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Re: RTU and DEED

A deed is that you actually own a piece of real estate, albeit just one week generally. And it goes on perpetually. With a right-to-use (RTU), you do not own it. All you really have is a contract to use it as you pay maintenance fees. They also usually have an expiry date. So an RTU contract might expire after 20, 30, 50, or even 99 years. Either way, the idea is the same. You have a contract to pay yearly (or biennial) maintenance fees for the right to occupy that unit for the week. And yes, there are some RTU contracts that stipulate that you only pay when you use. However, some of those have clauses that every five years, or so, you have to pay some sort of a renovation fee. Deeds and RTUs each have their pros and cons. One big plus (if you want to view it as such) for RTU is that, if you no longer want your contract, you can usually terminate it simply by stopping paying maintenance fees.