Timeshare Estate

Timeshare Estate. Shall mean a real property interest established pursuant to a F.S. Chapter 721; TO WIT: a right to occupy a Unit for a Timeshare Period, coupled with a freehold estate or an estate for years with a future interest in the Condominium Property or a specified Condominium Unit, subject to the Declaration. The term shall also mean an interest in a Unit under which the exclusive right of use, possession or occupancy of the Unit... circulates among the various purchasers of a Timeshare Plan pursuant to F.S. Chapter 721 on a recurring basis for a period of time. By way of example, and not limitation, the term shall include an undivided interest as a tenant-in-common with other Timeshare Owners as may exist in the Aggregated Units, with the numerator of such undivided interest as a tenant-in-common with other owners being the respective numbers of days of use allocated to the purchase of the respective Timeshare Estates. View More