Different types of Timeshare.

1) Fee – Fee simple type is also known as deeded system, where you buy an actual deeded interest in real estate. This kind of ownership is owned for life and owner has the right to use it, rent it or sell it. Title transfer holding explains that deeded timeshare ownership can be sold on week basis. It can also be sold as an ownership percentage in the entire resort.  In simple fee timeshare ownership, owner receives a title in perpetuity.

2) Leasehold- Leasehold agreement is same as deeded agreement as it provides same basic ownership rights, protection and interest, but the only difference is that the owner does not receive a title in perpetuity. Leasehold timeshare has a specific expiration date. This type of ownership is common in many parts of the world like Hawaii, where owner has the right on particular property for many years. Though this kind of ownerships are becoming less common as resort companies purchase full ownership rights.

3) Right to use- In right to use system you do not own any ownership interest, rather you purchase the right to use a specific unit or unit size each year. This means that right to use the property will expire after a stated number of years and the property will revert to the actual owner of the property. In some places, selling a property as deeded entity is illegal, so, in those areas, right to use is among the topmost timeshare system.  This is the prevailing type of timeshare ownership in UK and Mexico.