A timeshare is a type of vacation property ownership where multiple individuals share the right to use a property, typically a resort or vacation home, for a specific period each year. Owners purchase a fraction of the property, allowing them to enjoy it for a designated time, often one week annually. This arrangement can make vacationing more affordable and accessible. Timeshares can be structured in various ways, including fixed weeks, floating weeks, or points systems. In a fixed week arrangement, owners have the same week each year, while floating weeks allow for more flexibility in choosing dates. Points systems enable owners to use points to book different properties or times, providing additional options for vacationing.