An Insight into Timeshare Glossary and Timeshare Calendar

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An Insight into Timeshare Glossary and Timeshare Calendar

Posted On : Nov-02-2011 | seen (303) times | Article Word Count : 555 |

Timeshare can be defined as a jointly owned vacation property by a number of persons. This property is usually an apartment/condo unit in a resort area. There is an option to use the property for part of the year but it should be at different times of the year. It is very important for all persons who are entering in timesharing industry to understand the glossary as well as calendar of timeshare.

The timeshare industry is a rapidly growing market in real estate. For all those who want to enjoy quality vacations, timeshare has so much to offer. A timeshare ownership allows to enjoy the vacations with a lot more amenities, space and comfort. There can be no comparison of a timeshare to a hotel. Timeshares always have more square footage and separated bedrooms from the living space. Moreover, timeshare properties offer a lot of extras so as to attract vacationers such as golf courses, spas, multiple pools, discounts to area attractions and meeting rooms. There are many terms related to timesharing with which a person might not be familiar with. In such a case, it becomes necessary for a person to understand timeshare glossary that are commonly used in the timesharing industry.

Some commonly used timeshare terms are like accrued week that is any week that was unused the previous year. Such week accumulates and is available for use in the current calendar year. Another term is Check-In Date. It refers to the assigned day and date of week. The interval week begins mostly on Friday, Saturday, or Sunday. It means in case the week begins on Friday, then it will end on the coming Friday. Exchange Company is an important term that is widely used in timeshare industry. It refers to an organization or a company that accepts interval weeks on deposit to establish a pool of weeks from its interval members so that it can become possible for other members to choose the vacation times and resort of their choice. At the time, when a member deposits their week with such a company, it compares the week the depositor is asking for with the weeks that are deposited by other depositors so as to provide the suitable match on the basis of availability and value.

Other than these terms, there are other timeshare glossary terms that need to be understand before stepping into timeshare industry. Some of these terms are Accelerated use, Ad Valorem, Appraisal, Appreciation, Amenities, Biennial, Banking, Bonus Time, Blue week, Club/Trust Membership, Constitution, Closing Costs, Cooling Off Period, Deeded Property, Deeded Property, Deed, Escrow, Escritoire, End-user Finance, EOY (Every Other Year), Fixed Unit, Fixed Week, Free Simple, Floating, Floating Week/Time (also called "flex" time), Fractional, Fly-Buy, Guest Certificate, Holiday Ownership, Holiday Club/Vacation Club, Interval, Interval Calendar, Levy, Linked Agreement, Lockout/Lock-off Unit, Lease/Leasehold, Management Company, Maintenance Fee, Management Fees, Mini Vac, Maximum Occupancy, Owner Referrals, Odd or Even Year Usage, Points Clubs, Quarter share, Property Bonds, Resale, Red Week, Rescission, Resort Ratings and many more.

In an attempt to provide all owners an opportunity for the best weeks, the weeks are changed backward or forward through the timeshare calendar. With its help, one owner may have the chance to use property for week 25, then next year week 26 and so on. Even though this method is not flexible still it gives a fair chance to each owner to enjoy the prime weeks. It is normal practice in many resorts to use an annual calendar. All the sales for the use of a particular unit are done by week number on the basis of this calendar. Every week will have some type of identification that can be used as and when required.

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<h1>An Insight into Timeshare Glossary and Timeshare Calendar</h1> Author: <a href='http://www.articleseen.com/profile_lucky123.aspx'>lucky123</a> 
The timeshare industry is a rapidly growing market in real estate. For all those who want to enjoy quality vacations, timeshare has so much to offer. A timeshare ownership allows to enjoy the vacations with a lot more amenities, space and comfort. There can be no comparison of a timeshare to a hotel. Timeshares always have more square footage and separated bedrooms from the living space. Moreover, timeshare properties offer a lot of extras so as to attract vacationers such as golf courses, spas, multiple pools, discounts to area attractions and meeting rooms. There are many terms related to timesharing with which a person might not be familiar with. In such a case, it becomes necessary for a person to understand timeshare glossary that are commonly used in the timesharing industry.

Some commonly used timeshare terms are like accrued week that is any week that was unused the previous year. Such week accumulates and is available for use in the current calendar year. Another term is Check-In Date. It refers to the assigned day and date of week. The interval week begins mostly on Friday, Saturday, or Sunday. It means in case the week begins on Friday, then it will end on the coming Friday. Exchange Company is an important term that is widely used in timeshare industry. It refers to an organization or a company that accepts interval weeks on deposit to establish a pool of weeks from its interval members so that it can become possible for other members to choose the vacation times and resort of their choice. At the time, when a member deposits their week with such a company, it compares the week the depositor is asking for with the weeks that are deposited by other depositors so as to provide the suitable match on the basis of availability and value.

Other than these terms, there are other timeshare glossary terms that need to be understand before stepping into timeshare industry. Some of these terms are Accelerated use, Ad Valorem, Appraisal, Appreciation, Amenities, Biennial, Banking, Bonus Time, Blue week, Club/Trust Membership, Constitution, Closing Costs, Cooling Off Period, Deeded Property, Deeded Property, Deed, Escrow, Escritoire, End-user Finance, EOY (Every Other Year), Fixed Unit, Fixed Week, Free Simple, Floating, Floating Week/Time (also called "flex" time), Fractional, Fly-Buy, Guest Certificate, Holiday Ownership, Holiday Club/Vacation Club, Interval, Interval Calendar, Levy, Linked Agreement, Lockout/Lock-off Unit, Lease/Leasehold, Management Company, Maintenance Fee, Management Fees, Mini Vac, Maximum Occupancy, Owner Referrals, Odd or Even Year Usage, Points Clubs, Quarter share, Property Bonds, Resale, Red Week, Rescission, Resort Ratings and many more.

In an attempt to provide all owners an opportunity for the best weeks, the weeks are changed backward or forward through the timeshare calendar. With its help, one owner may have the chance to use property for week 25, then next year week 26 and so on. Even though this method is not flexible still it gives a fair chance to each owner to enjoy the prime weeks. It is normal practice in many resorts to use an annual calendar. All the sales for the use of a particular unit are done by week number on the basis of this calendar. Every week will have some type of identification that can be used as and when required. About the Author: If you want any kind of timeshare advice, Bay Tree Solutions are best place to contact. We offer the best timeshare marketing services. We continually refine and improve our marketing. We provide a list of resorts with <a rel="nofollow" href="http://www.baytreesolutions.com">Timeshare Calendar</a> matching with all the required details. It makes easy for you to decide about your timeshare property. Article Source: <a href='http://www.articleseen.com/Article_An-Insight-into-Timeshare-Glossary-and-Timeshare-Calendar_99243.aspx'> http://www.articleseen.com/Article_An Insight into Timeshare Glossary and Timeshare Calendar_99243.aspx</a>

Article Source : http://www.articleseen.com/Article_An Insight into Timeshare Glossary and Timeshare Calendar_99243.aspx

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If you want any kind of timeshare advice, Bay Tree Solutions are best place to contact. We offer the best timeshare marketing services. We continually refine and improve our marketing. We provide a list of resorts with Timeshare Calendar matching with all the required details. It makes easy for you to decide about your timeshare property.

Keywords : Timeshare Glossary, Timeshare Calendar,

Category : Business : Sales

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