Fee Simple

A manner of owning land in one’s own name, free of any conditions, limits, or restrictions.

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Fixed Unit

Purchasing a fixed unit assures the owner usage of the same physical unit each year he/she vacations at the resort.

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Fixed Week

Purchasing a fixed week property assures the owner usage of the same week on the interval calendar each year.

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Floating Unit

The owner of a floating unit might have to stay in a different physical unit each year. Interval owners may request a specific unit and, if available for that particular week, the resort will normally honor the request.

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Floating Weeks

Owners of floating weeks don’t vacation over the same interval week each year. These plans have specific guidelines at each Resort.

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Grantee

One who receives possession or title by a deed.

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Grantor

One who grants possession or title by a deed.

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Interval

An assigned period of time. Based on the interval calendar wherein the fifty-two weeks of the year are numbered.

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