Holiday Clubs (Long term holiday product): voluntary withdrawal after the second payment.

For those that have signed a contract, after the 18th March 2012, for a Long Term Holiday Product, perhaps you should know that according to the Spanish Legislation (RDL 8/12 and Law 4/12) you, the consumer, may terminate the contract, after the second year, by giving notice of termination to the trader no later than 14 days after any day on which the consumer receives a request for payment of an installment and without incurring any penalty...

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Tip 1. Are you selling your Timeshare?

 If you are planning to sell your Timeshare please have in mind these tips:

  • Research. Search online to read what others have written about the selling company. Investigate to see if the company has a physical office, not just a mail drop address. 
  • Never wire money. Wiring money for a business transaction or upfront fees should raise a red flag. It is the same as sending cash – it is not traceable or refundable.
  • Legal advice. As selling a timeshare is a legal property transaction, it may pay to get legal advice. Make sure you have all documentation in writing from the company.