Timeshare Tools
The Language of Timeshares
Need a quick refresher in Timeshare terms? It's often difficult to navigate through the timeshare industry's vocabulary! So here's a helpful guide that you can use to understand some of the more frequently used terms in the business of timeshares. For your convenience these terms are listed alphabetically below.
Deeded Property:
A deeded property is one in which the property title does not expire. Once you own the timeshare, it's yours until you decide to sell it, much like home ownership. Deeded timeshares may also be passed on to your heirs.
Deposit Window:
The 24 month time frame within which timeshare owners are eligible to deposit their vacation week in the exchange pool.
Exchange Confirmation:
Notification that owners of timeshares and the host resorts receive regarding the unit they receive in exchange and the dates of occupancy.
Floating Week:
A floating week is one where you contact the resort to book a reservation within the time frame of the season you own. This timeshare booking is done on the basis of availability so, to ensure the best possible choices, it is a good idea to reserve your time as far in advance as possible. A High Season Week is designated by the resort as the time that they have the greatest demand for use of their timeshares.
Instant Exchange:
A vacation exchange conveniently made by telephone for travel dates within the next 2 to 45 days.
Leased or Certificate Property:
The right to use your timeshare for a specified number of years. Certain resorts may allow for accelerated usage, which means that you'll have a specified number of weeks that you may use, but you may use more than one week per year. Most timeshares in Mexico are of this type, since the Mexican government tries to prevent long-term foreign ownership in their vacation cities.
Life Property:
A membership that allows usage each year for the owner's lifetime.
Maximum Occupancy:
The Maximum number of guests that a timeshare unit will accommodate.
Private Occupancy:
The number of guests that a resort unit will accommodate, based on two adults per separate sleeping area, with private access to a bathroom.
Request Window:
The 24 month time frame within which owners of timeshares may submit their vacation exchange requests.
Standard Exchange:
A vacation exchange request made by telephone or mail for travel dates between 24 months and 45 days prior to the week of travel.
Stock Company:
Resorts issue shares of ownership in the property or properties they sell. Instead of owning a deed to a property, you own shares in the company, which entitles you to vacation time each year.
Trading Power:
The value assigned to a member's deposited vacation time. Trading power is the basis upon which the system searches for available space in the exchange company.
