Interval ownership

Interval ownership, commonly known as timeshare, is a type of property ownership where multiple people jointly own a vacation property or resort, typically in weekly increments. Each owner purchases the right to use the property for a specified period each year. This arrangement allows individuals to enjoy the benefits of a vacation home without the full costs of ownership, maintenance, or year-round availability. Interval ownership can be a cost-effective way to secure vacation time at desirable locations but requires careful consideration of fees, rules, and potential resale values before committing.