Right to Use Versus Deeded

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Original Message:

Right to Use Versus Deeded (by Marty F):

louiss54 wrote:
What is the difference when a timeshare is listed as "right to use" versus a "deeded" unit?

Deeded Property: True property ownership with deed recorded in the county where the property exists. This type of property has the same rights of ownership accorded to it as other deeded real estate. The owner may sell, rent, bequeath, or give away the property.

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.

Thanks, Marty