Hi there, I have a timeshare with Club la Costa, I’m unhappy with them so I reached out to a Claims management Company that after looking at my contract told me I could claim against them in the Spanish courts because my contract was in perpetuity…what does this mean?
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Dear Stacey,
The literal translation is “for ever” and some Timeshare contracts were sold “in perpetuity” in the days when Timeshare sales groups were pushing the idea that, along the lines of property, Timeshare was a long term purchase, which should be protected for you and your family so no-one could take it away. How times have changed!
This means that, if your Timeshare contract was sold “in perpetuity”, the intention is that it would stay in your ownership for the whole of your life, then pass on to your children, then your children’s children and so on.
It is likely that this was put forward as a benefit when the salesman was presenting the timeshare opportunity to you – but you will no doubt be fully aware of the downside now that you and your family face the prospect of relentlessly escalating fees liabilities, for ever.
There are some intricate legal and technical considerations around perpetuity which we would be impossible to fully explain in a few lines on the website so, if you have concerns or questions, please contact us.