While deeded timeshare may not be as prevalent as it once was, there are still many timeshare owners who own their timeshare by deed in contrast to vacation club membership or Right To Use timeshare ownership. With deeded timeshare ownership, timeshare owners actually own a percentage of their timeshare unit and also may have shared ownership of the timeshare resortís commons areas. In contrast, Right to Use ownership is much more like a lease agreement, granting the timeshare owner the right to use the property at a certain time, and typically for a predetermined number of years.
Deeded timeshare gives the timeshare owner many rights, but along with those rights may come certain responsibilities. In the US, deeded timeshare is typically owned in perpetuity. A Deeded timeshare is also transferable, meaning that the timeshare owner has the right to give the timeshare away (if it is fully paid for or the recipient takes over payments), to sell the timeshare, or to leave it to his or her heirs in a legal will.
But timeshare owners who have deeded fee interest ownership in a timeshare may also be responsible for any liabilities that arise in conjunction with the timeshare resort. For example, if someone is injured at the timeshare property and files a lawsuit naming the resort, the responsibilities can extend to the deeded owners.
You have an Absolute Right to sell or gift your Deeded Timeshare to our corporate entity. Our corporation is acting in the capacity of a Principal and not a Timeshare Transfer Company. As a Principal, we are in full compliance with HB 7025 for Timeshares located in the State of Florida. Your Deeded timeshare is owned by you in "Fee Simple Absolute" or shortened to Fee.