Interval ownership, also known as timeshare or fractional ownership, is a practical way of owning a suite or condominium for only the periods of time during the year when you want to use it for vacations. There are many advantages of this type of vacation ownership, but the most outstanding benefit is that you only pay for what you use. As an owner of a timeshare property, you have all the rights and privileges of other property owners because the property is fully deeded to you. However, maintenance costs, utilities, taxes, upkeep and administration are kept to a minimum because they are divided among all the owners of the timeshare property.
