A timeshare is a contractual right to use a holiday property for a defined period each year.
A timeshare is a contractual right to use a holiday property for a defined period each year.
Also called: Vacation ownership.
How it works#
The purchase price is only part of the cost: annual management and maintenance fees continue regardless of use and tend to rise. Resale rarely recovers the original price. EU rules give buyers a withdrawal period and ban deposits during it, which is precisely why on-site sales presentations are built around signing immediately.
Not to be confused with#
A timeshare is not the same as owning a holiday home: what is bought is a time-limited right of use, not real property.
In German#
The German term is Teilzeitwohnrecht. German version of this term
Related terms#
- Vacation rental: A vacation rental is an apartment or house let out short-term by a private or commercial host and booked through a platform rather than a hotel desk.
- Hotel star rating: A hotel star rating is the classification of a property in stars, describing facilities and service by the criteria of the country concerned.
- Refund: A refund is the repayment of the fare when a flight is cancelled or the passenger no longer wants to travel after a disruption.
Articles that use this term#
TopicEvery article and term onStatus and lounges.