The distinction seems to be that there are two flavors of timeshare: shared deeded ownership and shared lease ownership interest [1]. The second one (leasing)

The distinction seems to be that there are two flavors of timeshare: shared deeded ownership and shared lease ownership interest [1]. The second one (leasing) is just the "right to time" and a separate company owns the property. Pacaso is more like the first variant, except the company argues that they don't sell time (they sell 1/8th shares, while a regular time share might have split up deeded ownership into 52 shares where each gets you a week). I would assume the law in St Helena deals with both classes of timeshare structure. Pacaso's argument then boils down to 8 != 52 (loosely). That's not a convincing argument for "we're not a timeshare". Edit to add: the one wrinkle is that many buildings in San Francisco and New York are co-ops with a similar "you actually buy shares not the unit" structure. But even then, a single housing unit isn't divided. (And to be clear, I'm not taking a position on the rights or wrongs here, I was just curious to remind myself what the "definition" of a timeshare was) [1] https://www.nolo.com/legal-encyclopedia/buying-timeshare-pros-cons-form-ownership.html https://www.nolo.com/legal-encyclopedia/buying-timeshare-pro...