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Return To Timeshare FAQ Archive   Search the Archives What are the different types of timeshares available? Answered By Mel Tremaine, Editor Timeshares are available in two basic types and these are fee simple and certificate. Fee simple is like the ownership of ones home while certificate is similar to a lease like renting an apartment. Another term for a fee simple ownership is deeded timeshare property. Fee simple ownership is like owning your own home and you will receive a deed to the timeshare. On the other hand certificate ownership, also known as right-to-use gives you an ability of owning a timeshare for a specific amount of time, much like renting an apartment only much longer. There are also some different consumer choices. Examples of these timeshares are: • Fixed week • Floating time • Points • Multi-location The fixed week timeshare is the most familiar form and the oldest kind of timeshare. This works by purchasing one or more weeks to be used at the same time each year at your resort from which the weeks are numbered 1-52. Once you have purchased the number of weeks you will use the resort will guarantee that they will be waiting for you at that time. Floating time type of timeshare works by buying your vacation time by the size of unit and season of the year, which is not designated as to the actual date or week of the year. This type of timeshare will give you the responsibility to contact your resort each year and confirm your arrival to the resort. The advantages of this timeshare is offering you flexibility on your schedule, however it is usually based on a first come-first served basis, this means that highly desirable weeks are often full during their season. Also, when exchanging you should first affix or reserve your time at your resort before the exchange companies will accept it for deposit. Another type of timeshare is called points. This kind of timeshare is the newest form of timeshare to become popular. The way this works is you purchase a number of points or credits, which will enable you to travel in a specific season of the year. You can also use most credit or points based resort for a maximum number of weeks purchased to a minimum of one night. The only drawbacks for this is the accounting systems, which are sometimes confusing and that they are also subject to availability similar to the floating time. The Multi-Location timeshare enables you to have more flexibility to visit other timeshares in other locations as long as it is within the same timeshare organization, either far or near as long as it belongs within the group. --- permission must be obtained from editor Mel Tremaine to re-publish --- Buy Sell Time Share

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