Timeshare
/ˈtaɪmˌʃɛr/
Definitions
- (n.) A right or obligation to use a property, usually vacation real estate, for a fixed period each year under a shared ownership plan.
They purchased a timeshare for two weeks every summer at the beach.
Forms
- timeshare
- timeshares
Related terms
See also
Commentary
Timeshares involve complex contracts often requiring clarity on usage periods and transferability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.