01908 881058 info@timeshareconsumerassociation.org.uk Donate

The Consumer Rights Directive 2011/83/EU and how it applies to Timeshare Contracts, Selling Timeshare Re Selling Timeshare Products and the Timeshare Exit and Relinquishment Markets (Part 1)

Posted on January 10, 2015

The Consumer Rights Directive 2011/83/EU and how it applies to Timeshare Contracts, Selling Timeshare Re Selling Timeshare Products and the Timeshare Exit and Relinquishment Markets (Part 1)

 

The Consumer Rights Directive (CRD) was passed by the EU in October 2011.

After it was passed it was then for each separate nation to adopt it The CRD came into force in all EU member states in 2014 including the UK, Spain etc.

The CRD aims to simplify consumer rights in certain important areas, these areas mostly relating to buying and selling of all products including but not limited to timeshare products and their associated spin offs.

Before any timeshare consumer you buy/acquires a timeshare product:

  • They should get clear comprehensive and unfettered information before they acquire and from the trader: This also applies to ‘distance selling’, selling over the phone on the internet and to acquisitions where a trader visits the consumer at home. So no matter where you buy the product you are now covered and it extends to all sales not just timeshare.
  • There are no exempt products in respect to these regulations. The following are all included:-
  • Timeshare sales
  • Timeshare re Sale
  • Timeshare upgrades
  • Timeshare exchanges
  • Holiday Credits
  • Long Term holiday clubs

Also

  • Relinquishments of timeshare
  • Timeshare contract exits
  • Contracts involving engaging solicitors, exit companies, firms and professionals.
  • Timeshare renters and leasers
  • Fractional ownership sales
  • Point exchanging

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

Related posts:

  1. The Consumer Rights Directive 2011/83/EU and how it applies to Timeshare Contracts, Selling Timeshare Re Selling Timeshare Products and the Timeshare Exit and Relinquishment Markets (Part 2)
      When engaged in buying any product or service: Consumers should not have to pay excessive and disproportionate extra fees (such as excessive credit card fees) when paying a seller...
  2. The Consumer Rights Directive 2011/83/EU and how it applies to Timeshare Contracts, Selling Timeshare Re Selling Timeshare Products and the Timeshare Exit and Relinquishment Markets (Part 3)
      Additional payments: All additional payments are banned unless the consumer expressly agrees to the payment, which in reality means (in the case of the internet) that boxes authorising additional...
  3. Why NO company involved in the selling or re-selling of timeshare/products should be charging upfront fees
    The selling and/or re selling of timeshare products and contracts is a regulated practice and is covered fully in The Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010 –HERE  ...
  4. Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010 (Part 1)
      On 23 February 2011 new Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010 (the Regulations) came into force and apply across the UK. The Regulations transpose into UK...
  5. Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010 (Part 2)
      New Directive 2008/122/EC The aim of the new Directive is to create a simplified and coherent framework for the regulation of timeshare and long-term holiday products, as well as...