Welcome to the Latest TCA News Bulletin
Escaping Your Timeshare and Maintenance Liabilities for Good
In this ever changing world we find it rather odd that where legal contracts are concerned most have clauses relating to cancellation, not so for the majority of timeshare contracts. Life’s circumstances change over time and sometimes we need reassess our priorities. With the exception of a small number of resorts and management groups, it s impossible to ascertain how to exit a timeshare or even if it’s possible! The self appointed governing body for European timeshare the “Resort Development Organisation (RDO)” has in the past flagged up the need for member resorts to publish their owner exit strategies, thus far this does not seemed to have happened. A publication was issued by the RDO in 2013 which stated:
“The following requirement was adopted by the RDO Board in June 2013:
- That in the event of the death of an owner and subject to the management fees being up to date, RDO members will give the beneficiaries of the deceased member, including spouse/partner and children, the option entirely at their choice either to take on the timeshare ownership or to surrender it without any form of penalty.
- That in the event of bankruptcy, RDO members will, on the submission of appropriate written evidence on the part of the owner, permit the owner to relinquish their membership/ownership certificate.”
Not a lot of help for the average owner here. The RDO website has a page dedicated to exiting but again it is of no real help.
This article says volumes about avoiding scams but fails to address the real problem.
The Canal Boat Club clearly inform their owners that if you wish to cancel their timeshare agreement there is a single fee of £150. Now we are not suggesting that every resort follows this route, but wouldn’t it be nice as an owner if you knew that; a) you could get out if you wanted to and b) how much it will cost.
Without contractual clauses many owners are stuck owning something that they no longer want or can afford. Remember, for everyone who makes a lock, someone will always make a key so it is possible to exit an unwanted ownership, despite little or no assistance from the resort. If you feel trapped in an unwanted timeshare, all is not lost, please contact us and we should be able to assist you with finding your key.
Please also view the following articles found on our website that relate to this subject:
Winners & Losers
In our previous edition we touched on timeshare compensation claims. In this section we are happy to promote some of the fantastic successes that were achieved through the courts in July 2020 by those wonderful lawyers who endeavour to seek justice for the hundreds of thousands of timeshare owners who were miss-sold or misrepresented by their resorts or management companies.
Timeshare Know How
If you have any news or topics of discussion relating to timeshare or long term holidays ownerships that you wish to share or accordingly if you would like us to investigate a company or product, please feel free to email us at: firstname.lastname@example.org
The Chaos continues for Timeshare Owners with France, Malta, Netherlands, Monaco, Turks and Caicos and Aruba added to the growing list of Countries where UK quarantine measures are imposed. Eurotunnel are fully booked and bosses have warned that the Le Shuttle train hasn’t “got the space to take everybody. They warned that holidaymakers who don’t have bookings not to travel to the terminal in Calais.
Another measure announced by the Spanish government this week was a blanket ban across Spain on smoking in public if a two-meter distance cannot be observed. The regions of Galicia and the Canary Islands have already introduced such a measure.
It is estimated that 10 million Britain’s visit France every year and with the existing quarantine rules already imposed on holidaying in Spain and the huge number of rising COVID-19 cases in America, serious questions are being asked about the benefit of owning and maintaining a timeshare that is becoming now near impossible to use.
Needless to say this has caused a significant increase of consumers contacting the TCA, many of whom seeking for help and advice with regards to legally cancelling their timeshares. If you are at all worried about the current British government extension on quarantine rules and would like to know what your options are as a timeshare owner, please get in touch with us.
Kind Regards – The TCA Team
THE ABOVE ARTICLE DOES RAISE A LOT OF QUESTIONS ABOUT WHAT TO DO WITH YOUR TIMESHARE. IF YOU HAVE ANY QUESTIONS PLEASE DON’T HESITATE TO CONTACT US ON OUR FRIENDLY LIVE CHAT OR EMAIL US AT INFO@TIMESHARE.LAWYER