A timeshare is a kind of property ownership in which several people split up the rights to use a property for set times each year, usually for a week or two. By acquiring a timeshare, a person obtains the annual right to use the property for a predetermined period of time in return for an initial payment and recurring costs. Since the usage of the property is shared by all owners, it is a desirable choice for people who want to take advantage of a vacation house or resort but aren’t ready to commit to full ownership. For those looking for a regular holiday spot without the financial strain of owning a house they won’t use all year round, this arrangement is perfect.