FOLLOWING on from this week’s biggest financial victory in a dispute over timeshare property, there are two more substantial settlements for British couples in the Spanish Courts.
Only days after Malaga based M1 Legal won an award of 365,000 Euros for a Southampton couple, they have secured two more victories.
Both cases are against Club La Costa although the contractual name used was Paradise Trading SLU. In both cases, Paradise Trading SLU stated they were not a contractual party and merely representing Club La Costa Resorts Development Limited as a Sales Agent.
The judge ruled that if they have the power to end a contract, and in charge of collecting money for the purchase price and to add pressure to the client for non-payment then they are liable as a contractual party. Furthermore, both contracts are deemed null and void and did not comply with minimum legal requirements.
It was irrelevant that Paradise Trading SLU does not issue the membership certificate.
Mr & Mrs Kelly of Worcestershire were awarded £26,728.20 plus legal fees and another client who wants to remain anonymous was awarded £10,755 plus legal fees.
Club La Costa are aware that there are in excess of 100 cases in court and in addition, M1 legal is preparing a further 165 cases for submission.
We are pleased to inform you of the recent Spanish court victories. M1 Legal secured <...
Read moreDuring the Timeshare sales boom of the 80s & 90s, potential buyers were lured in by the promise of affordable exotic holidays, flexible exchange programmes and the impression that Timeshare would be a valuable "investment".
In an industry with little or no regulation, high pressure sales tactics were rife and contract smallprint was often glossed over and explained away by sharp salespeople.
Many Timeshare buyers were therefore unaware that they were actually making significant, long term financial commitments on behalf of themselves and their families.
To find out how you can escape the Timeshare Trap please complete the short Timeshare Release Wizard now.
For many Timeshare owners, annual maintenance fees were barely considered token amounts in the early "honeymoon period" of ownership.
However, year-on-year increases imposed by the resorts over time now mean that the maintenance fees have risen to become substantial sums.
Owners are also facing the prospect of ongoing yearly fee increases and realising that they (and their families) are often committed to long term contracts for generations to come.
Please try our Future Fees Calculator to estimate your liabilities over the term of your Timeshare contract, based on an annual increase of 7.5%.
If you're concerned about rising fees and how to escape the Timeshare Trap, please contact us today.
Recent comments from RCI Timeshare owners who have come to us for help with contract cancellation:
“We 'swapped ‘another place in Tenerife for this in order to move to the points system. Since then, getting exchanges to desirable resorts proves almost impossible, irrespective of in-season or off-season.”
“I purchased my timeshare in 1999 and have been a timeshare member ever since. More often than not, I have not be able to go where I wanted and have ended up giving a few weeks to Friends, etc to book somewhere they wanted in order not to lose the weeks. I have then stayed in a hotel!! I am desperately trying to get rid of the timeshare and am now paying Timeshare Shop in Manchester to get rid of it for me.”
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