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Timeshare Resales and RentalsIt is important to know what to look for when choosing a timeshare rental. Here are some important terms to remember:Time Division: When searching for a timeshare rental, the description may refer to high - meaning best time, medium - describing medium desirability, and low - meaning least wanted time. Time division refers to the desirability of an interval week depending upon season of the year. For example, the middle of August may not be the most desirable time to visit Florida, just as January may not be a prime time to visit the New Jersey shore. Other states or countries may consider all year too be a "high" time due to pleasurable conditions year-round. Holiday and special events may also make a particular timeshare more valuable at certain times. So as a timeshare renter, expect to pay more or less for a timeshare rental depending on time division. Fixed Unit Vs. Floating Unit: A fixed unit means that you will know what unit you are renting from the owner. A floating unit does not guarantee a particular unit. It is most likely selected once you have decided to rent and is based upon availability. Fixed Week Vs. Floating Week A fixed week means that an owner knows which week he/she is renting to you in advance. The weeks are broken up according to the interval calendar. For example, if you purchase week number 26, you will have week number 26 each year when you rent a fixed week timeshare. A floating week allows a timeshare owner to select their vacation week from varying weeks each year. The owner may select weeks, usually after maintenance fees are paid. Each resort location may have different guidelines so it is best to ask in advance regarding resort or management company rules regarding floating weeks. For timeshare rentals, if you need a particular week only, shop for fixed weeks. If you have flexibility with your timeshare rental, then opt for a floating week for it may be less expensive. |
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