Timeshares are sold and rarely bought. This has been the principle which has been suggested thought-out the ages. The resorts may use certain practices which allow them to ply and re sell their products however governments and regulatory bodies have provided legislation to curtail the industry and the habitual bad practices which I have to say are endemic in the timeshare industry.
With the legislation in place consumers can now bring these Bad Practices (which are employed by some companies/organisations and clubs) to the attention of the courts in the United Kingdom.
In consideration of the Consumer Protection from Unfair Trading Regulations 2008, consumers should consider these regulations before embarking on a dispute, so that their issues can be addressed properly giving weight to the problems they are experiencing with resorts and the selling of timeshare.
Equally consumers can easily summarise the actions which other have done and justly consider whether or not those actions are in contravention of the regulation which would render the perpetrators liable in damages.
The Basic Rules
There are three main sections in the Consumer Protection from Unfair Trading Regulations CPUTR. They are explained as follows:
- A general ban on unfair/ unreasonable commercial practices
- Misleading/evasive/ deceptive/disingenuous and aggressive practices which are assessed in light of the effects they have on consumers, or which are likely to have, on the average consumer.
And
- A (so called) Black List which contains the list of those practices which are unfair and thus banned practices.
For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk