Timeshare Asset
type: Class
preferred label: Timeshare
subclass of: R9FMAbfEYARhk9Z0a5Fvij1
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.