What is a timeshare, and what types it is
The term “timeshare” (literally “time sharing”) is most often used in the tourism business. And here it means co-ownership of real estate in resort places. These can be rooms in hotels, boarding houses, holiday homes, etc.
What is a timeshare, and what types it is
The idea of a timeshare is. You can not afford to buy real estate in an expensive foreign resort: expensive, and taxes have to pay a lot. But you can buy ownership for a period from one week to 51st a year.
The timeshare is distinguished by seasonality and quality of service.
Seasonality timeshare has its color:
• red – the best season for rest;
• white – off season;
• blue is the season with the lowest demand.
By the quality of service, timeshares are distributed similarly to the category of “star” hotels.
Resorts are divided into the following categories:
• international category;
• golden crown.
Timeshare as a club holiday
Club rest assumes an opportunity to use comfortable conditions of residing in hotels of club type. Members of the club, buying a timeshare in such a club hotel (one or several weeks), receive the right to exchange their time and place of rest for another in accordance with the existing price list of resorts of various categories. For example, more than three thousand resorts worldwide are connected to the RCI international club rest system.
The cost of personal membership in clubs varies depending on the number of years for which the fee is paid: the more years you pay, the less the cost of membership in the club in terms of one year.
Advantages of timeshare
For countries where the law regulates the timeshare, it gives a number of significant benefits to the participants of the system:
1. The acquisition of property rights to real estate in prestigious resorts;
2. The ability to exchange a vacation spot, save up the duration of the vacation, giving up their weeks in one year or sell their weeks, if in a year it is not possible to find time to relax in the resort;
3. Pass the acquired timeshare inherited or sell;
4. Solve the problem of corporate leisure for company employees.
Club rest, in addition to these advantages, has the following advantages:
1. Rest in apartments in which there are all conditions for living, as in your own apartment or house, including the opportunity to invite friends;
2. One-time investment in the purchase of a timeshare and payment of membership in the club allows each year to choose a new place to stay;
3. Systems of discounts on air travel.
“Russian timeshare” as a way to withdraw money from the public
In Russia, timeshare often try to sell, using aggressive methods of influence on a potential buyer (vymanivanie money). Through various tricks in the form of sociological polls or reports that you have become the winner of some kind of action, you are lured to a presentation or an event to award the allegedly won prizes. You are urged to turn off your mobile phone and be with the second half.
It turns out that you won a week off. You can choose the resort yourself, but they will convince you to choose the one that is needed by the owners of the timeshare. You pay quite a bit, but then it turns out that the way back and forth is paid out of your pocket, food is also at your expense, and on the spot it turns out that you still need to pay insurance, an extra week or some other costs to incur which are refundable. This is all allegedly stipulated in the contract. You pay for everything, but you will not see more of your money, because you will not find a company representative on the day of departure.
Currently in the courts of our country are hundreds of civil cases for claims deceived people affected by the actions of unscrupulous companies engaged in timeshare.
If you still decide to try, then buying a timeshare, beware of situations where you prove that now you need to make a deal, otherwise tomorrow the lot will be twice or three times more expensive.
With the intention to purchase a timeshare, carefully study the contract, which must be drawn up, at least in two languages, Russian and English.
Do not trust those who do not provide you with a contract for familiarization in a quiet home environment.
Find out information about the structure of the club, additional cash payments, as well as responsibility for non-payment of membership in the club.
When reselling certificates, beware of unscrupulous intermediaries, carefully study the contract and do not pay in advance for processing transactions or conducting marketing research.
And it is also important to mention that Timeshare is difficult to use as an investment, since in reality there is almost no market for its resale, moreover, providers of this service often do not make entries about the acquisition of this property in the property register or land registry. As a result, in case of the bankruptcy of this company, the buyer will not have any rights.