What are timeshares anyway?Timeshares are an arrangement between a group of people for the shared use of a vacation property. Unlike co-owning a house, a timeshare buys you the right to use the property for a specific period of time throughout the year. Timeshare agreements can be arranged in two ways:
- Deeded: The owner can use, rent or sell the share of time they own in a single property.
- Non-deeded: The owner leases their time in a property, sometimes having the option to use multiple locations.