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William R.
In looking over the Timeshare Resales I don't know what "RTU" means as shown under Type. We are preparing to offer for sale our timeshare at the Mayan Palace and I would like to know what the RTU means, if someone can advise, please. Bill
Marty F
williamr148 wrote:In looking over the Timeshare Resales I don't know what "RTU" means as shown under Type. We are preparing to offer for sale our timeshare at the Mayan Palace and I would like to know what the RTU means, if someone can advise, please. Bill
Hi Bill,
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.
More timeshare terms can be found at http://www.redweek.com/resources/glossary
Thanks, Marty
