The concept of Timeshare as a means of securing years of high quality
holidays was invented in the early 1970s. Since then it has grown to the point where over 350,000 families in the UK and over 4 million worldwide now own Timeshares.
There are various different kinds of Timeshare but the basic principles are simple. Developers build high-quality holiday resorts which are open for the whole year. People then buy a period or periods of time from the developer, either on a leasehold or freehold (in perpetuity) basis.
Once you own your Timeshare then you are free to use it in variety of different ways. Many people buy a particular apartment in a particular resort at a particular time of year and use their own timeshare as a holiday home. Other people take advantage of the almost endless options available for exchanging their Timeshare for other timeshare resorts throughout the world. There are over 4000 Timeshare resorts worldwide, in every continent. The benefit of holidaying by exchanging your Timeshare is that there is an assurance that the accommodation and facilities you will go to will be of a high standard. Alternatively, you can use your Timeshare to give a holiday to friends or family or provide an income through renting it out. In order to maintain your Timeshare to a high standard, all resorts charge an annual fee to look after your property for you. This is variously called a maintenance, management or service charge and the amount varies from resort to resort. It should cover your share of apartment maintenance, grounds upkeep, staffing, insurances and access to leisure facilities amongst other things.
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