Does a timeshare count as owning property?

A timeshare can be owned either as a real property interest (represented by a real estate deed) or as a personal property interest (represented by timeshare “points” or units in an entity that owns the property). The ownership characteristics greatly affect how a timeshare should be handled at the death of its owner.



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To get out of a timeshare legally, consider these options:
  1. Use the rescission period.
  2. Call the timeshare developer.
  3. Rent your timeshare out.
  4. Sell your timeshare on the resale market (but expect to take a hit).
  5. Gift your timeshare to a friend, family member or stranger.


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ARDA says the average cost of a timeshare that a buyer can use for one week a year is $24,140. But that's just to buy in. Owners are also pay annual maintenance fees, which typically run into the thousands of dollars.

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