A new national law has been passed by the Spanish
government. Announced today March 16th, 2012 the law is geared
toward ensuring the country’s timeshare industry will comply with all
regulations the country has enforced. These regulations include:
A complete ban on deposits, all contracts must be provided
in the language of the potential timeshare owner being that it is a language
within Europe, contracts may be canceled by purchasers within 14-days, information must be completely detailed about the product in the language of
the potential timeshare owner, and purchasers who own a timeshare of one year
or longer must be provided a contract that is within legislation.
It is a shame that these laws must be passed at all. When signing
a contract, you expect what you are promised, and not to be taken advantage of
in any way. With timeshare contracts this is almost never the case. Purchasers
are first tricked into signing these contracts with false promises, and the
false idea that their vacation ownership is a great investment; it’s not.
Timeshares should never be viewed as an investment for the simple fact that
they are practically impossible to sell. If you are looking for a way out of
your vacation ownership, and don’t know who to trust; contact Transfer on the Spot
today!
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