* Duration of timeshare contracts are from 3 to 50 years. Once the period expires, holders of rights will not have right to any compensation.
* Timeshare rights can never be sold under the world " ownership"
* The infomative document that the seller of timeshare rights need to provide to buyers needs to contain:
- Name and addredss of seller/s
- Legal qualification of rights sold with clear mention of the date when rights will be extinguished
- Description of building and building status
- Commun services and building stage of the same
- Name of management company
- Standard price, higher prices, obligatory charges and taxes, yearly expenses, management fees..
- Explicit mention of no extracharges than those included in the contract.
- Number of dwellings and turns
- Full information on cancellation rights and their procedures
- Full description, processes and rights if exchange program exists
- Full descriton, processes and rights if cession of rights is possible
* The seller will inform the buyer of all organisms where they can obtain information on their rights: Consumers offices, Notaries, Land Registries...
* Publicity of timeshare schemes will always include full information on the scheme registered in the Land Registry and a warning to check this registry before contracting
* All furniture included in the units will be listed
Part one of this serie here
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Chiclana, Costa de la Luz, Cadiz, Spain by Lucia Lence at Flickr.com