A special secured account used to hold funds from the buyer and seller related to the purchase of a property.

A document that provides the details of the purchase, including the breakdown of costs and distribution of proceeds.

A legal document that certifies ownership. Learn how to create a timeshare deed by clicking here.

Those costs associated with the closing process.

The final act of a real estate transaction signifying mutual acceptance of financial and legal matters indicated by the signing and recording of deeds and the disbursing of funds.

The assigned hour an interval week begins. The interval owner need not check in at the precise time; however, late check-in does not extend the interval week beyond the assigned check-out time.

The assigned date and day of week the interval week begins (usually Friday, Saturday or Sunday). The check-in day begins the seven-day interval week.

Features that add value to the property; such as swimming pools, tennis courts, golf courses or boating facilities.