The timeshare agreement is a contract signed between two parties – the “developer” and the purchaser. The developer builds properties to sell directly or through an agent, whether in their own right or acting for another party, while the purchaser makes a financial commitment towards his purchase.
When purchasing a timeshare unit you are likely to be asked to sign a contract, which you must have a copy of before signing. This is because you will have to abide by the terms in the contract when you want to use your timeshare property in future. The problem is, most people don’t read a lot of what they sign and when it comes to timeshare contracts the contents may seem daunting and too much bother to read properly.
The contract may state how many weeks in a year you have the use of your timeshare unit, any special privileges or rights you have and what happens when you want to sell it on. It is important that you understand the ins and outs of your agreement so that if things go wrong with your purchase there are no nasty surprises later on.
Read the contract carefully before signing, if there are areas you do not understand seek help from somebody who does know what to look for in a contract. If you decide after reading it that this is not for you, simply walk away and forget the whole thing – no-one will hold it against you or force you to go through with the purchase.
Timeshare Mis Sales Claims – What Are They?
When buying a timeshare product in the UK, you should always be informed about any legal issues that may arise in the future if your resort company goes bust or anywhere else in the world (especially when you are booking your holiday). You should also check whether you are covered by any government schemes in the event of financial loss or hardship.
There are different types of timeshare mis sales claims that can be made if something goes wrong with your agreement. The following are some examples: * Unfair Contract Terms * Misleading Conduct * Breach of Contract * Duress
Unfair Contract Terms
If you have a timeshare contract and it contains unfair terms, you may have a claim for justice against the company. This is because when someone signs a contract, they enter into an agreement with another party where both parties agree to abide by certain rules in relation to their business relationship. In return, the other person is expected to keep up their side of the deal.
If you feel that the timeshare contract you signed is unfair, for example one party has all the power/authority in the contract where they could abuse their rights, it is possible to have it declared as “unfair” so that other consumers are not at a disadvantage when they sign up for similar products in the future. You will need to speak with a specialist timeshare mis sales claims solicitor who can advise you of your rights.
Misleading Conduct
If you believe that you signed up for a certain product/service, but the company then offered something different when they sold them to you, this could be considered as misleading conduct.