Currently, there are several types of Timeshare programs that allow clients to choose the type of vacation ownership that best suits them or meets their needs.
Timeshare is a term that describes the exclusive use of hosting for a particular number of days each year. Generally, it is sold by the week, also known as Interval or Vacation Property.
Remember that Timeshares consist of developments, where a specific property is shared by separate owners, during assigned vacation periods, with competitive rates.
Buying a Timeshare Interval has several legal forms:
One of the advantages that this service has is that there are more than one modality, and you can choose according your necessities.
- Fixed unit and week: You receive a deed that allows you to use a specific condominium in a fixed week each year forever; just like buying a house. You can rent, sell, resell and exchange the time own.
- Right to use: The property of the developer is maintained by the developer. You obtain the right to use the condominium in one or more developments during a specific time. When the time finishes, the rights go back to the developer. This plan works as a club membership.
- Vacation clubs or points program: They offer a higher flexibility of usage in different dates. As a member, you buy a package of points to use them as a “coin” and access to different types of suites, seasons, or number of days. The quantity of points required varies depending the demand, type of unit, season, location and amenities. A Vacation Club can offer contracts of rights of usage for perpetuity.
- Fractional property: It allows you to buy a higher quantity of weeks for a lower cost.
- Unities with lock-off or lock-out: They offer the option of only using a portion of the unity on one date and the rest in another.
The intervals of vacation periods of this service are sold as a fixed time or as floating time:
- Fixed time: The unit is used during a specific week for each one of the owners.
- Floating time: The usage is done in the week you choose without being forced to do it in a specific week. You have to reserve with anticipation since there could be no availability.
- Divided week: It allows dividing the interval in two or three separated visits in two different times in the year. In this option it's also needed to make a reservation to guarantee availability. They are very useful for weekend getaways or short vacations.
- Biannual property: You can use this property one time every two years.
On your next visit to your timeshare, don’t miss visiting these beaches in Puerto Vallarta and the Riviera Nayarit. Plus, complement your experience with an unparalleled offer of gastronomy, adventure, family and couple experiences that will make for vacations of a lifetime each and every time you return.
Learn more about the timeshare industry in Mexico with Adeprotur, the association that cultivates first quality service among the collaborators of our member developments.