Timeshare

A timeshare is a property with a particular form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property. Units may be on a partial ownership, lease, or "right to use" basis, in which the sharer holds no claim to ownership of the property.

Read more about Timeshare:  History, Industry, Legislation, Methods of Use, Types and Sizes of Accommodations, Timeshare Industry Sales Practices, Criticism, Cancellations To The Timeshare Contract, Secondary Market