Definition: A form of timeshare ownership giving the purchaser an ownership interest associated with recurring periods of occupancy. The governing documents identify the estate and how usage rights work.
Example
An owner receives a deeded interest with the right to occupy a resort unit during an assigned annual interval.
Keep the distinction clear
Not every timeshare is deeded ownership or a fixed week. A contractual right-to-use arrangement can provide occupancy without conveying the same ownership estate.
Related terms
Timeshare · Right-to-Use (Timeshare) · Fee Simple Estate
Keep studying
Freehold vs. Leasehold Estates: How to Tell Them Apart
References: Florida Statutes 721.05: timeshare definitions
Pronunciation (US): IN-ter-vul OH-ner-ship (capitals show stress)
Pronunciation reference: Merriam-Webster
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