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Which of the following statements about timeshares and fractionals are not true? Developers of timeshares sell each hotel room a right of use to the
Which of the following statements about timeshares and fractionals are not true?
Developers of timeshares sell each hotel room a right of use to the owner on a per week basis for the life of the property or a number of stated years at a price.
The length of time for fractionals is normally shorter than one week, and some may be only a couple of days.
Generally, fractional owners buy a fractional ownership of the property and not just the right to use
Some timeshares may have a deeded interest, but most do not
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