Timeshare

Timeshare Asset - Timeshares are a form of fractional ownership where multiple parties hold rights to use a property, typically a vacation home or resort unit, for a specific period each year. The ownership structure and usage rights can vary, but generally, timeshare owners are obligated to pay an initial purchase price along with recurring maintenance fees, and they may be able to exchange their timeshare for different locations through a network.

Class Information

JSON JSON-LD OWL XML Markdown

Identification

IRI: https://folio.openlegalstandard.org/RDjZR2Ci5EFAMKJbMe4rwje
Label (rdfs): Timeshare Asset
Preferred Label: Timeshare
Alternative Labels: N/A
Identifier: N/A

Definition and Examples

Definition: Timeshares are a form of fractional ownership where multiple parties hold rights to use a property, typically a vacation home or resort unit, for a specific period each year. The ownership structure and usage rights can vary, but generally, timeshare owners are obligated to pay an initial purchase price along with recurring maintenance fees, and they may be able to exchange their timeshare for different locations through a network.
Examples: N/A

Translations

N/A

Class Relationships

Sub Class Of: Fractional Ownership Assets
Parent Class Of: N/A
Is Defined By: N/A
See Also: N/A

Additional Information

Comment: N/A
Description: N/A
Notes: N/A
Deprecated: False

Metadata

History Note: N/A
Editorial Note: N/A
In Scheme: N/A
Source: N/A
Country: N/A

Graph