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Timeshare

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A timeshare (sometimes called a vacation ownership or vacation club) is a property with a divided form of ownership or use rights. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each owner of the same accommodation is allotted their period of time. Units may be sold as a partial ownership, lease, or "right to use", in which case the latter holds no claim to ownership of the property.

RCI (company)RCI (company)RCI (formerly Group RCI and, before that, Resort Condominiums International) is a timeshare exchange company with over 4,300 affiliated resorts in 100 countries. Founded in Indiana in 1974 by Jon and Christel DeHaan, RCI is one of the two main timeshare exchange businesses, along with Interval International (II). RCI is part of Wyndham Destination Network and the Wyndham Worldwide family of brands.Property managerProperty managerA property manager or estate manager is a person or firm charged with operating a real estate property for a fee. The property may be individual title owned or owned under the sectional title, share block company owned, and may be registered for residential, commercial office, and retail or industrial use.OwnershipOwnershipOwnership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different parties. The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways.Fort Lauderdale, FloridaFort Lauderdale, FloridaCity in Florida, United StatesFort Lauderdale () is a coastal city located in the U.S. state of Florida, 30 miles (48 km) north of Miami along the Atlantic Ocean. It is the seat of government of and most populous city in Broward County with a population of 182,760 at the 2020 census, making it the tenth-most populous city in Florida. After Miami and Hialeah, Fort Lauderdale is the third-most populous city in the Miami metro area, which had a population of 6,166,488 in 2019.United KingdomUnited KingdomCountry in northwestern EuropeThe United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in northwestern Europe, off the coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland, with a population of over 69 million in 2024.Real propertyReal propertyIn English common law, real property, real estate, immovable property or realty, refers to parcels of land and any associated structures which are the property of a person. For a structure (also called an improvement or fixture) to be considered part of the real property, it must be integrated with or affixed to the land. This includes crops, buildings, machinery, wells, dams, ponds, mines, canals, and roads.LeaseLeaseContract to use an asset by paying the owner A sign in Chicago offering space for lease A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the lessor and the lessee.World War IIWorld War IIGlobal conflict from 1939 to 1945BelligerentsAlliesAxisCommanders and leadersMain Allied leaders: Joseph StalinFranklin D. RooseveltWinston ChurchillChiang Kai-shekMain Axis leaders: Adolf HitlerHirohitoBenito MussoliniCasualties and losses 60–75 million deaths (military and civilian) World War II, or the Second World War (1 September 1939 – 2 September 1945), was a global conflict between two coalitions: the Allies and the Axis powers.MexicoMexicoCountry in North AmericaMexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, bordering the United States of America to the north and Guatemala and Belize to the southeast, while having maritime boundaries with the Pacific Ocean to the west, the Caribbean Sea to the southeast, and the Gulf of Mexico to the east.ILG, Inc.ILG, Inc.ILG, Inc. is an American timeshare company and a subsidiary of Marriott Vacations Worldwide. It was formerly a subsidiary of the corporation IAC. ILG is the parent company of Interval International, a provider of membership and leisure services to the vacation industry. ILG consists of two operating segments: membership and exchange.Party (law)A party is an individual or group of individuals that compose a single entity which can be identified as one for law purposes.CondominiumCondominiumA condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners. In condominium ownership, individually owned units are surrounded by common areas that are jointly owned and managed by the owners of the units.

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