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Re: Selling a Timeshare (by Lance C.):

jayned28 wrote:

What is the difference between RTU and deeded unit?

Right-to-use (RTU) means that you do not actually own the property or deed like you own your house or condo. It just gives you the right to use it (and more importantly, "right" to pay maintenance fees) for a specified length of time. It can range from about 10 years to as many as 99 years. These are very common in Mexico and the Caribbean. For Mexico, the main reason is that there is a law restricting what deeded foreigners can own so they circumvent that by calling it RTU.

Deeded property is just like your house or condo except it's generally for a fraction of the year such as one week. You legally own the property. There is no expiry date like an RTU. That also means that, after you die, your estate will have it and whoever is handling your estate will be responsible for what to do with it.

Something else that was introduced recently in Florida was a sunset clause which affects deeded property there.