple Ownership, your ownership of the property is forever. You will get a deed for your share. You purchase a number of weeks in which you can use the property.

A Certificate ownership gives you a certain time period wherein you own the property. This depicts a certain time frame wherein you are a timeshare owner of a property.

Leasehold timeshare is when a state does to allow a deeded ownership of a property. You have a lease on a certain property in a certain period of time wherein you timeshare that property.

--- permission must be obtained from editor Mel Tremaine to re-publish ---

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