Weeks “banked” from the prior year, which are
available for use in the current calendar year.
Features adding to the value of the property such as swimming
pools, tennis courts, golf courses, spas, boating, fitness
centers and laundry facilities.
Use of a vacation week, fixed or floating, every year.
ARDA (The American Resort
Main timeshare industry trade association in the United States
– provides advocacy, public relations and education
services in support of the industry.
Placement of a timeshare week into an exchange deposit.
Use of a week every other year. Owners are often referred
to as either “odd” or “even” year
Owners have 48 hours from their scheduled check-in day to
either check in or notify the resort that they are arriving
late. Should the owner not notify the resort and not check
in by the end of that 48 hours, the resort has the right to
release the balance of the owner’s week. This revenue
goes to the HOA, which helps offset costs and make full use
of available space. The owner does not receive any compensation
for this week.
Use of the resort in addition to the regular allocated time
on a space space-available basis. This program allows owners
to RENT nights at their HOME resort for a reduced rental rate
on a space-available basis. These additional rental nights
can be requested no more than an average of 21 days in advance.
This portion of the maintenance fee is placed in a separate
account to cover major expenses which are not part of the
day-to-day expenses. Board approval is required for all capital
reserve expenses (for example, new carpet, furnishings, etc.)
Association of Resort Exchangers)
A trade association established in 1985 comprised of resort
developers, independent exchange companies, management companies,
travel clubs and resort service companies.
The assigned date and day of week the interval week begins.
The assigned hour an interval week begins.
Use of the home resort's facilities on a daily basis
without staying overnight.
Company that owns the resort, which constructs the accommodations
and amenities on-site.
Developer Bonus Week
A Developer Bonus Week (DBW) is available to members who own
at participating resort. These bonus weeks are issued directly
from the resort, often issued as a signing bonus upon the
purchase of a timeshare interval.
The system that allows timeshare owners to trade the accommodations
they own for comparable accommodations or travel-related services.
A company or organization that accepts timeshare weeks on
deposit from its interval owners/members to establish a pool
of weeks from which other members may select the resort and
vacation times of their choice.
Preferred type of real estate ownership. This type
of interval ownership is the opposite of Right-to-Use or lease
ownership and continues forever. The owner holds a deed in
his/her name, and the ownership of the property can be bequeathed
A specific unit number, as listed on a grant deed. This is
the specific unit owners will occupy during their use week.
A type of timeshare ownership in which usage rights attach
to a specific week of the year each year in perpetuity.
Time period is defined by a season, and the week period is
not fixed. The time period is reserved within the appropriate
season annually or biennially.
Owners of a floating unit at a resort may not vacation in
the same physical unit each year, but it can be requested.
The owner will however, vacation in the same unit type (i.e.
studio, one bedroom, two bedroom)
The selling of resort real estate in intervals of more than
one week and less than whole ownership.
(Home Owners Association)
The group of owners that administer the rules and regulations
at a resort.
The resort where a new owner has purchased his or her week,
or joined a club or point-based program.
The second largest exchange company in the world, owned by
Period of use, typically one week.
A resort unit that can be split into two separate units or
combined to form one large unit.
A fee, usually paid annually, that timeshare owners pay to
cover the costs of running the resort on a day-to-day basis
(upkeep and improvements).
A service period in which one week per year is reserved by
the HOA in order to complete any necessary repairs and maintenance.
The company contracted, usually by the Owners Club/HOA, to
carry out all the day-to-day management of the resort. Very
often owned or controlled by the developer.
The maximum number of persons an interval unit will accommodate.
or Even Year Usage
Timeshare ownership usage every other year – some odd,
some even. Same as biennial usage.
Resorts that are in active sales often have special vacation
promos offered through their current owners. The owners are
encouraged to submit referrals and will receive various incentives
from the resort for leads.
A symbolic measurement related to timeshare ownership that
is used to establish value for seasons, unit sizes, and resort
locations. Points are used by some developers for both internal
and external exchange.
A percentage of the property purchase price, billed differently
at each resort. Property taxes may be included in a yearly
maintenance fee bill, or may be billed separately by the county
of your home resort.
(Resort Condominiums International)
The largest exchange organization in the world, owned by Cendant
ResorTime.com is a leader in timeshare resort rental reservations.
ResorTime.com lets consumers worldwide book affordable, luxury
resort condos at hundreds of popular locations throughout
North America in just three clicks. Reservations are made
through a dynamic, interactive travel site, or through a Resort
Reservations call center. No timeshare tours are required.
ResorTime.com is located at 5900 Pasteur Court, Carlsbad,
California 92008, (877) 477- 7368.
A system of comparison of resort quality, amenities, and location.
Right to Use
A timeshare owner’s right to occupy a unit at a resort
for a specified number of years; lease ownership.
Time distinctions into which deposited vacation time is divided
based on demand. A key component of trading power, as each
resort may have different seasons depending on geographic
Depositing a week of owned timeshare with an exchange company.
Some exchanges and home resorts allow owners to split an interval
week into three- and four-day visits for an additional fee.
A term used to describe the right and joint ownership of a
resort property (e.g. a condominium) shared with owners. Each
“owner” owns a certain period of time and occupies
a unit of accommodation on a regular basis for a number of
years. Timeshare is sometimes referred to as “Vacation
Exchange,” “Holiday Ownership,” “Multi
Ownership” or “Group Ownership.”
A term used for the value assigned to a member’s deposited
vacation time and to the related exchange request, determined
by the exchange companies.
Normally expressed as hotel unit, studio unit, and efficiency
unit, or by number of bedrooms. Hotel units, studio units
and efficiency units typically are a single room with sleeping
accommodations and perhaps a small built-in kitchen and sleep
from two to four persons. One, two and three-or-more bedroom
units are usually condominium-style accommodations and feature
a partial or full kitchen and other living areas.
Use Week Calendar
A yearly calendar that shows the exact dates that correspond
to your interval week number.
A term often used to describe resort timesharing.
Timeshare terms courtesy of the American Resort Development
Association and The Timeshare Beat. For more
information on the American Resort Development Association,
For more information on The Timeshare
Beat, visit www.timesharebeat.com.