The travel bug has bitten you and you’re ready to head out for several months in a bid to see much of the world. Your plans have you traveling across five or six continents and you’re not about to rush your way from destination to destination.
A timeshare describes jointly owned property that is typically used as a vacation home and allows the owners to use it at certain times of the year. Timeshares rose in importance in the 1970s and have been part of the US vacation fabric since then.
Tenants commit to an apartment, typically by signing a lease for a one-year term. You are obligated to continuing to pay rent until the lease is up when either you or your landlord may renew it, cancel it, or allow it to go to month-to-month terms.