Timeshare, not Fractional Ownership

Both, timeshare and fractional ownership are vacation home terms. However, these are different vacation home options and are used to denote different arrangements. Often people are confused regarding the meaning of these concepts and often consider them to be mutually inclusive terms. This can lead to big problems like timeshare solutions scam; therefore we must carefully understand these two different concepts.

Fractional ownership is like owning a property partially. It means a defined portion of a given property is under your ownership. Such an arrangement is mostly preferred in cases of very large or very expensive properties. Because these large, expensive properties may not be affordable by a single buyer, a few buyers can get together and divide the property amongst them selves proportionately. Hence, every buyer gets a share in this property. This also means that caring and maintaining the portion under him would be his own responsibility.

A Timeshare on the other hand would imply the right to an entire property for a specific part of a year. Timeshare owners buy a certain amount of time in a year that he can use his timeshare property in. While they use their timeshare property they are not restricted to any particular portion of the property. The entire property would be accessible to every timeshare owner during his specific time period. In this case the entire property will have to be maintained by all the involved owners.

Many legal documents use these terms interchangeably thus causing much confusion and timeshare solutions complaints. Opt for a reputed company like Premier Timeshare Solutions. Be clear on the terms before making a purchase and you will end up a happy vacationer!