Timeshare by living trust, sometimes called leasehold timeshare, is similar to deeded ownership. The difference is that, with timeshare by living trust, you own the right to use, rent or sell the property for a determined amount of time with an expiration date. This date can be a year or 20 years away or more. Annual maintenance fees end when your commitment ends.
When you purchase a deeded ownership timeshare, you own that piece of property as you would own a home or a vehicle. You hold title to the property and can use, rent, sell, or will it into perpetuity. You are responsible for yearly maintenance fees for as long as you own the vacation.
Whether your timeshare vacation is purchased by trust or deed, you own your vacation. The benefit of deed over trust is that deeded ownership does not expire. Once the mortgage on the vacation is paid off, you own it and can pass it down to your children and grandchildren.
