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Timeshares may be a great way to help you enjoy your holidays but it can get messy if enough thought is not put it in. Pay attention, read the fine print carefully and use the services of a legal advisor so that you do not have to deal with any complications in the future.
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Timeshares are a great way to ensure that you will always have a place to stay when on vacation. While they come with myriad benefits, there are as many dubious timeshare contracts that twist timeshare laws. Here is a look at some of the issues that are faced by timeshare owners.
The flexi- time or floating weeks offered a more promising option to customers in comparison to the fixed week. The problem faced by customers was that they were unable to book holidays even if it was done two years in advance. Without any fixed date, time period, apartment number, it was impossible to use the contract to raise an objection. Certain contracts were signed with no expiry date in sight while others had a date that ended fifty years in the future. After a number of Timeshare Lawsuits were raised, it is now legally possible to get the contract nullified is vital details are missing.
The initial fourteen days after a signing a timeshare contract are considered to be the cooling off period or period of rescission. During this period it is possible to exit out of the timeshare legally and without any losses. The whole purpose of having this period was to allow an individual to deliberate and decide about the decision he may have made in haste. Many a time timeshare brokers neglect to inform potential clients about this period and even if they do some of them refuse to honor it. In such cases it is right to bring it up to a legal body. Any money paid during this period will also need to be refunded in full or compensated and the contract becomes null and void.
It is within legal rights for a customer to use the services of a professional lawyer before he signs a timeshare contract. Pressurizing clients into signing immediately is against the law. Contracts that use complex language and half -truths in order to cause confusion in the mind of the customer is unfair and unlawful. Timeshare lawsuits include representation of those individuals who have entered into contracts that were misrepresented or mis-sold. Buyers are often coaxed and persuaded to sign contracts they don’t fully understand by succumbing to sales tactics such as free holidays, free meals and accommodations. It is important to be wise and skeptical and to ask pertinent questions before making any decisions.
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