RTU timeshare

What Does RTU Mean In Timeshare?

Nowadays, timeshare ownership is a popular way to spend holidays annually in luxury resorts and apartments. A timeshare contract obligates owners to pay high maintenance fees that tend to increase over time – it appears as a typical reason people decide to get rid of their timeshares. Still, multiple owners might get confused with main timeshare types. There are three significant kinds – an RTU timeshare, deeded timeshare, and point-based timeshare. Today, we’ll discuss what does RTU mean in timeshare.

What is RTU in timeshare?

The RTU timeshare meaning refers to the right to use timeshares that provide owners with a non-deeded vacation contract. In other words, this type of timeshare ensures an individual with the right to use a specific unit of timeshare property for a determined period instead of directly owning the property. 

Many timeshare owners appreciate RTU timeshares due to the contract’s expiration date, making them aware they aren’t obligated to pay all the timeshare fees for a lifetime. Unlike typical deeded contracts, a right to use a timeshare offers a guarantee for a timeshare exit. This means individuals can give up paying maintenance fees when they don’t use the property. RTU timeshares appear more flexible than deeded ones.

Most RTU timeshares are internationally located. Interestingly, Mexican timeshares are all right to use, as citizens of other countries can not become the owners of the deeded vacation property there. Multiple top timeshare brands offer customers RTU timeshares located all around the globe. Westing Lagunamar and Marriott’s Aruba Ocean Club are one of those resorts with available right to use timeshares.

How does an RTU timeshare work?

When people own a deeded timeshare, they receive a lifetime responsibility for the property until they sell it. Moreover, some deeded timeshare ownerships can even be inherited by the owner’s children or grandchildren. Simply put, such timeshares might be an actual burden for some individuals. 

On the other hand, RTU timeshares provide more freedom for their owners with the specific expiration date mentioned in a timeshare contract. The lifespan of a right to use a timeshare depends on the resort and a timeshare company. It is somewhere between 25 and 75 years. After the timeshare expiration date, an individual is no longer liable for a timeshare property.

You might be wrong if you think that RTU timeshare owners can not transfer or sell their property. Like a typical deeded timeshare owner, a person who owns the right to use the timeshare can still sell it with the remaining expiration date. The truth is that the expiration date doesn’t change with a new timeshare owner, and it might be an issue if you want to sell such a timeshare. Once there are only two years left of a timeshare contract, a new owner will be allowed to use the property for these two years.