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Scott P.
How does RTU work. What if the person who has the dead dies? Then what happens? What if the person who has the RTY Dies what happens. Is RTU a contract with the owner? The resort? I don't understand how it works.
RedWeek Support
RedWeek.com
Scott P: Right to Use (RTU) 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.
