Types of Timeshare
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The two main timeshare plan types are:
1. Deeded Timeshare – buyers can own timeshares and use the property’s facility for a period of time each year. There is also a deed or a title for a certain number of years. The usual number of years for using the property is about 40 years and since there is a title or deed involved, the property can therefore be inherited.
2. Right to Use or License Timeshare – buyers are only licensees which means that they can use the facility but it does not involve a deed of ownership and therefore cannot be inherited after a certain number of years when the lease expires.
