Oh yes! The vacation rental is a furnished single-family home (villa), apartment, condominium, cottage, beach-house or cabin that is owned by a third party. A time-share is a real estate that is owned by multiple owners, and each has all the responsibilities of property owners (property taxes, insurance, maintenance, etc.) The rights list is shorter. Owners have the right to live in the property a contractually agreed upon the number of weeks each year. Theoretically, a feature could have 52 owners, each entitled to one week’s residence per year, but only at the time stipulated in the contractual agreement reached at the time of sale.
All right, we should think about this a minute. Why would I want the responsibilities of ownership encroaching my vacation? A vacation is supposed to be relaxing. Why would I want to purchase a vacation home that I can only use at a specific time … Read More