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Timeshare Q&A General questions about timeshares.

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Old Wednesday, July 25th, 2007, 08:31 PM
lll1929 lll1929 is offline
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Default Deed vs Lease

I just purchased my timeshare from Marriott andI was told that the purchase is a Lease for 60 plus years. Are all timeshares in Aruba LEASES? If so, what happens at the end of the lease?
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Old Wednesday, July 25th, 2007, 08:35 PM
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dwippies dwippies is offline
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Default Re: Deed vs Lease

no, not all are lease. costa linda and many others are deeded. i am not quite sure what will happen at the end of 60 plus years. there are quite a few marriott owners on this board so you will get a good answer.

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Originally Posted by lll1929 View Post
I just purchased my timeshare from Marriott andI was told that the purchase is a Lease for 60 plus years. Are all timeshares in Aruba LEASES? If so, what happens at the end of the lease?
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Old Thursday, July 26th, 2007, 07:24 AM
ARUBA777 ARUBA777 is offline
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Default Re: Deed vs Lease

I Was Told That When You Lease; At The End Of The Lease Period The Timeshare Reverts Back To Ownership(divi, Marriott, Etc) Where As When You Have A Deeded Timeshare The Government Can Buy It Back At Marketvalue When Your Years Are Up Or It Remains Yours.
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Old Thursday, July 26th, 2007, 08:42 AM
lll1929 lll1929 is offline
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Smile Re: Deed vs Lease

thanks for that explaination. I haven't closed yet but I think I have a DEED versus lease. My agent did explain that at the end of the years, it would remain or be brought by the govt at marketvalue or above. Awesome.
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Old Thursday, July 26th, 2007, 08:53 PM
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qlaval qlaval is offline
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Default Re: Deed vs Lease

Marriott's are NOT Right to use (or lease if you prefer)
They are certificate of ownership that are subject to the lease of the land.
If the land lease is not renewed then the building will be sold to the government of Aruba at the market price and the money will distributed to the TS owners.
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