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A timeshare is usually a form of vacation property. Instead of buying a vacation home that you can't use for most of the year, a vacation timeshare allows families to purchase a fractional share in a vacation property. The shares purchased could be one week per year (i.e. 1/52 share) or more. Some timeshare resorts now offer one week every other year or a 1/104 share. Many timeshares offer four weeks per year which is a 1/13 share. Some timeshares are sold as fractional ownership in a trust that owns one or several resorts.

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