Timeshare Advice: Know your ownership
Timeshare Consumer Bureau wants all of our dedicated advocates to understand as much as possible about the timeshare industry, so we offer expert advice at every step. There is nothing as important as understanding your timeshare contract, and that is some of the best timeshare advice we can possibly provide.
Before finding a solution, consumers need to be armed with all the timeshare information and advice they can possibly get. The Timeshare industry is so large and powerful that many consumers feel absolutely helpless, no matter how much advice they receive. Do not feel overwhelmed. We will start with the basics for a powerful foundation and force for change. We will now discuss the two types of timeshare ownership, for all other timeshare advice stems from the type of contract you have signed.
Before finding a solution, consumers need to be armed with all the timeshare information and advice they can possibly get. The Timeshare industry is so large and powerful that many consumers feel absolutely helpless, no matter how much advice they receive. Do not feel overwhelmed. We will start with the basics for a powerful foundation and force for change. We will now discuss the two types of timeshare ownership, for all other timeshare advice stems from the type of contract you have signed.
Deeded and Non-Deeded Timeshares
For the very best timeshare advice anyone can provide, you must first understand if you have signed a deeded or non-deeded timeshare. In a deeded timeshare, the consumer signs a contract that purchases an ownership interest in a resort. If your contract allows you to stay in only one unit in one particular time of year, you own a deeded timeshare. This is also called a fixed time ownership, and can only be traded through a timeshare exchange program. Our best timeshare advice is to stay far away from these programs, as they often charge massive hidden fees, as in the RCI timeshare scam.
A non-deeded timeshare is the purchase of a licence or lease that allows the customer to stay in a particular resort for a specific amount of time each year. This is called a floating time arrangement. Reservations must be made in advance to secure the customer’s time in the year. A great piece of timeshare advice is staying away from these types of agreements. Reservations are often very difficult to make, even months in advance. There are often many hidden fees associated with non-deeded timeshares as well.
The best piece of timeshare advice is to stay away from timeshares altogether, but understanding your timeshare contract is a close second. To understand your contract is the first step in breaking the cycle through a timeshare service or attorney. All along the way, Timeshare Consumer Bureau will be here to offer the best timeshare advice possible.
A non-deeded timeshare is the purchase of a licence or lease that allows the customer to stay in a particular resort for a specific amount of time each year. This is called a floating time arrangement. Reservations must be made in advance to secure the customer’s time in the year. A great piece of timeshare advice is staying away from these types of agreements. Reservations are often very difficult to make, even months in advance. There are often many hidden fees associated with non-deeded timeshares as well.
The best piece of timeshare advice is to stay away from timeshares altogether, but understanding your timeshare contract is a close second. To understand your contract is the first step in breaking the cycle through a timeshare service or attorney. All along the way, Timeshare Consumer Bureau will be here to offer the best timeshare advice possible.
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