Last week our largest victory was against Club la Costa, with the monies awarded totalling £27,890. This judgement is based on the law 04/2012 which led to the nullity of the contract. This means the agreement did not contain sufficient detail, was found to be in excess of the legal time period and was mis-sold as a property investment.
The legal team also had two victories in court against Tasolan, both heard in San Bartolomé de Tirajana Court. The victories accumulated to £11,643 in monies awarded.
In addition to this, we obtained a favourable judgement against Ecomar & Leisure Dimensions, the clients were awarded £6,797. As well as a favourable judgement against Infiniti Resort Sales for £3,600. Both of these judgments were made by default as the opposing parties did not respond. They were both based on the legal grounds of the contractual agreements exceeding the legal time period and the object of the contracts not having been described properly.
During 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.”