We have had a timeshare for 42 years, And the freeholder has written to us saying that he has sold the complex and we will receive an amount calculated by him based on the amount he has agreed to sell it for to a private consortium less 31% for all of the dealings costs involved.
He has built up a controlling stake of unsold weeks in the complex and proposes to send us out a waiver to sign relinquishing our rights of ownership in exchange for a sum that he thinks is a fair price for our apartments.
Is this legal?
Mrs S Townsend-a06Subscriber
Freeholder Sold my timeshare. what can I do?
Share
1 Answer
You must login to add an answer.
Dear Mrs Townsend,
In order to advise you further, we would need a full review of your timeshare documents and history to see what you have signed, what you own etc. We can then study further to identify your rights as a timeshare owner under the resort jurisdiction where you have purchased. For more information, feel free to contact us: UK 0800 520 2322 / International +800 5202322 or use our friendly online chat.