If you own a time share in an apartment you can also rent it out instead of using your allotted time. The big difference is when you rent out your apartment for the holidays you are renting something that you own. On the other hand, in a time share situation the property is actually owned by a number of people and you have designated periods of the year when you can use it or choose to rent it out.
Essentially, when it comes to renting out your apartment you have a lot more control of the situation. You can decide when you rent it, to whom and for how much. In time share opportunities you pay a set amount each year to use the property. If you want to rent it out during your designated time you can possibly make some money by doing so. However, there are usually fixed rates set for the rental price since the property is managed by someone else, such as a large corporation or a company.
One of the drawbacks of renting out your apartment is the responsibilities involved. You have to ensure everything is in order and that there is a support system in place in case something goes wrong. Your possessions are also in the apartment and there is always the chance something will get broken. In a time share situation the corporation or company that owns the property is in charge of its upkeep. They may charge you a certain fee for general maintenance but you don’t have to worry about organising any aspect of it.
Both situations have benefits and drawbacks that need to be considered before leasing.