After a Supreme Court ruling in 2015, timeshare that were mis-sold to customers could be eligible for a complete refund or cancellation. There have already been cases of customers receiving full refunds of 40,000 Euros and 53,000 Euros respectively.
If deceptive or manipulative sales tactics were used in the selling of timeshare contracts, then thousands more timeshare members could be ready for substantial financial compensation.
Common Timeshare Sales Tactics and Practices That Could Help You Get Out Of A Timeshare Contract
- Discounted or free tours of timeshare tours, without any disclosure of a timeshare sales presentation were taking place.
- Aggressive sales techniques applied to customers following numerous rejections – exerting illegal pressure on a customer to make a purchase they wouldn’t typically consider under normal circumstances.
- Timeshares were marketed on the premise that they would be long-term investments – which could also be sold or rented for profit in the future
- Timeshare contracts were also sold on the condition that they would only be available to members and NOT available to members of the general public
- Timeshare members were not informed that their resorts are available to rent by the general public in online booking systems
- Undisclosed information allows timeshare management teams and resorts to alter the terms & conditions along with usage rights without the owners’ knowledge or consent.
- Mis-sold timeshare maintenance fees where the owner was unaware that resorts and management can charge increased maintenance fees without the owners’ consent or knowledge
- Perpetual contract clauses bind the customer and their agreement to the developer forever.
- Information not disclosed that the contract binds to not only the customer but heirs, family, and successors, and assigns them to inherit all financial and legal obligations under the contract
- When you purchased your timeshare agreement, were any of the above-mentioned terms and conditions not completely disclosed to you prior to the signing of the contract? If so you could be entitled to a complete timeshare contract cancellation or a full timeshare contract refund.
Mercantile Claims can assist you in finally getting out of a timeshare contract that was mis-sold to you. If you were unaware of the terms and conditions of the contract or you were pressured into purchasing a timeshare you didn’t desire, then please contact us.