When it comes to dealing with a stressful financial situation, it’s not uncommon to feel alone under the burden of responsibility. However, being stuck with an increasingly unaffordable timeshare is one situation where owners really aren’t alone.

“Owners are really finding their voice now and speaking out against timeshare companies that are pushing through scandalous maintenance fee increases, or that used pressurised sales tactics to take money before the end of the cooling off period. With the courts backing owners in many recent cases, it feels as though the tide has finally turned in favour of long-suffering owners.”

Jodi Beard, Timeshare Compensation

In light of this, many families are trying to find out what their rights are in respect of exiting their timeshare contracts. The Spanish supreme court has played an instrumental role in this process. It has made clear three sets of conditions under which timeshare contracts can be considered illegal.

The first of these is contracts that last for more than 50 years. Known as ‘in perpetuity’ contracts, these essential lock owners in for life. Anyone who has signed such a contract has a good case for having it declared illegal and claiming compensation.

Contracts for ‘floating weeks’ products can also be considered illegal, based on the Spanish court’s rulings. Again, owners have a strong case for claiming compensation if they hold this kind of contract.

The third instance in which compensation may be due is if money was handed over during the cooling off period.

“The cooling off period is enshrined in law in order in order to give purchasers time to reflect on their purchase and – should they choose to do so – cancel it. Purchasers who cancel during this time can do so for any reason and will be entitled to a full refund. With timeshare contracts, if the timeshare company took money from the owner during that time, that will have invalidated the cooling off period and thus voided the legality of the contract.”

Belinda Rollins, Timeshare.lawyer

Eligibility for compensation plays a big role in many owners’ consideration of taking legal action to escape their timeshare contract. After all, taking a company to court is not a quick process and the time commitment can be costly. Owners need to find each and every record relating to payments made to their timeshare company. As such, using tools like the timeshare compensation calculator and accessing professional advice from companies such as Timeshare Compensation can make all the difference.

“Often, our work is about reassuring owners that they are not alone – that many other families are going through the same experience. Taking on a large corporation can feel like you’re biting off more than you can chew, but there are professional, reliable resources out there for families to access if they want to finally exit from their onerous timeshare commitments. All it takes is a single phone call to get the process moving.”

Jodi Beard, Timeshare Compensation

For more information, please visit www.TimeshareCompensation.co.uk, call 0800 046 5855 or email Info@TimeshareCompensation.co.uk.

Timeshare Compensation and Timeshare.lawyer are a trading names of Advanced Business Consultants Legal SL.

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