Timeshare Lease Law and Legal Definition

Timeshare lease refers to a type of lease in which the tenant's right to possession is not for a single continuous period but rather. Such an arrangement is most common with holiday properties. Generally, timeshare units will have a living area, dining area, kitchen, and sleeping accommodations which are completely furnished. A time share shall specifically state the term of occupancy for every year during the term of the Lease. It shall also specify the check-in and check-out time.