A set time that can be used annually. This allows you to use the Vacation Ownership for that specific week for as long as you own.
Vacation week that may be used anytime during the year based upon resort availability.
Bi-annual ownership allows the owner use of the resort every other year.
You are only allowed to use the Vacation Ownership during specific designated times of the year. This is usually categorized by a color such as yellow, green, red, blue or white. High and low seasons vary from resort to resort.
Annual ownership allows the owner the use of the resort every year.
Annual or bi-annual fees paid to the resort to maintain and improve the resort. Owner fees are pooled together to pay for capital improvements, property maintenance, beautification, hospitality staff, and general upkeep of the resort.
The points system is a form of ownership. This system allows the owner to purchase points to be used for travel during specific seasons of the year. Points can be used as currently for resort stays. The more points you have available, the more desirable the resort you can stay at or you may be able to upgrade to a larger unit. The number of points it takes to stay at a resort depends on the resort location and time of year you will be staying. Different resorts have different ratings for high and low season.
A week deposited in one of the many exchange companies to be used at a later time.
A vacation ownership that is divided into two separate living spaces with two separate entrances. A lockout can be exchanged for two weeks in a smaller unit.
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