ATHOC

What is a timeshare PDS?

A product disclosure statement (PDS) is an important document that every prospective Owner/Member should read. Because timeshare is classed as a financial product, the Responsible Entity is required to provide a PDS to you whenever they recommend or offer Ownerships/Memberships. A PDS covers the fine details – how that particular Club works, who the Responsible …

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What are Developer Benefits?

Developer Benefits are extra features and bonuses that are not part of the Club and are sold with Ownerships/Memberships as incentives. They are typically offered during sales presentations, and can include discounted nightly rates, free cleaning and other extras. Because Developer Benefits are not part of the Club (and therefore not in the PDS), they …

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How do I buy timeshare?

If you’ve reached this point and you think that timeshare sounds like a good holiday option for you, it’s time to start looking seriously at buying. The first stage of purchasing timeshare is attending a sales presentation. You’ll typically be shown how the Club works, the benefits of joining and success stories from existing Owners/Members. …

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Is timeshare risky?

It’s smart to be cautious about any financial investment. The last thing you want is to pour tens of thousands of dollars into something, only for it to collapse and take your money with it. Luckily, timeshare Clubs have been developed to minimise the risk to Owners/Members as much as possible. Remember how we talked …

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What is a timeshare resort?

A ‘timeshare resort’ is just a property you can travel to as part of your Ownership/Membership. Sometimes, your Club will own the entirety of the property; other times, they’ll only have access to certain rooms. You can find out which timeshare properties a Club offers by looking for pages called ‘Resorts’ or ‘Resort Directory’ on …

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Useful Timeshare Terminology

Timeshare uses lots of complex language, which can be confusing if you’re not sure what it all means. Here’s a quick guide to the most common timeshare terms. Timeshare programmes are managed investment schemes often known as Clubs. Someone who has a beneficial interest in the Club’s net assets is an Owner or a Member. …

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