What are the two main types of timeshare ownership?

The correct answer identifies the two main types of timeshare ownership as deeded ownership and right-to-use ownership.

Deeded ownership, often referred to as "timeshare deed," allows the purchaser to own a fractional interest in the property. This means that the buyer holds a legal title to a specific period (usually a week) at the property. The ownership can typically be passed down to heirs or sold, giving the owner long-term value and control over the timeshare.

Right-to-use ownership, on the other hand, does not confer legal title to the property. Instead, it grants the buyer the right to use the property for a specified number of years. This type of arrangement usually emphasizes access to the property without the responsibilities that come with ownership. Often, right-to-use contracts will have a clear expiration date, after which the ownership rights revert back to the developer.

Other options mentioned do not accurately describe the fundamental categories of timeshare ownership recognized in the industry. For instance, while fractional ownership refers to property sharing similar to timeshare, it’s not a conventional term used to categorize timeshare ownership. Additionally, fixed week and flexible week are methods of how the time is allocated but do not represent ownership types; they describe how the shared time