Right To Use: An alternative to a deeded timeshare, a right-to-use product is made by an owner agreement granting the owner access to the resort(s). The agreement could be perpetual or for a finite number of years. Instead of individual deeds held by owners, the legal title to the resort property may be held by the owners collectively.

 

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Right To Use: An alternative to a deeded timeshare, a right-to-use product is made by an owner agreement granting the owner access to the resort(s). The agreement could be perpetual or for a finite number . . . View Full Definition

Right To Use (Rtu): A lease agreement granting use of a timeshare property for a specific time period. The management company or the resort developer retains ownership of the actual physical property itself, th . . . View Full Definition

Air Rights: Rights to the use of the open space or vertical plane above a property. Ownership of land includes the right to all air above the property. Until the advent of the airplane, this right was u . . . View Full Definition

Accelerated Use: Accelerated use refers to a program that permits someone to use their purchased time in increasingly larger increments. For example, you have one week or year at a timeshare property with a . . . View Full Definition