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Can I Convert My Apartment to a Timeshare Property?

I have an apartment that I rarely use and I’d like to know if I can convert it to a timeshare property. If so, how is the process?

  1. Bobby
    July 6th, 2011 at 08:57 | #1

    Timeshares must be properly zoned by the state. Your entire building would have to be converted to a timeshare in order for you to do it personally.

    I’d suggest subleasing your apartment if you are renting, or rent out the apartment if you own if you are looking to earn income from your apartment.

  2. bap32211
    July 6th, 2011 at 08:57 | #2

    i doubt it. Most of the time, you are just renting that apartment. The whole building or whatever belongs to somebody else.

  3. Steve D
    July 6th, 2011 at 08:57 | #3

    I assume by apartment, you mean condo or co-op. If not, then you would have to have the approval of the apartment owner, which I highly doubt you will get. If you have a Co-op, then you would need the agreement ratified by the Co-Op board – again, an approval that is highly doubtful. If you own a Condo, you will have to check two things – the Condo Association by-laws and covenants as well as the zoning laws in your area.

  4. Iffy
    July 6th, 2011 at 08:57 | #4

    No If you rent that is violation of your lease. If you own the apartment that is a violation of the by laws

  5. Niki Payne
    July 6th, 2011 at 08:57 | #5

    Since timeshares are basically condos, what you sound like you want to do is actually during your apartment (complex; I’m assuming you’re the owner) into condominiums. The first thing you’ll want to consider is location. If your apartment complex is located near any major attractions, beaches or densely populated areas, you might have a chance. The next step you’ll want to take is an apartment-to-condo make-over since condos carry a higher value than apartments do. Once you do then, then you can start marketing it to buyers as a condominium community, but you may want to check with city officials to make sure you’re legally allowed to do this; things to consider include location, floor plan, amenities, building code and legal issues that may prevent you from proceeding. For instance, you may need to have a firewall in each unit to meet building codes. According to one source, you can’t convert apartments that don’t have individual firewalls. Also, most condos have a homeowner’s association with them. The thing that people like about condos/timeshare properties is that they don’t have to worry about the maintenance like mowing the lawn or cleaning the pool and all that jazz.

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