In your search for the perfect timeshare for your travel needs, you may come across the term Right to Use and find yourself wondering, what is a Right to Use timeshare? How will it affect me and why is it beneficial? We have all the answers to these questions so that you can make the most informed choice possible when it comes to your timeshare purchase.
What Is A Right To Use Timeshare?
Right to Use timeshares are able to be both deeded and non-deeded. Right to Use timeshares mean that you have the right to occupy the property, whether you own a deed or points. There are benefits and drawbacks to utilizing a Right to Use property, but those will depend on what type of travel you enjoy.
Deeded Right To Use Timeshares
When you have a Right to Use deeded ownership, it means that the deed you purchase for your timeshare will expire at a predetermined date. An example of a popular Right to Use deeded ownership would be Disney Vacation Club timeshares. Along with the deed that you purchase, also come points that allow you to book at various other timeshare locations.
Points-Based Right To Use Timeshares
The majority of Right to Use properties are points based. For example, Disney Vacation Club ownerships are right to use timeshares that carry an expiration date with each contract based on their home resort. This means that owners are buying points into a trust, opposed to purchasing a deed. This type of Right to Use timeshare is beneficial since it can give you access to certain locations that do not allow deeded ownership due to local legislation, such as Mexico. If your heart is set on one of those locations, Right to Use is really your only option.
Why is Right To Use Beneficial?
Initial Purchase Price
Typically, Right to Use ownerships are able to be purchased for a smaller initial purchase price when compared to perpetual ownership. Although this will also be dependent on the property location and club guidelines.
Maintenance Fees
Since Right To Use ownerships expire at a predetermined date, owners will know exactly when their maintenance fees will end and when they will stop paying on their timeshare. This may be beneficial for those who like to have a guaranteed exit strategy if you don’t plan on traveling as frequently later on in life. This will save you the need of having to go through the process of selling your timeshare when you are finished using it.
Flexibility
Points-based Right to Use ownerships can afford owners for more flexibility than a deeded timeshare. Since owners purchase a number of points they are able to use them at a larger variety of locations or to book a larger or smaller unit depending on their vacation needs for that year.
What’s Next?
Understanding Right to Use and why it is beneficial is an important step in choosing your timeshare. If you have questions about which resorts offer Right to Use, feel free to contact one of our agents for more information.
