time-sharing and time-shares

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time-sharing and time-shares

A temporal division of possessory rights in real property,typically allowing one the use of resort property for a limited time each year.“Owners” may have deeded rights to the real estate with fixed or floating periods of possession,or they may have only a license or other such right-to-use,but no ownership.The rights may be limited in duration,expiring after 5 or 10 years.Many time-share communities offer exchange programs,allowing one to use their time at a different resort than the one of their purchase. Besides the original acquisition price,owners are responsible for their share of the annual dues and unusual expenses.The resale market is limited, so the economic evaluation of a decision to buy should not depend on the ability to recover the purchase price, much less a profit, at some time in the future.

There is currently some regulatory confusion among states and the federal government regarding exactly how time-share interests should be treated. Before developing a time-share project, one should check with local authorities to see if any of the following are required:securities registration with the state Securities Department, subdivision platting, condominium registration, and/or real estate license needed for sales of interests.

References in periodicals archive ?
16) Parents who frequently time-share tend to pay child support and parents who do not frequently time-share tend not to.
Craigendarroch Suites start from PS3700 for a studio suite on a weekly time-share basis.
Name Jim Lews Title President, Disney Vacation Club Location Celebration, Florida Age 47 Power Play Increased Disney Vacation Club time-share ownership from 150,000 to 350,000 members
When I seemed unconvinced, Hornak brought in his boss, Robert Rivard, a second-generation salesman whose mother had sold time-shares in Florida.
Purchasers buy into time-shares either all at once or through payment plans for a specified stay or interval, generally one week.
In the right-to-use programs, the time-share buyer does not assume title to the real estate.
For me and my family, the [advantage] of owning a time-share is being able to travel and stay in five-star resorts.
The Edinburgh Residence is a Georgian mansion, built for the Lord Advocate of Scotland, that has been converted into 29 luxurious time-share apartments.
Vacation time-shares are not for everyone, and in some cases are more trouble than they're worth.
With half Eichner's hotel being turned into time-shares, the 500 rooms could bring conservatively $5 million for each week.
Consumers purchased time-share interests or intervals in a particular resort on a "right-to-use" basis, akin to a contract right for a stated period of time (e.
1 billion-a-year time-share industry will expand HFS' real estate-related businesses.