Timeshare Laws Are There To Help You

There has been a lot in the press recently about different timeshare companies in Europe being taken to court due to unscrupulous sales tactics and contracts containing illegal clauses. This is because more and more timeshare owners are becoming aware of the timeshare legislation that was put in place in 1997.

The Directive (2008/122/EC) gives timeshare owners an enhanced level of protection. Key elements of the Directive are; a 14 day cooling off period for people purchasing within the European Union, a ban on paying anything upfront, meaning nothing can be paid during the cooling off period Not only should contracts and all other supporting documents be accurate and honest the contract must also be provided in the language of the buyer (as long as it is an official language of the EU). Another huge advantage to timeshare owners is that the Directive also states; no timeshare contract can be for more than 50 years, so contracts containing a perpetuity clause have been deemed illegal.

This is great news for timeshare owners in the EU. Many are using these laws to help rid themselves of unwanted timeshares, but what help is there for people owning timeshares in different countries?

Owning timeshare in America can be tricky as each state has its own set of rules. There doesn’t seem to be a ‘one size fits all’ policy, so its always advisable to to look into the laws of the state you are looking to purchase before signing on the dotted line. Some states have a 5 day cooling off period while others have 10 days. There are 4 states that currently have no specific timeshare laws, rules or policies – Alaska, Kansas, Vermont and Wyoming. This doesn’t mean that nothing can be done, it may just mean that certain aspects of timeshare can be covered by a Consumer Act instead.

“More people are looking to exit from there timeshare agreements for a variety of reasons and we feel people have the right to know the timeshare laws are there to benefit them. We are here to help people in this situation. It shouldn’t matter what country they purchased their timeshare, help is available.”
Mark Rowe, Founder. Timeshare Compensation

As of yet there are currently no timeshare laws in place in Dubai, Thailand or South Africa. However, all these countries are in talks with their governments to hopefully reach an agreement by the end of this year. Both Thailand and South Africa have been having discussions since early 2017, so things are definitely looking promising for timeshare owners in the near future. These 3 countries may have no specific timeshare law in place but aspects of timeshare are covered by Consumer Protection Laws.

“Even if the country you own you timeshare in does not have a timeshare law in place, there may be something that can be done. It is always best to seek advice and find out. We don’t want anyone to feel they just have to put up with the situation”.
Mark Rowe, Founder. Timeshare Compensation

Call us today on 0800 046 5855 for further information about relinquishing your timeshare.

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