Time Sharing Contracts
Content of the presentation
Definition
History and practical use
Legislative framework
Pros and cons of TSC

Definition

Consumer contract TSC = A form of shared property ownership, commonly in vacation or recreation condominium property, in which rights vest in several owners to use property for a specified period each year. Exclusive right to use a property for a specific time attractive service – cheap, usually higher standard than hotels/appartments effective way of using an estate