https://thehotelskills.com/different-between-time-share-and-condominium-the-complete-guide/ https://thehotelskills.com/consultant/ https://thehotelskills.com/counselling-career-advisor/ Time-Share: When a property is shared or arrange for holidaying with the cost in guarantee time or form of ownership for using the property within the given time period. There are 52 weeks in a year, the timeshare company could technically sell that one unit to 52 different owners. You have chosen a specific location and set a week or two. It can be Fixed Week ownership(Changing of the week are not allowed), Floating week Ownership (have the option of selecting the week within the time limit), Point System Ownership (AKA “Time Share Exchange Program”, you may be allocated certain points which you can use or access to other resort in the same system). But what they don’t mention are the growing maintenance fees and other incidental costs each year that can make owning one unbearable. Condominium: Con (In Latin) means ‘together’ and dominion means ’ ownership’ either its ‘joint dominion’ or ‘co-ownership’. The property can be use or hold rights by multiple parties within the allotted period of time. . In purchasing a condo-hotel, you have the flexibility to use your unit whenever you want, though there are usually restrictions that prohibit making it a permanent residence. Click the links for more details: https://thehotelskills.com/different-between-time-share-and-condominium-the-complete-guide/
