Fixed week of timeshare is a specific week in a specific property. Floating timeshare is a specific sized unit allocated to a requested week but usually not a specific property.

Red, White and Blue relate to the levels of demand of time, Red being the highest, White is medium demand, Blue is the lowest demand of time.

Each type of timeshare has a running cost which is normally paid annually. These cover the running of the resort (pool, play area etc) and the Timeshare unit. Also refurbs of any part of the resort are paid by this maintenance fee.

In simple terms, resale weeks tend to be cheaper than New weeks. New weeks from the developer usually give more choice – ie Resort, Week Number & Unit Location.

An Exchange company provides to Timeshare owners the opportunity to swap (exchange), their timeshare to different resorts, locations and time of year for an annual fee and administration cost (exchange fee).

Family may use the ownership if they wish. Dependent on the country/resort one member must be over 18/21. Some resorts & Exchange companies will charge a ‘guest fee’ if none of the named owners are not attending.

Ownership length will vary from Resort to Resort but many are in perpetuity and beyond the owners lifetime.

Some resorts will rent your resort for you at a cost. You may rent the unit yourself but most resorts will require you to pay for a guest certificate.