Definition(s) of Time Share


British Columbia Real Estate Regulations governing timeshare
plans state the following:

"timeshare interest" means the interest of a person in a time
     share plan;

"timeshare ownership plan" means any plan by which a person
     participating in the plan acquires an ownership interest in
     real property and the right to use or occupy all or part of
     that property, including accommodations or facilities
     situated on all or part of that property, for specific or
     determinable periods of time;

"time share plan" means any time share ownership plan or time
     share use plan, whether in respect of land situated inside
     or outside the Province, that provides for the use,
     occupation or possession of real property to circulate in
     any year among persons participating in the plan;

"time share use plan" means any plan by which a person
     participating in the plan acquires a right to use or occupy
     real property, including accommodations or facilities
     situated on that property, for specific or determinable
     periods of time but does not acquire an ownership interest
     in that property.


Industry Training and Promotional Materials state the following:

Resort timeshare is defined as the shared use of property,
     periodically, by a number of users or owners over a number
     of years.

Timeshare/Interval Ownership is defined as the ownership of less
than a whole accommodation, typically in weekly increments.