Sometimes referred to as 'Holiday Ownership', 'Multi-Ownership', 'Vacation Ownership', or 'Group Ownership'. Timesharing can be in a single building, an apartment block or a boat. The assessed value of an interval week when trading or exchanging for another week within the same resort or at a different resort. In some situations, the owner of a red week at an RCI Gold Crown resort can trade that week for two or more weeks at a resort of lesser distinction or for weeks in a lower time division. Supply and demand rules prevail in this type of exchange and the owners can greatly enhance their trading power with high demand weeks and resorts.
Trustees provide security for owners in the event that a developer fails financially.
Some trustees may have added responsibilities such as ensuring the continuity of the Owners Club. ILX Resorts Incorporated. All Rights Reserved. Our Privacy Policy.