Slicing Paradise: What You Should Know

Mountain Life
Slicing Paradise 1004

>Understand the interest you're buying.

It will typically be fee simple, which gives you a deeded interest and a title in perpetuity; leasehold, which has an expiration date; or right-to-use, which grants access to a particular unit or type of unit for a specified number of years.

>Look closely at maintenance fees. These can be significant (often $5,000 to $10,000 a year) and can usually be increased at the discretion of the management company.

>Understand how your timeshare allocation works. There are often "fixed" and "floating" weeks, for instance. And ask existing owners about their experiences in booking.

>Don't anticipate making a profit. An active resale market for fractionals has largely failed to materialize.

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