You have a contractual right to use the property for a set number of years, but the developer retains ownership.
The Realities of Timeshare Ownership: Is it a Vacation Dream or Financial Burden?
Beyond the initial purchase price, owners must pay annual maintenance fees, which often rise over time.
Timeshare ownership, often referred to as fractional ownership, involves purchasing the right to use a vacation property for a specific period each year, typically one or two weeks. While roughly own a timeshare, the industry is often a subject of intense debate regarding its true value versus its long-term costs. How Timeshares Work
The resale value of a timeshare is typically much lower than the initial purchase price, and finding a buyer can be extremely difficult.