Lifestyle / Time Shares / Timeshare: The concept of purchasing an increment of time at a resort, condominium, apartment, or other facility, often with the option to exchange this time for time at a different location. What makes timeshare such a desirable alternative to traditional lodging is the value. Because the cost of a unit at a timeshare resort is split between many owners, it is possible to vacation at an elegant resort for far less money than it would take to purchase a unit outright, lease a property, or rent a hotel room for an extended period of time. Timeshare exchange programs afford the owner the opportunity to vacation all over the world and enjoy luxury amenities with no wasted expense.
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Lifestyle / Time Shares / Timeshare Developers: Companies that develop or acquire resort properties, and usually market and sell the timeshare inventory in those resorts to consumers. The developer entity may also act as the property manager during MORE
Lifestyle / Time Shares / Ote (Organisation For Timeshare In Europe): A trade association in Europe composed of resort owners and developers. The OTE is similar to ARDA, but with more of an emphasis on consumer affairs. MORE
Business / Real Estate / Fee Simple: The maximum possible estate one can possess in real property. A fee simple estate is the least limited interest and the most complete and absolute ownership in land, it is of indefinite duration, free MORE