Timeshare

A timeshare is a shared ownership model where multiple individuals have the right to use a specific vacation property, such as a resort condo, for a set period each year. Instead of full ownership, you buy a "slice" of the property’s usage rights, often on an annual basis. Timeshares can be bought outright or rented, and owners typically pay annual maintenance fees. They provide a predictable vacation spot but also involve ongoing costs, and transferring ownership or canceling often involves contracts and fees. This arrangement suits those who plan to visit the same location regularly.