What do Timeshare Companies do?

Nicole Madison
Nicole Madison
A condominium building's timeshare units may be managed off-site.
A condominium building's timeshare units may be managed off-site.

Timeshare companies sell consumers shared ownership in vacation properties. Consumers who purchase these offerings gain the right to use their share of a property at a specific time. For example, a timeshare company may sell a consumer a share in a popular island resort. That consumer would then be able to visit the resort and stay in a specificunit during a particular week every year. If he wanted to stay at that same resort at a different time, he would probably have to ask another timeshare owner to either trade weeks with him or sell an alternate week to him.

People might buy a timeshare condo at a ski resort.
People might buy a timeshare condo at a ski resort.

When many people think of timeshare companies, they think of shares in resorts or condominium vacation property. However, timeshare companies also offer interest in other types of property. For example, some timeshare companies sell timeshares of recreational vehicles and campgrounds. Some sell them for cruises too. Additionally, other companies offer options that allow consumers to travel to a vacation spot many different times of the year.

Timeshares may include beachfront property.
Timeshares may include beachfront property.

Often, timeshare companies have each timeshare owner pay for his unit. Owners are usually responsible for a share of the property’s maintenance and management fees as well. Besides allowing them the use of a particular unit, the timeshare fees often include access to common areas, such as swimming pools, Jacuzzis, basketball and tennis courts, and recreation rooms. Each timeshare property may have different amenities.

Some beach timeshare properties are high end and offer a bevy of amenities.
Some beach timeshare properties are high end and offer a bevy of amenities.

Some timeshare companies offer only fixed timeshares. This means the purchaser would own a share in a specific property or unit, with rights to stay in the unit for a specific period each year. Other companies offer owners floating time agreements, providing flexible dates for owners to stay in their units. Typically, however, the units are available on a first-come reservations basis.

Some companies offer owners floating time agreements, providing flexible dates for owners to stay in their units.
Some companies offer owners floating time agreements, providing flexible dates for owners to stay in their units.

There are some companies that operate similarly to timeshare companies but allow consumers to buy into vacation programs and receive a certain amount of vacation weeks each year. These weeks can be used to travel to many different resorts that are part of the vacation program. Often, travel options span an entire country, and some offer international accommodations.

Timeshare companies often have each timeshare owner pay for his unit.
Timeshare companies often have each timeshare owner pay for his unit.

Timeshare companies may have gotten their start in the 1960s. Around this time, many Europeans desired vacation property but couldn’t afford the cost of a full vacation home. Eventually, companies came up with the idea of shared ownership, allowing many different people to buy shares in a property and keep costs low for each buyer.

Nicole Madison
Nicole Madison

Nicole’s thirst for knowledge inspired her to become a writer, and she focuses primarily on topics such as homeschooling, parenting, health, science, and business. When not writing or spending time with her four children, Nicole enjoys reading, camping, and going to the beach.

Nicole Madison
Nicole Madison

Nicole’s thirst for knowledge inspired her to become a writer, and she focuses primarily on topics such as homeschooling, parenting, health, science, and business. When not writing or spending time with her four children, Nicole enjoys reading, camping, and going to the beach.

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    • A condominium building's timeshare units may be managed off-site.
      By: seen
      A condominium building's timeshare units may be managed off-site.
    • People might buy a timeshare condo at a ski resort.
      By: The Photos
      People might buy a timeshare condo at a ski resort.
    • Timeshares may include beachfront property.
      By: spvvk
      Timeshares may include beachfront property.
    • Some beach timeshare properties are high end and offer a bevy of amenities.
      By: Harry HU
      Some beach timeshare properties are high end and offer a bevy of amenities.
    • Some companies offer owners floating time agreements, providing flexible dates for owners to stay in their units.
      By: andiafaith
      Some companies offer owners floating time agreements, providing flexible dates for owners to stay in their units.
    • Timeshare companies often have each timeshare owner pay for his unit.
      By: goran&asa
      Timeshare companies often have each timeshare owner pay for his unit.