closing cost on selling a timeshare - Page 2

TSA_Staff · #11 (**permalink**) January 19th, 2006, 05:06 PM

The "lock-out" feature allows a large timeshare unit to be split into smaller sized units in order to use the the property in a variety of ways.

For example, a 2 bedroom lock-out can be use as either a 2 bedroom or two, 1 bedroom units. Also, when exchanging a lock-out with an exchange company like RCI or Interval, the exchange company will often give 2 weeks exchange for your one week lock-out unit

#12 (**permalink**) January 21st, 2006, 10:48 AM

With our lockout unit we are able to stay for 2 consecutive weeks if we only use half of the timeshare. We own a 2 bedroom, so we get an extra week of vacation if we only use 1 bedroom. We really like the flexibility and both sides of our timeshare have a full kitchen.

Shawn · #13 (**permalink**) January 26th, 2006, 01:40 PM

True, And the best part of owning a L.O. unit is its ability to cover its own costs by renting one side of the unit to cover the cost involved in with ownership of your unit.

Shawn

sunseeker · #14 (**permalink**) February 2nd, 2006, 02:42 PM

If I buy a two bedroom lockout and use half, can I bank the other half? Or will my exchange company not allow that. Must I either use the second half or rent it out instead of losing it.

#15 (**permalink**) February 3rd, 2006, 01:42 PM

Shunsneeker...

..Sorry I just had a 2 martini lunch...anyway you can bank your unused half of your lockout, rent it out or stay for two consective weeks if you use half of the time share unit. The versatility of a time share lockout makes it easier to use and give you a better vacation value with all the potential options.

rambutan · #16 (**permalink**) February 22nd, 2006, 11:38 PM

What about the personal side of lockouts? Do people find it is a little "too close for comfort" sometimes? It sounds like having a neighbor that is practically in your living room, I'm not sure I'd want that when I'm looking for privacy on vacation! Especially if they have annoying kids, watch loud tv, or have loud sex, parties, etc...

Has anyone else here stayed in a lockout while the other half was occupied? Any colorful stories, or would you just say it was fine?

rambutan

#17 (**permalink**) March 13th, 2006, 01:36 PM

Its just a door that locks from both sides of the timeshare unit and has its own kitchen, bathroom and entrance. Its nice to have if you need seperate living spaces for two families.