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What is a timeshare, and what types does it happen

The term “timeshare” (literally “time sharing”) is most often used in the tourism business. And here it means joint ownership of real estate in resort areas. These can be rooms in hotels, pensions, rest houses, etc.

What is a timeshare, and what types does it happen

The idea of ​​a timeshare is this. You cannot afford to buy property in an expensive foreign resort: expensive, and you will have to pay considerable taxes. But you can buy ownership for a period from one to the 51st week of the year.

Timeshare is distinguished by seasonality and quality of service.

By seasonality, the timeshare has its own color:

• red – the best season to relax;

• white – off-season;

• blue – the season in the lowest demand.

According to the quality of service, timeshares are distributed similarly to the category of “stars” in hotels.

Resorts are divided into the following categories:

• standard;

• international category;

• golden crown.

Timeshare as a club vacation

Club rest implies the opportunity to take advantage of comfortable living conditions in club-type hotels. Club members, purchasing a timeshare in such a club hotel (one or several weeks), receive the right to exchange their time and place of rest for another in accordance with the existing price list of resorts of various categories. For example, more than three thousand resorts around the world are connected to the RCI international club leisure system.

The cost of personal membership in clubs varies depending on the number of years for which the fee is paid: the more years you pay, the lower the cost of membership in the club in terms of one year.

Timeshare Benefits

For countries where the law regulates the timeshare, it provides a number of significant advantages for participants in the system:

1. The acquisition of ownership of real estate in prestigious resorts;

2. The ability to exchange a place of rest, to accumulate the duration of rest, yielding your weeks to one year or to sell your weeks, if in some year you can not find time to relax in the resort;

3. Transfer the acquired timeshare by inheritance or sell;

4. Solve the problem of corporate leisure for company employees.

Club rest, in addition to the above advantages, has the following advantages:

1. Rest in apartments in which there are all conditions for living, like in your own apartment or house, including the opportunity to invite friends;

2. A one-time investment in the purchase of a timeshare and payment for membership in the club allows each year to choose a new place to relax;

3. The system of discounts on air travel.

“Russian timeshare” as a way to withdraw money from the population

In Russia, the timeshare is often tried to sell using aggressive methods of influencing a potential buyer (luring money). Through various tricks in the form of sociological surveys or reports that you became the winner of a campaign, you are lured to presentations or to events for awarding allegedly won prizes. You are urged to turn off your mobile phone and be with the other half.

It turns out that you won a week of rest. You can choose the resort yourself, but they will convince you to choose the one that the owners of the timeshare need. You will pay quite a bit, but then it turns out that the return trip is paid from your pocket, the food is also at your expense, and on the spot it turns out that you still need to pay for insurance, an extra week or some other costs that are repayable. All this was allegedly stipulated in the contract. You pay everything, but the more you will not see your money, because on the day of departure you will not find a representative of the company.

Currently, the courts of our country are considering hundreds of civil cases in claims of deceived people who suffered potential buyer of unscrupulous timeshare companies.

If you still decide to try, then buying a timeshare, beware of situations where they prove to you that right now you need to make a deal, otherwise tomorrow the lot will be twice or three times more expensive.

If you intend to purchase a timeshare, carefully study the contract, which must be drawn up in at least two languages, Russian and English.

Do not trust those who do not provide you with a contract for familiarization in a relaxed home environment.

Find out information about the structure of the club, additional cash payments, as well as liability for non-payment of membership in the club.

When reselling certificates, beware of unscrupulous intermediaries, carefully study the contracts and do not pay in advance for processing transactions or conducting market research.

And it is also important to mention that the timeshare is difficult to use as an investment, since in reality there is almost no market for its resale, moreover, the providers of this service often do not make entries about the acquisition of this property in the property register or land registry. As a result, in case of bankruptcy of this company, the buyer will not have any rights.

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