Tip 8 - Ownership Types True Week 1

Although there are basically only two types of timeshare ownership (deed or right to use), there are many types of timeshare usage. When renting is your goal, it is most important that you really understand your "true week or season." A "true week or season" is the actual use period you purchased. It is not bonus, roll-over or exchange time. And, it is not the exchange season given by an exchange company. The most common error is "I own red- I can go any time." Yes, if you are talking about exchanging, but not in making a reservation for rent.

How do you know what your "true" week or season is for rental? If you own fixed week or fixed date it's easy. However if you own floating, a point system or club, confirming a reservation for rent can become challenging. Calling your resort owner services department or management company and asking the following: "When can I make my reservation WITHOUT paying any additional money besides my annual maintenance fees? In most cases this question will eliminate up-grades, bonus time, roll-overs and exchanges and leave you with a "TRUE" season (i.e.; winter, summer, spring/fall, holiday etc.)

Keep in mind that the majority of resort and management companies have strict policies on renting "only what you own." It is not recommended that you incur any additional costs for upgrades or exchanges for a rental that is not within a "true week or season."

What type of use week do I have and is it rentable?

1. fixed week - confirm exact dates
2. floating - confirm a reservation within your season
3. club - choose a resort and dates
4. points - choose resort, size, and dates
5. bonus time - usually not rentable
6. rolled-over time - usually not rentable
7. exchanged time - choose regional location and dates (guest certificate required)
8. up-grades - usually not rentable
9. anniversary - may eliminate or enhance usage within a calendar year


FINAL NOTE: FOR RENTALS IT IS CRUCIAL THAT YOU KNOW YOUR "TRUE WEEK OR SEASON" OUTLINED ON YOUR ORGINAL PURCHASE CONTRACT BEFORE ATTEMPTING TO RENT YOUR TIMESHARE. EXCHANGE, ROLL-OVER AND BONUS WEEKS ARE NOT OWNERSHIP TYPES AND MAY NOT BE RENTABLE.

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