Question

Dominique purchased a timeshare that conveys the right to occupy the property for two weeks each year, continuing for 20 years. However, the timeshare does not convey ownership. This is an example of a ____________ timeshare.

a) Fixed Week
b) Right-to-Use
c) Points-Based
d) Fractional Ownership

Answer 1

A Right-to-Use timeshare is an example of a timeshare that grants the right to occupy a property for a specified period without actual ownership.

Step-by-step explanation:

This is an example of a Right-to-Use timeshare. A Right-to-Use timeshare grants the purchaser the right to occupy the property for a specified period each year, usually for a set number of years. However, unlike fractional ownership or fixed week timeshares, the Right-to-Use timeshare does not convey ownership.

In the given scenario, Dominique purchased a timeshare that allows them to occupy the property for two weeks each year for a total duration of 20 years. This means that Dominique has the right to use the property during those two weeks, but does not have ownership rights over the timeshare property.

This type of timeshare arrangement is common in the vacation industry and provides individuals with the opportunity to enjoy the benefits of a vacation property without the responsibilities and costs associated with ownership.