General Discussion

How to deeded and RTU ?

Jan 23, 2019

hello, can anyone tell me what the difference is? I own week 5 but not sure if its deeded or right to use thanks


Nichol A.
Jan 23, 2019

Nichol A.: Right to Use (RTU): A lease, or right to use ownership grants the lessor the right to use the property for a specified period of time; usually from 20 to 99 years. The resort developer or Management Company holds ownership of the physical property. However, during the right-to-use period, the owner may rent, transfer, or bequeath the remaining years of their right to use property.

Deeded Property: True property ownership with deed recorded in the county where the property exists. This type of property has the same rights of ownership accorded to it as other deeded real estate. The owner may sell, rent, bequeath, or give away the property.

Most timeshares in the U.S. are deeded, while Mexican and Caribbean timeshares are typically RTU.


RedWeek Support
RedWeek.com

Note: Please do not post ads in the timeshare forums. If you want to add a timeshare posting, go here.