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First, some terms/acronyms you might see here on TS4M's....
Interval or week = a measure of timeshare ownership. Most ownerships relate to "weeks", with Marriott anyway.
Deeded = A timeshare deeded much as normal real estate is deeded
RTU = Right to Use. Some Marriott timeshares only convey the right to use the facility for a specified period of time, after which there is no expectation of further use, but sometimes might still be.
MVCI = Marriott Vacation Club International. This is who operates the Marriott timeshare business. Link to MVCI owner's home page
II = Interval International, an exchange company with whom Marriott contracts for their intra-system exchanges. Web site link
MR points (or MRP's) = points one earns and receives when participating in the Marriott Rewards Points system.Link to Marriott Rewards Often given as incentives for developer timeshare purchases and sales presentations.
MF's = Maintenance Fees one pays each year to maintain and utilize their timeshare interval. Billed by MVCI and can be paid by credit card online. Owners currently get 3 MR points for each dollar paid with the MR VISA. Typically, fees become due and payable early in the year.
Resort Designators, like MGC, NCV, etc. = Three letter identifiers for the Marriott timeshare resorts. Over time, one learns them, or at least some
Resale = a previously sold interval (week) of timeshare ownership purchased from a number of sources, which can include the original resort or MVCI.
Developer = The selling resort or MVCI. Buying these intervals is generally considered buying "new".
Floating interval "season" = a period of time in which an owner "owns" their interval(s) and during which they can reserve them each year, or other year. Generally, a floating season is for a period of months, sometimes with specific days excluded. Typically, at a Marriott resort where ownership is deeded, the purchase documents will indicate a specific week and unit number for deed purposes. This in no way limits the owner to any specific unit (though perhaps a "view", if so purchased) or specific week of their "season".
Fixed interval = a specific period of time which the owner purchases, generally a week. This week is taken at the same "time" every year (or perhaps every other year), and is designated by the week's "number" on a chart for each year.
EY = every year ownership, in which the owner uses their interval week once per year.
EOY = every other year ownership, in which the owner uses their week every other year. Typically, EOY ownerships are designated as "even" or "odd", referring to the last numeral of the year.
ROFR = Right of First Refusal, which is a clause written into many, but not all, MVCI timeshare contracts, giving Marriott the right to examine each subsequent sale of it's timeshare intervals and determine whether they wish to purchase it/them at the agreed-upon sales price. This helps support the pricing structure of the resorts, as well as can be profitable for MVCI. The trick is determining how low you can go on an offer without Marriott exercising ROFR.
Interval or week = a measure of timeshare ownership. Most ownerships relate to "weeks", with Marriott anyway.
Deeded = A timeshare deeded much as normal real estate is deeded
RTU = Right to Use. Some Marriott timeshares only convey the right to use the facility for a specified period of time, after which there is no expectation of further use, but sometimes might still be.
MVCI = Marriott Vacation Club International. This is who operates the Marriott timeshare business. Link to MVCI owner's home page
II = Interval International, an exchange company with whom Marriott contracts for their intra-system exchanges. Web site link
MR points (or MRP's) = points one earns and receives when participating in the Marriott Rewards Points system.Link to Marriott Rewards Often given as incentives for developer timeshare purchases and sales presentations.
MF's = Maintenance Fees one pays each year to maintain and utilize their timeshare interval. Billed by MVCI and can be paid by credit card online. Owners currently get 3 MR points for each dollar paid with the MR VISA. Typically, fees become due and payable early in the year.
Resort Designators, like MGC, NCV, etc. = Three letter identifiers for the Marriott timeshare resorts. Over time, one learns them, or at least some
Resale = a previously sold interval (week) of timeshare ownership purchased from a number of sources, which can include the original resort or MVCI.
Developer = The selling resort or MVCI. Buying these intervals is generally considered buying "new".
Floating interval "season" = a period of time in which an owner "owns" their interval(s) and during which they can reserve them each year, or other year. Generally, a floating season is for a period of months, sometimes with specific days excluded. Typically, at a Marriott resort where ownership is deeded, the purchase documents will indicate a specific week and unit number for deed purposes. This in no way limits the owner to any specific unit (though perhaps a "view", if so purchased) or specific week of their "season".
Fixed interval = a specific period of time which the owner purchases, generally a week. This week is taken at the same "time" every year (or perhaps every other year), and is designated by the week's "number" on a chart for each year.
EY = every year ownership, in which the owner uses their interval week once per year.
EOY = every other year ownership, in which the owner uses their week every other year. Typically, EOY ownerships are designated as "even" or "odd", referring to the last numeral of the year.
ROFR = Right of First Refusal, which is a clause written into many, but not all, MVCI timeshare contracts, giving Marriott the right to examine each subsequent sale of it's timeshare intervals and determine whether they wish to purchase it/them at the agreed-upon sales price. This helps support the pricing structure of the resorts, as well as can be profitable for MVCI. The trick is determining how low you can go on an offer without Marriott exercising ROFR.
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