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DO YOU HAVE A QUESTION ABOUT YOUR TIMESHARE OWNERSHIP?
DO YOU HAVE A QUESTION ABOUT YOUR TIMESHARE OWNERSHIP?
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What is a point system?
Dear Peter, Timeshare points are an increasingly popular alternative to owning a traditional, fixed-week of timeshare. Rather than owning the right to occupy a pre-determined sized unit within a particular resort, members of points-based timeshare clubs own a set amount of annually allotted units (gRead more
Dear Peter,
Timeshare points are an increasingly popular alternative to owning a traditional, fixed-week of timeshare. Rather than owning the right to occupy a pre-determined sized unit within a particular resort, members of points-based timeshare clubs own a set amount of annually allotted units (generally known as points).
The Point is the “currency” in which the value and price of the vacations at the point system resorts are established. Within the Club, each complex, each accommodation unit and each season have a value in Points; so you do not pay for your vacation with money but with the Points you have.
Instead of having a weekly participation in a specific resort and season, resort members will have points to reserve nights in the resorts of the contracted club, many of them supposedly spread around the world and with various travel and stay options.
The problem is that all of this is always subject to availability at the Resort’s discretion, therefore, when you try to book a desired vacation, the resort usually responds that everything is busy on those dates or that you do not have enough points to enjoy the chosen destination… Any timeshare still has availability restrictions and limitations, so you do not have complete freedom to plan your vacation.
I hope this answer will enable you to fully understand how points work. Should you have any further questions please don’t hesitate to contact us.
See lessWhat will happen with my timeshare if I die?
Dear Stacey, I am sorry to hear about your health, I also understand that when you have health issues, you do start to think of things like this. To answer your question, when a timeshare owner dies, the timeshare becomes part of the estate and the inheritors become the new owners and they are obligRead more
Dear Stacey,
I am sorry to hear about your health, I also understand that when you have health issues, you do start to think of things like this.
To answer your question, when a timeshare owner dies, the timeshare becomes part of the estate and the inheritors become the new owners and they are obligated to take over the timeshare fees. If the timeshare is unwanted, they will not be required to pay the fees.
Since old timeshare contracts typically include “in perpetuity” clauses, owners can be tied to these for life and they are then passed to next of kin. The “in perpetuity” clause basically means no end date. In Spain “Perpetuity” contracts are illegal and a lot of the timeshare resorts still active, do not have this clause in new contracts anymore but there are thousands of old contracts that still do. Check your contract and see if you have an “in perpetuity” contract or not.
In summary I don’t think you need to worry as they cannot be forced to pay the fees if it is unwanted.
Should you want further clarification, please don’t hesitate to contact us.
See lessWhat is an Exchange?
Hi John, I understand your frustration, COVID-19 has put a huge struggle on availability at timeshare resorts. To answer your question in simple terms, this means you can trade your week at your resort with another timeshare owner's week at another resort. RCI and Interval International are commonlyRead more
Hi John,
I understand your frustration, COVID-19 has put a huge struggle on availability at timeshare resorts.
To answer your question in simple terms, this means you can trade your week at your resort with another timeshare owner’s week at another resort. RCI and Interval International are commonly known as companies who offer exchanges.
The problem with exchanges is that the availability at other resorts is hard to find as each resort will prioritise the owners who purchased at that resort over an exchange client. I hope you have some success at finding availability, best wishes.
See lesswhat are maintenance fees used for?
Hi Sarah, I'm glad you are looking out for your mum. For many people money is tight for them. To answer your question, Maintenance fees are used for the upkeep of the resort, renovations, employee wages and marketing. Maintenance Fees are collected from all current owners and must be paid whetherRead more
Hi Sarah,
I’m glad you are looking out for your mum. For many people money is tight for them. To answer your question, Maintenance fees are used for the upkeep of the resort, renovations, employee wages and marketing. Maintenance Fees are collected from all current owners and must be paid whether the owner uses it or not. I hope this answers what you wanted to know.
See lessWhat happens if I stop paying maintenance Fees?
As your case is of financial circumstances due to COVID, we do recommend contacting your resort initially so you have done the right thing by contacting the resort initially to see if they can offer you payment assistance such as payment plan. If your Aunt is unable to pay anything, here are a few tRead more
As your case is of financial circumstances due to COVID, we do recommend contacting your resort initially so you have done the right thing by contacting the resort initially to see if they can offer you payment assistance such as payment plan.
If your Aunt is unable to pay anything, here are a few things that could happen.
If she stops paying her maintenance fees completely, you risk her resort initiating debt collection procedures against her. They may also hire a Debt Collection Agency. If she does not keep up with her payments, she risks the chance of receiving a County Court Judgement (CCJ) or even worse a visit from a Bailiff. If she has no choice but to stop paying maintenance fees to use the money for essentials such as food and utilities, our advise is to always speak to an independent legal professional first. An independent legal professional would be able to ascertain if the contract could be cancelled.
See lessIs Timeshare an Investment?
Dear Maddy58: Honestly, due to the speedy and evolution of new technologies and constructions, a property 10 years ago or more does not have the same windows, kitchen, technology and functionality as a new and current property, which not only does not makes it functional but unappealing. TimesharesRead more
Dear Maddy58:
Honestly, due to the speedy and evolution of new technologies and constructions, a property 10 years ago or more does not have the same windows, kitchen, technology and functionality as a new and current property, which not only does not makes it functional but unappealing.
Timeshares do not have an active secondary market, which makes selling them very difficult to carry out, it is a difficult investment to liquidate, much less obtain a revaluation….
In addition, you have to bear in mind that timeshare contracts include agreements related to the week to be used and even the dates, so it is difficult to sell or rent them since not everyone has absolute availability.
You also have to take into account the cost of the maintenance fees, as they will always be charged, whether or not the timeshare is used. Why commit to making a monthly or yearly payment for something your kids may never use?
Not to mention the financial issue, because we do not know what will happen tomorrow and this type of contracts “trap” the consumer, in such a way that he/she is forced to always invest money, despite having other priorities in his life and even serious needs.
At Timeshare.lawyer we have the necessary and legal knowledge to advise you before purchasing a timeshare; o if you already have one, we could cancel the contract, so if you want more information, do not hesitate to contact us; Please do so by completing the contact form in this website and we will respond once we have reviewed your question.
See lessCan I Sell My Timeshare with Club la Costa?
Dear John, Quite simply, whether or not some sort of buy-back option was loosely promised to you in the past, it is not in the interest of the Timeshare Group/Resort to take your Timeshare back from you. If they did this, they would effectively be “letting you off” the Maintenance Fees that you woulRead more
Dear John,
Quite simply, whether or not some sort of buy-back option was loosely promised to you in the past, it is not in the interest of the Timeshare Group/Resort to take your Timeshare back from you. If they did this, they would effectively be “letting you off” the Maintenance Fees that you would otherwise be liable to pay over the rest of your contract term, which may well be worth tens or even hundreds of thousands of pounds to them.
It is also important to remember that Timeshare is an abstract concept, and is now even more so than it was in the past, as many people have been moved over to points schemes, fractional ownership, floating weeks and similar variants. This means that, to create a new Timeshare contract to sell to a new member is purely a matter of raising some paperwork, as the Timeshare Group/Resort do not need to have a timeshare that they have taken back from you or another member “in stock”. They can just sell a package of points to the new member and add to the over-subscription.
So if you are one of those unfortunate people wondering, how can I get rid my timeshare? We want to convey that the most effective way to get rid of your timeshare is by cancelling the contract. Cancelling a timeshare has many advantages, but the best thing is that once you cancel your contract, you will have no more financial responsibilities associated with the resort.
At Timeshare.lawyer we have the necessary and legal knowledge to cancel a timeshare contract, so if you want more information, do not hesitate to contact us.
See lesswhat are maintenance fees used for?
Dear Mrs. Sarah, In a nutshell, maintenance fees are collected by timeshare companies for the purpose of covering the costs of maintaining the assigned property and the resort's common areas (such as cleaning, pool and children area maintenance), paying taxes and refurbishing the property.
Dear Mrs. Sarah,
In a nutshell, maintenance fees are collected by timeshare companies for the purpose of covering the costs of maintaining the assigned property and the resort’s common areas (such as cleaning, pool and children area maintenance), paying taxes and refurbishing the property.
See lessWhat Does In Perpetuity Mean?
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 cRead more
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.
See lessNo Win No Fee claims
Dear Nicola, There are different solutions if the timeshare owner does not want to go to a lawyer for advice and legal knowledge, but most of them are not viable because the Resort is not interested in the owner leaving. In addition, there are many scam companies that want to deceive clients into beRead more
Dear Nicola,
There are different solutions if the timeshare owner does not want to go to a lawyer for advice and legal knowledge, but most of them are not viable because the Resort is not interested in the owner leaving. In addition, there are many scam companies that want to deceive clients into believing that they can get rid of their timeshare very easily, however, in the end, they end up scamming the client, making them pay a large amount of money supposedly to “achieve that end”, but they never manage to compensate them.
Our experience has shown us that the most effective solution to get rid of a timeshare is to cancel the original contract.
Every claims company has a way of charging its clients, some companies will charge up front while others will give facilities with installment payments or even payment at the end of the litigation.
When you need the services of a lawyer, you go to his office for legal advice and that advice and legal knowledge has a cost. This is the same. You hire the services of a company formed by lawyers specialized in timeshare to request the nullity of your contract with a resort. You pay for the service they provide once they have explained to you the payment schedule and the ways the company has in terms of collection, because as I said, not all companies are the same.
What is true is that everything costs. As an example, do you go to the doctor and do not pay for the consultation?
A judicial process of nullity of timeshare costs approximately one third of the amount of the purchase price of the contract to be annulled.
The court fees depend on each case and especially on the amount claimed.
In addition to the nullity of the timeshare contract, it is also possible to contract the nullity of the loan provided by the marketing company that sold you the week. Not all these credits are annullable, that is why a study by an expert eye is necessary.
It must be said that these fees usually include all costs, fees and attorney’s fees. Once you hire the services, it is necessary to collect all the documentation and cover the costs of mailing, photocopies, formalities. Please note that claims can only be submitted in originals. In addition, you must make a power of attorney in the name of the lawyer and attorney assigned to you.
During the nullity proceedings you may also have to cover other expenses such as court fees, preliminary hearings, trial attendance, out-of-court negotiations…
All these expenses of the procedure must be borne by one of the parties, without depending on the outcome of the procedure, since costs, knowledge and time have been invested. Therefore, I ask again, if you go to the doctor and he does not find out where your pain comes from, would you pay for his services?
In timeshare.lawyer we have very good prices to help you with all the problems you have regarding your timeshare, so do not hesitate and contact us for a no obligation quote. Do it by filling out the contact form on this website and we will get back to you once we have reviewed your query and studied its feasibility.
See less