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Timeshares usually are sold in weeks either yearly or every other year. There are many different programs that dictate how you can use your timeshare. We are going to discuss these topics.

Fixed Week
Fixed week means your week whether it be yearly or every other year is always on a specific week each year. There are 52 weeks in the calendar and you will see the week talked about as a number between 1 and 52. You can see our Timeshare calendar here to see what time your week falls on for any given year. The nice part of a Fixed week is you are guaranteed to have that week unlike the float week which we will discuss next.

Floating Weeks
Usually there is a period of the year that your float is valid. This requires you to make a reservation for your resort for a week within the float period. If you do not make your reservation in time and all the units are taken for a week that you are looking for you will be out of luck and have to look at a different week. So when you get a resort with a floating week we suggest making your reservation in advance.

Rotating Weeks
Some resorts have gone to a Rotating week which rotates the week you have each year based on a fixed year schedule. Say you are on a 3 year rotation this means if you have week 9 on the first years the second year you will have week 26. The third year you would have week 43 and the forth year it would go back to week 9.

Deeded or Right to Use
With Deeded use the programs divide ownership of each unit into specific week increments. As the buyer you are purchasing a fractional ownership of the resort for the unit specified. With a Deeded purchase you would receive a deed conveying to you ownership of a given week and unit. The deed is recorded with local governmental agencies such as a County Recorder or Assessor. If your property has a float week or float unit your deed while show a 1/52 ownership at that resort. A Deeded Resort can be sold, given away, or bequeathed to your heirs, just like a typical property.

When a timeshare project is established the developer will create a set of legal documents describing the operation of the resort and the timeshare program. This paperwork is referred to as the “Program Documents”. Within this document there are usually forms of Codes, Covenants, and Restrictions (CCR) that are binding to all owners at the properties, this includes any subsequent purchasers.

Right to Use (Leased)
With a “Right to Use” also referred to as Leased Resort you are given the right to use the property for a specified number of years. At the end of that time the usuage reverts to the property owner. Usually you can sell, donate, or bequeath a “right to use” contract. However the expiration date will remain the same. Many countries prohibit or severely limit foreign ownership of real estate. For this reason most out of country resorts have been forced to use this method.

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