Timeshare is a way to buy a holiday property that you can use during one or a few weeks per year. These properties are typically located in resorts and holiday complexes with leisure facilities.
The price of a timeshare may vary depending on the period of the year when you are allowed to use it, the destination and the type of the property. There is also an annual variable maintenance fee, as well as other fees paid to intermediary agencies, lawyers etc.
Pros and cons
The main advantage is that a timeshare offers tourists the opportunity to acquire the right to use an expensive hol
iday property, located anywhere in the world, that they normally couldn’t afford.
The main disadvantage is that the value of a timeshare, in the case of a resale, can drop even by
more than a half of the original price.
The contract must always be concluded in writing. Before signing the contract, tourists have to know their rights and also identify promises that are too good to be true.
Recommendations:
- Stay away of those who want to get you sign a timeshare contract under the pretext of having won a holiday, or a prize
- Carefully analyze the offer when you enroll in a holiday club
- Never sign a contract without properly reading and understanding it, or you may have to find out how to get rid of a timeshare quicker than you thought
First Posted on: Where Are Timeshares Located?
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