When looking for a timeshare, you could come across a number of unusual phrases. There’s a lot to understand about vacation ownership, from “fractional ownership” to “vacation exchange network,” and it can be intimidating at times. If you’ve heard the term “right to use timeshares” but aren’t sure what it means, you’ve arrived to the correct place. Let’s go through what RTU timeshares are and how they function before looking at several RTU timeshare properties.
What Are the Benefits of Using Timeshares?
Right to use timeshares at Rtu
RTU timeshares, also known as right-to-use timeshares, are non-deeded vacation ownership contracts. RTU timeshares, simply put, allow you the “right to use” a unit for a set period of time. Buyers do not own the property, unlike standard deeded timeshares. These contracts are typically seen in international places. This is due to the fact that Americans are not permitted to possess deeded vacation houses in such nations. Unless the buyer is a Mexican citizen, all timeshares in Mexico are truly RTU contracts.
Owners appreciate the right to use timeshare contracts because they provide them with a specific expiration date. They are aware that they will not always be liable for the timeshare and its associated charges and fees. They will not be trapped in a timeshare as some people are with deeded contracts because they have a guaranteed out. Some people find themselves in a financial bind because they are still obligated to pay timeshare maintenance costs on a deeded timeshare that they no longer utilize. Owners of RTU timeshares have a little more peace of mind.
RTU Timeshares: How Do They Work?
The owner of a deeded timeshare is responsible for it for the rest of their lives or until they sell it. Some of them are even owned in perpetuity, meaning the owner’s descendants or grandchildren will inherit it. The owner and the RTU contract have agreed on an expiration date, which is indicated in the original contract. The owner is no longer legally accountable for the property after the expiration date. The contract length varies per resort and timeshare brand, although it usually ranges from 25 to 75 years.
RTU timeshare owners can still sell or transfer their property, just like ordinary deed timeshare owners. The original contract’s expiration date, however, will remain in effect. Even if you sell a 30-year contract that you signed in 2020, it will expire in 2050. When a contract is transferred to a new owner, the expiration date does not reset. If you sell an RTU contract with only 5 years remaining on it, the new owners will only be able to use it for those 5 years. This can make selling an RTU timeshare a little more challenging.
RTU Timeshare Resorts is a company that sells timeshares.
RTU contracts are available at several lovely timeshare resorts throughout the world. Some of the industry’s most well-known timeshare companies provide right-to-use timeshares at a variety of destinations. If you’re looking for this form of arrangement, you’ll have no trouble finding a reputable company to purchase a timeshare from. We’ve compiled a list of some of our favorite RTU resorts that we think you’ll enjoy.
Marriott’s Aruba Ocean Club RTU timeshare is located on the island of Aruba.
On picturesque Palm Beach, Marriott’s Aruba Ocean Club is a beachfront resort. This is a resort that the whole family can enjoy, with the great amenities and accommodations that you would expect from Marriott. The planned Kid’s Night Out, where they can play games and eat pizza with other kids staying at the resort, will be a hit with the little ones. The Mandara Spa, which provides massages and facials, is ideal for adults looking for a moment of complete relaxation. Adults can also relax with a cool drink at Champion’s Sports Bar. This resort boasts three restaurants on-site as well as convenient access to the dining selections at Aruba Surf Club next door for a family lunch. This RTU timeshare property has spacious one- and two-bedroom villas with all of the necessities.
Lagunamar Westin
The Westin Lagunamar is a Cancun timeshare resort with breathtaking views of the Caribbean Sea. The resort’s location is ideal for visitors who want to visit the area’s most popular attractions. The ruins of the Mayan temple Yamil Lu’um, located just feet from the resort, offer a glimpse into Mexico’s history. La Isla Village, a seaside area with shopping, dining, a Ferris wheel, and an aquarium, is just across the street from the Lagunamar resort. Of course, you don’t have to leave the resort to take use of exquisite eating and entertaining services. Breakfast is served at Oceano, and lunch is served at Viento Bar & Grill. There’s even a swim-up bar at Viento! The resort’s pools, spa, and state-of-the-art fitness facility are also available to guests. After a fun-filled day, guests may unwind in their spacious villa, which features breathtaking ocean views.
Hotel Wyndham El Cid Marina Beach
Wyndham’s El Cid Marina Beach Hotel is located on the sands of Mazatlan, on the Pacific Coast of western Mexico. The resort is located in the town’s Golden Zone, which is known for its resorts, restaurants, boutiques, and nightlife. This location is ideal for people who prefer to spend their days relaxing on the beach and their evenings dancing. This vibrant region is packed with things to do and see, so guests will never run out of things to do and see while visiting El Cid. The resort has a Mediterranean flavor to it, as well as a private beach and a lagoon-style pool with an underwater tunnel. It’s simple to get out on the open waters on a boat thanks to the resort’s full-service marina. You will undoubtedly create lifelong vacation memories when you visit your RTU timeshare at Wyndham El Cid Marina Beach Hotel.
The Coalition for Responsible Exit is part of Your National Relief’s effort to protect timeshare owners seeking relief from scammers. To be a part of the Coalition, each developer must provide their timeshare owners secure, vetted choices for timeshare relief.
Wyndham Cares is a free program offered by Wyndham Destinations that allows timeshare owners to reach out for assistance, whether it’s with a concern about their ownership or a certified exit from their timeshare. Horizons by Holiday Inn and Transitions by Diamond Resorts are two more companies that offer comparable services.
Your developer or HOA may even be able to refer you to a reputable timeshare resale company. There are reputable timeshare resale companies that can assist you with posting and advertising your timeshare for sale, as well as other relief choices. Before entrusting anyone with your timeshare relief procedure, you should be aware of the following timeshare resale frauds.
Exorbitant upfront fees of thousands of dollars are being demanded.
An “investor” or “broker” makes a cold call.
Offer to buy your timeshare for more than you paid for it out of the blue.
You are being told to stop paying your maintenance costs by a timeshare cancellation or leave business.
Requesting a “wire transfer charge” or something like up front.
Relief from Timeshare Maintenance Fees
Paying annual maintenance costs is one of the most difficult tasks for many property owners. Especially if their timeshare isn’t being used. As a result, we created the To Go Program, which was created to assist in the reduction of timeshare maintenance payments. When you call one of our representatives, they will be able to answer any questions you have regarding our maintenance fee relief program and determine whether or not you are eligible. Then, while you wait for your timeshare to sell, you can get cash. You can also earn TG Credits, which you can use to book special trips right now. We pledge to work with you until your timeshare is sold as a reward for using our services. Our timeshare maintenance charge relief program is one of them.
Relief from Timeshare Maintenance Fees
There are few, if any, comparable programs today that are similar to ours. We’ve devised a mechanism that benefits you, the timeshare holder. Not to mention that we are proud members of the Your National Relief and have a BBB A+ rating. We also collaborate with a number of developers in the industry to deliver real-world solutions to property owners.
Our method is distinct. We will work with you until your timeshare sells, but we cannot guarantee that your timeshare contract will be cancelled. You cannot simply cancel your vacation ownership, just as you cannot cancel other commitments or debts in life. Renting or selling your timeshare while using our To Go Program is your best alternative for relief.
For timeshare relief, contact your developer.
We recommend calling your developer first to see what in-house solutions they have before looking for timeshare relief. Wyndham, for example, offers Wyndham Cares and Ovation. Other businesses, such as Diamond, also provide aid to their owners. If they can’t help, they’ll most likely recommend you to a third-party reseller (like us) who can. If you have any doubts about a timeshare company, go to the Your National Relief’s Responsible Exit website or call your developer. You can also go to Your National Relief, which is Your National Relief’s Resort Owner Coalition, which is made up of timeshare owners like you who feel that timeshare owners deserve the best services and help.
Your Timeshare Can Be Rented or Sold
You might have thought of selling your timeshare to get some help. While you’re waiting, listing your timeshare for sale is a terrific method to get it in front of timeshare resale buyers. To assist you in selling your timeshare, our firm works relentlessly to expand our industry alliances and marketing efforts. You’ll also have access to our team of advisors who actually care about you if you advertise your timeshare with us.
What is the best way to sell a timeshare? It’s as simple as putting an ad, waiting for an offer, then closing the sale with us. While we do not prepare contracts for you, we can connect you to one of our industry partners who has been selling timeshares for over 20 years.
Renting your timeshare is equivalent to selling your timeshare with us. We assist you in creating a rental advertisement for your timeshare, and then we go to work locating a tenant. If you want to keep your timeshare but don’t want to pay maintenance fees for a year or two, renting is a good option. We can also rent out your timeshare while it’s on the market with your permission. That way, you’ll be able to get paid for it while you’re waiting.
Is Leaving a Job a Good Idea?
Other firms may have told you that they can cancel your timeshare or maintenance costs, but this is not true. Be careful if you receive a call from an unknown buyer or firm promising to cancel your timeshare debt. Most of the time, these are ruses. When you agree to engage with these companies, you will almost certainly be charged thousands of dollars up front, just to be forgotten about.
Many timeshare exit teams, for example, are made up of lawyers who demand tens of thousands of dollars in advance. Many cases have been filed against companies like these, demonstrating that their practices are immoral and detrimental to business owners. We advise staying away from companies like this. If something seems too good to be true, it probably is.
Keep up to date on all timeshare victories over exit companies.
While each situation is unique, there are some steps you can take to alleviate the stress your timeshare may be causing you. Not to mention, we’re here at Your National Relief to educate and provide you with actual options for selling or resolving your timeshare. This includes the ability to rent or sell your property.
