A timeshare resort that has both whole unit owners and timeshare owners is known as what?

Study for the Timeshare License Test. Prepare with flashcards and multiple choice questions, each with hints and explanations. Master your exam!

A timeshare resort that has both whole unit owners and timeshare owners is referred to as a mixed-use resort. This term denotes the integration of different types of property ownership within a single development, allowing for varied use and ownership structures.

In a mixed-use resort, the presence of whole unit owners—individuals who own the property outright—alongside timeshare owners, who typically share ownership for specific time periods, creates a diverse ownership portfolio. This setup can provide opportunities for various rental arrangements and user experiences, catering to both short-term and long-term guests.

Other terms, such as dual-ownership or split-use, may suggest a more rigid classification of ownership rather than the flexible and varied usage typical in a mixed-use environment. A single-use resort would imply that all units are managed in the same way, which would not accurately describe a scenario with both whole ownership and timeshare arrangements. Thus, mixed-use is the most accurate descriptor for the coexistence of these two ownership types in such a resort.

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