A time share is a joint ownership of real estate, such as a house, condo, or apartment that allows each owner a specified amount of time for occupancy. The theory is that time share ownership will be more cost effective for all involved.

Time shares can be an attractive option because they allow everyone to have a piece of a vacation home without having to pay for ownership year-round.
Typically, you only pay for a set amount of time each year. This can range from a few days to several weeks. To keep costs even lower you can find a time share that gives you less access.
Maintenance of the facility is shared amongst all owners.