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If you bought before they switched to points then the unit had a 40 year lease. I am guaranteed the same unit and the same week for 40 years. I can sell my lease and it's remaining years. This type of contract was considered "deeded".

I’m sorry they are not deeded they are fixed units meaning I stay in the same unit every year. I go 4 weeks in the spring and always stay in the same unit . I also go 4 weeks in the fall and stay in the same unit. When this topic came up I asked my salesman because he had initially said they were deeded but now he says they are not deeded but they are fixed units.