Timeshare FAQ
Types of timeshare ownership
1. What is the difference between a timeshare interest, fractional ownership, and UDI ownership?
2. What is a fixed week?
3. What is a flex week?
4. What does use 1-8, 9-52, etc. mean as noted in the inventory table?
5. What are points and how do they work?
6. Why do points listings show specific resorts?
1. What is the difference between a timeshare interest, fractional ownership, and UDI ownership?
A timeshare interest is a one-week (seven-day) annual vacation ownership. Timeshare weeks can be fixed or flex (floating). Timeshare interests can also be points-based. Points allow maximum flexibility in vacation planning, generally enabling the owner to reserve accommodations in a number of ways: varying lengths of stays, different size units, different week numbers or seasons and a multitude of resort choices.
A fractional ownership plan is generally for 5 to 13 weeks of ownership per year.
A UDI plan is a 1/17th interest that allows the owner unlimited use privileges on a conditional reservation plan. Three reservations can be outstanding at any one time with only one reservation being peak (red) season. Once a reservation is used, another can replace it.
2. What is a fixed week?
With a fixed or "guaranteed" week, you own a specific week of usage at a specific resort each year, and usually for the same unit at that resort. The first week of the year is week #1, while the last week of the year is week #52 or 53.
3. What is a flex week?
A flex week is commonly known as floating time. With flex weeks, you can choose from a range of weeks (16-30, 44-52, etc.) within a designated pool of flex inventory, usually one year or less in advance. Flex weeks differ from fixed weeks in that the owner can use any similar-sized unit for any available week in the flex pool and is not required to use the same week or unit each year.
4. What does use 1-8, 9-52, etc. mean as noted in the inventory table?
These are the week numbers available to choose from in the flex pool. In many instances the pool may be the whole year, and the designation would then read "All" or "1-52".
5. What are points and how do they work?
Vacation points are the latest variation in timeshare ownership. Points allow maximum flexibility in vacation planning, generally enabling the owner to reserve accommodations in a variety of ways, possibly including longer or shorter stays, different size units or seasons and over a multitude of resort choices. All Clubs are not the same. They work on different point valuations and usage guidelines, so be sure to compare apples to apples.
6. Why do points listings show specific resorts?
Each resort in a vacation club has inventory pledged for use. Some owners have a preference to own at a specific resort. We list all information to ensure each listing is as attractive as possible to potential buyers.
