Re: The definition of timeshare -- Timeshare Victims Support Group

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Subject: Re: The definition of timeshare

Author:
sim

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Date Posted: Mon, Sep 19 2005, 3:17:25
In reply to: ccn666 's message, "The definition of timeshare" on Fri, Nov 21 2003, 17:59:56

Well this is the true definition of timeshare as shown on Merriam-Webster dictionary :

time-share /-"sher, -"shar/ : joint ownership or rental of a vacation lodging (as a condominium) by several persons with each occupying the premises in turn for short periods.

Nothing to do with bus, mrt, plane rides, studying in school & travel agents. You don't get to own or rental for lodging at any of these.

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[> Subject: Re: The definition of timeshare

Author:
sgwatchdog
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Date Posted: Tue, Sep 27 2005, 15:56:00

according to the CONSUMER PROTECTION (FAIR TRADING) ACT,

"time share accommodation" means any living accommodation, in Singapore or elsewhere, used or intended to be used (wholly or partly) for leisure purposes by a class of persons all of whom have rights to use, or participate in arrangements under which they may use, that accommodation or accommodation within a pool of accommodation to which that accommodation belongs;

"time share contract" means a contract which confers or purports to confer on an individual time share rights that are exercisable during a period of not less than 3 years;

"time share rights" means rights to use time share accommodation for a specified or ascertainable period, but does not include rights under a contract of employment or an insurance policy;

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