DEFINITION of ‘Timeshare’
An ownership model whereby many customers own allotments of usage in the same property. The timeshare model can be applied to many different types of properties such as condominiums, homes, campgrounds, recreational vehicles and private jets.
BREAKING DOWN ‘Timeshare’
With opportunities to rent out your allotted time each year, and eventually sell your timeshare in the future, many investors look at purchasing their timeshare as an investment, rather than just a holiday property.