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Although there are a number of marketing techniques and names to sell timeshares, there are basically only two types of timeshare ownership. That is deed ownership or right to use ownership.
DEED OWNERSHIP AND RIGHT TO USE (RTU) OWNERSHIP ARE THE TWO BASIC TYPES OF TIMESHARE OWNERSHIP.
1. Deed - ownership interest providing title to the property. 2. RTU - occupancy rights for a specified number of years, but no ownership interest in the property.
Each type of ownership can also be:
1. Fee or Leasehold (property located on leased land) 2. Fixed (time period fixed each year either by date or week number) or Floating (time period defined by a season and must be requested and reserved on a annual basis.) 3. Sold by a set number of annual occupancy days or in the form of points to be used according to a specified formula.
A possible third type of ownership, know as club ownership allows you the occupancy rights in a number of different resorts within the club. However, the basic ownership in the club is still either deed, RTU, or both.