ContractsCounsel Logo

Timeshare Agreement

Clients Rate Lawyers on our Platform 4.9/5 Stars
based on 7,494 reviews
Home Types of Contracts Timeshare Agreement

Jump to Section

Need help with a Timeshare Agreement?

Post Project Now

Post Your Project (It's Free)

Get Bids to Compare

 Hire Your Lawyer

A timeshare agreement is a legally binding contract that outlines the terms and conditions of ownership or use of a property or properties in a specific place. The agreement typically details the rights and responsibilities of the timeshare owner or user, as well as the costs associated with owning or using the property. A timeshare agreement can take various forms, including deeded ownership, right-to-use agreements, and points-based systems. Let us discuss further about a timeshare agreement, its key terms, and other relevant aspects.

Types of Timeshare Agreements

There are several types of timeshare agreements available to consumers, each with its own unique features and benefits. The three most common types of timeshare agreements include:

  • Deeded Ownership: In a deeded ownership agreement, the buyer purchases an actual ownership interest in the property. This type of agreement typically involves a one-time purchase price and annual maintenance fees, and the owner is responsible for the property's upkeep and taxes.
  • Right-to-Use: A right-to-use agreement allows the buyer to use the property for a set period of time, usually between 10 and 99 years. This type of agreement often involves a lower initial purchase price and annual maintenance fees, but the buyer does not own an actual interest in the property.
  • Points-Based: In a points-based agreement, the buyer purchases a certain number of points that can be used to access various properties within a timeshare network. This type of agreement often provides flexibility and variety but can also be more complex and difficult to understand.

Ownership and Usage Rights of a Timeshare Agreement

Once you have decided on the type of timeshare agreement that best fits your needs, it is important to understand the ownership and usage rights associated with the agreement. In a deeded ownership agreement, you have the same rights and responsibilities as a traditional property owner, including the ability to sell, rent, or will your ownership interest to another party.

In a right-to-use agreement, you have the right to use the property for the specified period but do not own an actual interest in the property. In a points-based agreement, you have the right to use various properties within the network but do not have any ownership interest in the properties.

Meet some lawyers on our platform

Gregory B.

138 projects on CC
View Profile

Morgan S.

6 projects on CC
View Profile

Owen K.

7 projects on CC
View Profile

Nicholas M.

7 projects on CC
View Profile

Costs and Fees Associated with Timeshare Agreements

In addition to the initial purchase price, there are several costs and fees associated with timeshare agreements, including annual maintenance fees, property taxes, and special assessments. These costs can vary widely depending on the type of agreement and the specific property. It is important to fully understand all costs and fees associated with the agreement before signing.

Risks and Benefits of Owning or Using a Timeshare Property

There are both risks and benefits associated with owning or using a timeshare property. One of the main benefits is the ability to enjoy a vacation property without the full cost and responsibility of ownership. However, there are also risks associated with timeshare agreements, including the possibility of rising maintenance fees, difficulty reselling the property, and the potential for fraudulent activity. It is important to carefully consider the risks and benefits before entering into a timeshare agreement.

Effective Tips in Protecting Your Timeshare Agreement

Owning a timeshare can be a great investment in your future vacations. However, it's important to protect your investment and ensure that your timeshare agreement is secure. Here are some tips for protecting your timeshare agreement.

  • Understand the Terms of Your Agreement. The first step in protecting your timeshare agreement is to understand the terms of the agreement. This includes understanding the fees associated with your timeshare, the duration of your ownership, and any restrictions on how you can use your timeshare. Make sure you read the entire agreement carefully and ask any questions you may have before signing.
  • Keep Your Contact Information Up to Date. It's important to keep your contact information up to date with the timeshare company. This includes your mailing address, email address, and phone number. If the timeshare company needs to contact you about your agreement, you want to make sure they have the correct information.
  • Pay Your Fees on Time. One of the most important aspects of protecting your timeshare agreement is paying your fees on time. If you fail to pay your fees, you risk losing your timeshare. Make sure you understand when your fees are due and set up automatic payments or reminders to ensure you don't miss a payment.
  • Be Aware of Scams. Unfortunately, there are scammers out there who target timeshare owners. These scams can include companies claiming to offer to sell your timeshare for a high price, or companies offering to help you get out of your timeshare agreement for a fee. Be wary of any unsolicited offers you receive and do your research before working with any company.
  • Consider Legal Help if Needed. If you run into any issues with your timeshare agreement, it may be necessary to seek legal help. This could include disputes with the timeshare company, issues with the terms of the agreement, or any other legal concerns related to your timeshare. An attorney with experience in timeshare law can help protect your investment and ensure that your rights are being upheld.

Why Hire a Lawyer for Your Timeshare Agreement

If you are considering a timeshare agreement, it's important to approach a lawyer for legal advice. Here are some key things to keep in mind when doing so:

  • Look for a Lawyer with Experience in Timeshare Law. Timeshare law is a specialized area of law, so you want to work with a lawyer who has experience in this field.
  • Ask for References. Ask the lawyer for references from previous clients who have worked with them on timeshare matters.
  • Discuss their Fees Upfront. Make sure you understand the lawyer's fees and what services they will provide before you begin working with them.
  • Be Honest and Transparent. When you meet with the lawyer, be open and honest about your situation and what you hope to achieve with the timeshare agreement.
  • Understand the Scope of their Services. Make sure you understand what legal services the lawyer will provide and what you will be responsible for handling on your own.

Key Terms for Timeshare Agreements

  • Ownership Duration and Type: This refers to how long you own the timeshare and what type of ownership you have, such as deeded or right-to-use.
  • Usage Restrictions and Fees: This refers to any restrictions on how you can use your timeshare and any fees associated with its use.
  • Maintenance Fees and Assessments: This refers to the fees you must pay for the maintenance and upkeep of the timeshare property.
  • Exchange Programs and Trading Power: This refers to programs that allow you to exchange your timeshare for a different location or time, and the relative value of your timeshare in such programs.
  • Termination and Cancellation Policies: This refers to the conditions under which you can terminate or cancel your timeshare agreement.

Final Thoughts on Timeshare Agreements

Timeshare agreements can be a great option for individuals looking for a vacation property without the full cost and responsibility of ownership. However, before entering into a timeshare agreement, it is important to fully understand the terms and conditions of ownership or usage. This comprehensive guide explains everything you need to know about timeshare agreements, from the various types available to the costs and benefits of ownership or usage.

In conclusion, a timeshare agreement can be a great option for individuals looking for a vacation property without the full cost and responsibility of ownership. However, it is important to fully understand the terms and conditions of ownership or usage before signing a timeshare agreement.

If you want free pricing proposals from vetted lawyers that are 60% less than typical law firms, click here to get started. By comparing multiple proposals for free, you can save the time and stress of finding a quality lawyer for your business needs.

How ContractsCounsel Works
Hiring a lawyer on ContractsCounsel is easy, transparent and affordable.
1. Post a Free Project
Complete our 4-step process to provide info on what you need done.
2. Get Bids to Review
Receive flat-fee bids from lawyers in our marketplace to compare.
3. Start Your Project
Securely pay to start working with the lawyer you select.

Meet some of our Timeshare Agreement Lawyers

Michael W. on ContractsCounsel
View Michael
5.0 (2)
Member Since:
July 13, 2020

Michael W.

Free Consultation
Columbia, MD
12 Yrs Experience
Licensed in MD
Georgetown University Law Center

Graduate of Georgetown Law (J.D. and LL.M in Taxation) Injury Claims Adjuster before law school for top insurer Eight plus years of legal experience Past roles: Associate at premier boutique law firm in the DC metro area Policy Associate at a large academic and research institution Solo Practice Areas of Expertise: Contracts Business Formation Trusts and Estates Demand Letters Entertainment Transactions

Matthew F. on ContractsCounsel
View Matthew
5.0 (4)
Member Since:
July 13, 2020

Matthew F.

Free Consultation
Coral Springs, FL
20 Yrs Experience
Licensed in FL
UF Levin College of Law

As a business law attorney serving Coral Springs, Parkland, and Broward County, FL, Matthew has been recognized as “AV” rated, which is the highest rating an attorney can achieve through Martindale’s Peer Review system. Year after year Matthew is listed in the “Legal Leaders” publication as a top-rated attorney in South Florida in the areas of litigation, commercial litigation, and real estate. Matthew is also a graduate and instructor of the Kaufman Foundation’s FastTrac NewVenture Program, presented by the Broward County Office of Economic and Small Business Development.

Richard N. on ContractsCounsel
View Richard
4.9 (47)
Member Since:
July 9, 2020

Richard N.

Managing Member
Free Consultation
Princeton, NJ
40 Yrs Experience
Licensed in NJ
New York Law School

I have been practicing law for 35 years. In addition to my law degree, I hold an MBA. I've created six companies, currently act as outside counsel to another 12, and have been an advisor to more than 500 startups and entrepreneurs.

Donya G. on ContractsCounsel
View Donya
4.9 (58)
Member Since:
July 11, 2020

Donya G.

Contract, E-Commerce Attorney & Dispute Resolution Specialists
Free Consultation
United States
23 Yrs Experience
Licensed in CT, NY
Pace University School of Law

I am a licensed and active NY Contracts Attorney, with over 20 years of diverse legal and business experience. I specialize in reviewing, drafting and negotiating commercial agreements. My practice focuses on working with small business clients as well as clients from international brokerage firms on acquisitions, especially in the Ecommerce space; drafting, negotiating, reviewing and advising on business agreements; ; breach of contract issues, contract disputes and arbitration. I am licensed to practice in New York and Connecticut, and am a FINRA and NCDS Arbitrator. My experience includes serving as General Counsel to small businesses. This entails reviewing, updating and drafting contracts such as employments agreements, asset purchase agreements, master services agreements, operating agreements and a variety of business and commercial contracts. Additionally, I assist clients with business strategies, contract disputes and arbitration. My diverse experience allows me to give my clients a well-rounded approach to the issues they face. I have been at top AML law firms; a Vice President at an Investment Bank, a Civil Court Arbitrator presiding over cases in contract law, commercial law, a Hearing Officer, presiding over cases and rendering written decisions, and a Judicial Clerk to a Civil Court Judge. It would be a privilege to assist you and your business with my services.

Carlos C. on ContractsCounsel
View Carlos
Member Since:
July 11, 2020

Carlos C.

Attorney-at-law and Certified Public Accountant
Free Consultation
Atlanta, GA
27 Yrs Experience
Licensed in DC, FL, GA
Inter American University

Carlos Colón-Machargo is a fully bilingual (English-Spanish) attorney-at-law and Certified Public Accountant (CPA) with over twenty years of experience. His major areas of practice include labor and employment law; business law; corporate, contract and tax law; and estate planning. He is currently admitted to practice law in Georgia, Florida, the District of Columbia and Puerto Rico and currently licensed as a CPA in Florida. He received a Master of Laws from the Georgetown University Law Center in 1997, where he concentrated in Labor and Employment Law (LL. M. in Labor and Employment Law) and a Juris Doctor, cum laude, from the Inter American University.

John B. on ContractsCounsel
View John
Member Since:
July 13, 2020

John B.

Managing Partner
Free Consultation
New York, NY
8 Yrs Experience
Licensed in NJ, NY
New York Law School

John Benemerito is the Founder and Managing Partner of Benemerito Attorneys at Law. Admitted to practice in New York and New Jersey, John represents small business owners and startups in the areas of Business and Securities Law. John received his Bachelors Degree at John Jay College of Criminal Justice where he majored in Criminal Justice. Afterwards, he attended New York Law School where he focused his studies on Corporate and Securities Law. John comes from a family of entrepreneurs. From as far back as he can remember he was always involved in his family’s numerous businesses. At the age of fifteen, John entered into a new business venture with his father and managed to grow and maintain that business through high school, college and law school.John is currently a co founder in over five different businesses. After law school, John decided that he wanted to help people like himself. He opened his own law practice and began working primarily with small business owners until he was introduced into the startup world. Ever since that time, John has worked with hundreds of startups and thousands of entrepreneurs from all different backgrounds in helping them achieve their goals. Having been an entrepreneur his entire life, John understands what it takes to create and maintain a successful business. He enjoys sitting down and working with his clients in figuring out each of their unique challenges.

Dillon N. on ContractsCounsel
View Dillon
Member Since:
July 13, 2020

Dillon N.

Free Consultation
Chicago, IL
8 Yrs Experience
Licensed in IL, KY
University of Kentucky College of Law

My practice has involved a wide range of legal matters from commercial real estate, finance and international business transactions to litigation matters including commercial disputes, real estate, employment, and medical malpractice. Proficient in Spanish, I graduated from the University of Kentucky College of Law, the Patterson School of Diplomacy and International Commerce, and the University of Southern California. Prior to my legal career, I sought diverse professional experiences. After graduating from college, I orchestrated my own volunteering experience in southern Peru with a small non-profit organization. Later I gained valuable professional experience as part of a U.S. Senate campaign, and after that I joined the public policy team at Greater Louisville, Inc., Louisville's Chamber of Commerce affiliate. Prior to law school, I embarked on a month long excursion with the Northern Outdoor Leadership School in Alaska, which gave me a new found appreciation for sustainability.

Find the best lawyer for your project

Browse Lawyers Now
Timeshare Agreement lawyers by city
See All Timeshare Agreement Lawyers
related contracts
See More Contracts
other helpful articles

How It Works

Post Your Project

Get Free Bids to Compare

Hire Your Lawyer


Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call

Find lawyers and attorneys by city