What is Timeshare?

Timesharing us a part ownership of a resort property. Owners purchase weekly intervals or points which provide the opportunity to holiday at their home resort where they own their week, or atother resorts around New Zealand, Australia of the resot of the world.
Resorts affiliate with Exchange Companies which provide the tools for owners to exchange thier weeks. There is generally a fee for this service which is dependant on where an owners wishes to exhcnage to and through which company they exchange.

Some Timeshare Facts
  • Approximately 4 million households worldwide have a timeshare ownership
  • There are almost 5,000 timeshare resorts worldwide, in 81 countries
  • The Unites States of America leads the world in timesharing with over 2,000 resorts and 2 million owners
  • In New Zealand there are 26 resorts and approximately 30,000 timeshare owners
  • As well as owing at New Zealand resorts, Kiwis own weeks at resorts in Australia, Fiji, Bali, Thailand and further afeild
  • The quality of accomodation and resort amenities rivals many traditional holiday accomodation properties. Amenities often include indoor and outdoor swimming pools, golf courses, tennis and squash courts, bicycles, boats and fishing facilitites, children's play areas and exersize rooms
  • For many people, one of the prime reasons for owning a timeshare week is the opportunity to exchange. Owners can exchange within New Zeland or overseas to holiday at another resort
  • Having a holiday at a well equipped and often quite luxurious resort with all the maintenance done beats rushing to a holiday house only to have to mow the lawns, clip hedges, rake leaves, paint and do general maintenance. And to top it off, there's no need to worry about security between visits!
  • Worldwide more than 2 million exchange holidays are confirmed to timeshare members each year 

Types of Ownership

In New Zealand there are esentially three types of timeshare ownership:

TITLE BASED
The title based scheme gives the purchaser an undivided interest in the property. All resorts have one week each year reserved for maintenance. If a resort has 12 units in the complex, each purchaser would own 1/612th interest in the property, ( 12 units X 51 weeks). The title deeds can be inherited, gifted, sold or kept for use forever. A Body Corporate Committee is elected annually by the owners to control the management of the resort on behalf of the owners.

RIGHT TO USE
Under this scheme purchasers have occupancy rights for a specified term e.g. 20 years. The purchaser does not have any ownership interest or title to the property and once the ownership period ends, the property either reverts back to the owner (i.e. the developer), or is sold and the net sale proceeds distributed to the timeshare owners.

CLUB OWNERSHIP/POINTS
These schemes allow the purchaser occupancy rights to a number of different resorts within the same Club. Purchasers are sold a set number of points at a specific property or they purchase points which can be used within the Club properties or on exchange.