Timeshare ownership can be complicated – there are so many conditions and regulations to understand that it is very difficult to be familiar with all of them and to stay up to do with continuously changing laws and regulation. However, when it comes to the duration of the ownership, timeshare properties come in only two types: deeded ownership contracts that usually offer life-long right to use the property during the yearly period specified in the contract and non-deeded ownership, also known as right-to-use, that come with an expiration date. Asking advice from Timeshare Termination Team can eliminate the confusion.
While the situation is fairly simple in the case of deeded property contracts, right-of-use contracts raise several, more complicated issues. The contract between the timeshare company and the buyer stipulates the number of years for which the buyer can use the property. If the buyer decides to sell, bequeath or donate the property during that period, the new owner will be allowed to use the property only until the expiration date of the initial contract. Another issue that needs to be taken into consideration is that right of use contracts do not give the buyer ownership rights over the property, which also means that in case the seller company goes out of business, the contract might be lost.
Originally Posted over here: How Long Do Timeshares Last?
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