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Deeded Timeshare vs. Right To Use: Who Wins?

Deeded timeshare vs right to use

December 5, 2018 – by Primo Management Group

Deeded timeshare vs right to use

Considering a deeded timeshare but confused about what that means? We’ll break it down for you here.

The timeshare marketplace can be confusing. There are many types of timeshares, and the contract terms and conditions vary so much from resort to resort. You can be certain of maintenance fees but not much else. In this post, we’ll look at the deeded timeshare, what it is, and how it’s different from a Right to Use timeshare.

What’s A Deeded Timeshare?

A deeded timeshare is a form of timeshare ownership wherein the owner purchases a specific unit for a specific week. The owner receives the deed to that unit for that week and therefore owns the timeshare. Each unit will have 52 deeds and those deeds apply to a fixed week. Deeded timeshare contracts are usually contracts in perpetuity. That means the contract lasts forever and the deed can be passed down to heirs. Most timeshares in the United States are deeded timeshares. Usually (but not always), owners of deeded timeshares can rent their unused weeks to recoup their maintenance fee costs. And usually (but not always), owners can sell their timeshares if they choose. Also, deeded timeshare owners usually have voting rights and therefore have a say in how the resort is run—including setting the maintenance fees.

What’s a Right To Use Timeshare?

But what’s this other kind? A Right to Use (RTO) timeshare is a type of timeshare contract in which the consumer buys the right to use the property each year. However, the actual deed and therefore the ownership stays with the resort. The “owner” doesn’t really own the timeshare. And, although some RTO timeshares are contracts in perpetuity, most have an end date, usually between 20 and 30 years. RTO timeshares are more common outside of the US, especially in places that restrict property ownership by non-citizens. So, at the end of the contract term, your ownership ends. In some cases, you may be able to repurchase or renegotiate.

An RTU timeshare may be fixed week, floating week, or in the form of credits. RTOs may have more flexibility around weeks and units than a deeded timeshare. But they also tend to have more restrictions on rental and sales. And RTO timeshares don’t usually come with any voting rights, so you’re at the mercy of the resort.

Who Wins?

So, who wins in the deeded vs. RTO timeshare? Well, from where we’re sitting, it looks like the resort always wins. There are pros and cons to each for consumers, but the resort is always going to make money. The bottom line is that you should know which type of contract you’re dealing with.

If you are bound by a contract that no longer serves you, consider timeshare cancellation. Contact us for a free consultation by clicking here.

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Your information is 100% secure and encrypted. We will never sell or share your information with anyone.

Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. Let us help you. Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, the resorts are loath to give back the money they’ve already taken for timeshares.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We go above and beyond for our customers by helping to protect you, and have the best success rate in the industry, rated 5-stars by clients. We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client will work with our expert, experienced team whose job is to keep you in the loop throughout the entire cancellation process. We are always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.