A hybrid form of
ownership. A time share is the right to occupy a unit of real estate property,
like a condominium or / vacation home, during a specified number of separate
time periods.
Each time period is
for a certain duration, like one or /
two weeks. Time-sharing allows multiple purchasers to buy interests in the same
real estate.
Investopedia explains - Time Sharing..
Time-sharing is a
popular form of real estate ownership where a single property is jointly owned
by individuals who agree to use the property at different times.
Frequently,
time-sharing occurs at resorts or / in popular vacation destinations, like
ocean-front properties, where the outright cost of ownership would be
cost-prohibitive
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