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II
Interval International, a popular timeshare exchange company. From Wikipedia, the free encyclopedia Interval Leisure Group, Inc., or ILG, is a global publicly traded company and former subsidiary of the corporation IAC/InterActiveCorp. ILG is the parent company of Interval International, a leading global provider…
Home Resort
Your home resort is the resort that is listed on your deed. Points-based timeshares may have booking priority for reserving their home resort farther in advance. For example Hilton Grand Vacation Club owners are assigned a home resort based on…
Holiday Club/Vacation Club
A holiday Club is a timeshare club who utilizes points-based reservation systems and generally does not carry a deed. Holiday Clubs are designed to give more freedom to the timeshare owner with the use of points-based reservation systems. When you…
Guest Certificate
A document that permits the use of a timeshare reservation by a guest of the owner, some clubs charge extra for a guest certificate. Not all clubs or resorts allow guests certificates, but if your club does, it can be…
Gold Crown Resort
A rating system devised by RCI, in which Gold Crown is the highest quality of amenities and location. Each resort having a rating is extremely important for trading purposes. Exchange companies have to make sure you can only trade for…
Fractional Ownership
A vacation ownership can be described as a fractional ownership, in which owners are deeded only a fraction of the property’s rights. In the case of timeshares, an owner is deeded a specific amount of time for occupancy. If you’ve…
Floating Week
A floating week timeshare will be assigned a specific season (range of week numbers) that the timeshare can be utilized during. A floating week timeshare allows owns to book at different times of the year. This strives to allow the…
First Right of Refusal
First right of refusal is a developer right that allows give the developer the option to purchase your ownership back from you, preventing a sale to the open market. This right allows the developer to purchase back a timeshare from…
Fixed Week
A fixed week timeshare will be assigned a specific week number that the timeshare can be utilized during. The owner can only use the timeshare on their assigned week each year. This model of securing an owner’s week upfront each year…
Fee Simple
A fee simple ownership is perpetual and can be sold or willed the owner’s children. This type of ownership can be described as the opposite of a right-to-use ownership, due to the fact that a fee simple ownership doesn’t ever…
