The property right to use a house or apartment, usually for holiday purposes, for specified weeks of a year, either over a fixed term of years or in perpetuity The right can be bought and sold. Timesharers often have to pay an annual maintenance charge...

A timeshare is a form of vacation property ownership. With timeshares, the use and costs of running the resort are shared among the owners. While the majority of timeshares are condominiums or cooperatives at vacation destinations, developers have...