what is a time share property

[NathanFitz]

A timeshare is a vacation property where multiple people share the right to use it, typically for a specific, predetermined amount of time each year. Buyers usually pay an upfront cost plus ongoing annual maintenance fees for their use of the property, which is often a resort condominium or hotel room. This allows people to have guaranteed vacation time at a destination without the full expense of buying a second home, though it is often not a good financial investment and can be difficult to sell.