Timeshare is the process by which a piece of land or property is allotted to a particular group of people. This kind of property usually refers to a resort unit where the ownership is transferred from day to day. Primarily because of this, there has to be an effective way of dividing the property. There can be no exact transfer of property to one person mainly because there is an entire group of people through which the property passes. Initially the whole concept of time -share came up in…