- Asking price
- The advertised amount requested for an offer; it is not a completed sale or the total ongoing ownership cost.
- Resale
- An existing ownership interest offered for transfer to another party, subject to the applicable documents and transfer process.
- Rental
- An offer for specified use without necessarily transferring ownership. Verify dates, accommodation and written terms.
- Maintenance fee
- A recurring charge associated with the interest. Confirm the amount, period and any separate assessments.
- Season
- A program-defined usage period or category. Check the actual calendar and reservation rules.
- Banking and borrowing
- Program-specific ways to move eligible usage between periods. Deadlines, availability and limitations depend on the program.
- Right of first refusal
- A contractual process that may allow a designated party to act before a proposed transfer is completed. Ask whether it applies.
- Closing
- The documented steps used to complete an agreed transaction and any required recording or program transfer.
- Public listing
- An offer published for browsing; publication does not itself confirm current availability or reserve the interest.
Continue learning: Buyer guide · Costs and verification · Weeks and points · Glossary