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Fixed, Floating and Rotating Weeks
In a fixed week system, the owner has the right to occupy the unit the same week every year. Usually, they occupy the same unit. For example, if the owner’s timeshare contract were for week 34 in Unit 253, they would have a guaranteed right to occupy Unit 253 for the 34th week of the year. (Note that most timesharing calendars count weeks from the check-in day. So, if the check-in day for Unit 253 is Saturday, then week 34 start on the 34th Saturday of the year, with check-out on the 35th Saturday of the year.) As can be expected, some weeks are more popular than others; this is usually reflected in the purchase price.
Floating Week System
In a floating week system, the owner has the right to use a unit during a specified period (the “float” season or “flex” time), but they should contact the resort to reserve a specific week during the float period. A floating system is useful if the owner does not want usage restricted to the same week each and every year. Since many other owners share the same float period, it may be difficult to reserve the desired week. Resorts set their own policies as to how far in advance owners can reserve a floating week so it ranges from nine months to two years. Many resorts require advance payment of maintenance fees to reserve a float week, especially if the week will be used in a timeshare exchange.
When you reserve a week for exchange purposes, some resorts will select the week for you, or will restrict the weeks you may choose from. Since the particular week deposited with an exchange company directly affects its exchange value, your resort’s floating week procedures will determine the types of timeshare exchanges you are able to complete.
Rotating Week System
In a rotating week system, the owner has the right to occupy the unit during a different week each year. The week is determined by the resort’s rotating schedule. For example, in a three-year rotating schedule, during year one the owner’s assignment may be week nine, during year two, it may be week 26, while in year three it may be week 43. Then, in year four, the cycle begins again with the assignment going back to week nine. The rotating system allows all owners the opportunity to occupy the resort during its most popular periods.
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