A time sharing agreement is a real estate transaction created in order to share a property for a particular period, usually a property located at a vacation spot where one intends to visit regularly. There can be different types of time share agreements depending on how often you visit the place or when you go. If you use the property at the same time every season, it is better to get a fixed time sharing agreement. If you are not sure when you will be visiting the vacation spot in a year, go for a floating time sharing agreement which will allow you to use the property any time of the year provided timeshare is available then.
The agreement must clearly mention the fees, rent, bills or any amount to be paid for using the property. The cancelation terms must also be mentioned clearly as most time sharing agreements have a recession period of 3 days to 3 weeks where they allow you to rethink the terms.
[Also Read: Vacation Rental Agreement]
Sample Time Sharing Agreement
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