0 a holiday house or apartment that is owned by several different people who each use it for a particular period of the year:
We bought a timeshare in Florida.
timeshare holidays/property/developments
1 a house or apartment that is shared by two or more owners, each with the right to live in it at different times of the year, or the legal arrangement for sharing the property:
I accept that many people enjoy their timeshares.
Such people enjoy their timeshares and wish to keep them.
The whole area of timeshares requires to be addressed in legislation.
Timeshares are used like holiday cottages, but occupied all year round by different people.
The old, pensioners and the inexperienced are often pressurised into taking out timeshares which all sides recognise that often they cannot afford.
Surely that would not be the case if thousands of individuals and their families were not happy with the timeshares that they had purchased.
They could then tow it to the place that they wanted to holiday at, because, unlike timeshares, one can go from one place to another.
The demands are often rudely termed, with threats being made against those who own the timeshares.
