Timeshares may also be condominiums but are not always—it depends on how they are owned.

Timeshare buildings not in the condominium form of ownership are ineligible for the RCBAP.

Timeshare buildings in a condominium form of ownership in jurisdictions where title is invested in individual unit owners are eligible buildings, providing all the other criteria for a residential condominium building are met.

As with all residential condominium buildings, to be insured under the RCBAP, 75% of the total floor area within the building must be residential.