OSK Trustees Berhad
OSK
HOME CONTACT US FAQ SEARCH
 
Unit Trust Fund
Club / Associations
Time Sharing
Retirement Funds
Stakeholder Funds
Sinking Funds
Private Debt Securities
Real Estate Investment Trusts (REITs)
 
 
AGENT LOGIN  >>
   TRUSTEE FOR TIME SHARING SCHEMES
 
 

By purchasing timeshare packages, timeshare owners become vacation club members who enjoy the right of staying at participating resorts for a specified period every year. In time sharing schemes, the appointed trustee plays a crucial role in ensuring that the rights and interests of the timeshare members are protected and the timeshare management company exercises due diligence in carrying out its duties. The duties of the trustee are provided for in a trust deed and include ensuring that the number of timeshare intervals available for sale is in proportion to the accommodation available. The trustee is also responsible for receiving membership fees into the trust account and releasing monies to the timeshare management company in accordance with the provisions of the trust deed.