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Timeshare Frequently Asked Questions
What is timeshare?
Timeshare is the purchase of the amount of time you wish to vacation in luxury resorts
How many timeshares are there Worldwide?
5,425 resorts throughout the World, meaning you can holiday WHEREVER you wish
How many people own timeshare Worldwide?
There are 6.7million timeshare owners
How many timeshare weeks are owned Worldwide?
There are 10.7million timeshare weeks owned throughout the world
What are maintenance fees?
Maintenance fees are paid direct to the resort and generally pay for the upkeep of the unit, the utilities, the cleaning and repairs, resort property insurance, the upkeep and replacement of general use resort amenities
When will I receive my deed or copy of recorded ownership?
You will receive your deed after your contract has been paid in full and the transfer of ownership has been completed with all official recording agencies
Who are R.C.I.?
Resort Condominiums International, generally known as RCI are the largest timeshare exchange company.
RCI has been exchanging timeshare weeks
between owners for 30years.
RCI exchange timeshare weeks in over 3000 resorts in over 85 countries.
RCI can be contacted on +44 0870 60 90 141
Who are I.I.?
Interval International, known as I.I. exchange timeshare weeks between owners in over 1700 resorts across 35 countries.
Why should I become a member of RCI or II?
Both RCI and II will provide their members with a yearly listing of resorts.
Both offer exchanges between members meaning you can trade your timeshare week with someone elses anywhere in the world.
Do RCI and II own the timeshare resorts they are exchanging?
No, they are independent companies with an affiliation to the resorts.
How much does it cost to join RCI and II?
Annual membership fee for RCI is £72
Annual membership fee for II is £69
How do I arrange an exchange?
It is a very simple process, you get in touch with your exchange company and tell them wht you require.
You can
exchange for a different week to the one that you own.
You do not have to wait for someone to take your week, the exchange company will bank it and your exchange is booked.
Can someone else use my exchange?
Yes, you may make an exchange and then purchase a Guest Certificate, which will allow someone else to use your exchange.
Guest certificates are £36 from RCI
Can I just bank my week without making an exchange?
Yes, you may make bank your week and make an exchange at a later date.
What are red and blue weeks?
High season weeks are the most popular weeks at a timeshare resort and are known as "red weeks"
Normal demand weeks are "white weeks"
Lower demand weeks are "blue weeks"
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