right to use

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Original Message:

Re: right to use (by Marty F):

christac6 wrote:
can someone tell me what the "right to use" means as I noticed it several times on unit resales. thank you

Right to Use (RTU): A lease, or right to use ownership grants the lessor the right to use the property for a specified period of time; usually from 20 to 99 years. The resort developer or Management Company holds ownership of the physical property. However, during the right-to-use period, the owner may rent, transfer, or bequeath the remaining years of their right to use property.

There is a timeshare glossary in our Help section at this link http://www.redweek.com/help/glossary

Thanks, Marty