Home > Ask Our Experts > Timeshare - Can I Cancel My Contract?

Timeshare - Can I Cancel My Contract?

By: Garry Crystal - Updated: 1 Oct 2012 | comments*Discuss
 
Timeshare Directive Cooling-off Rights

Q.

Following a BBC Watchdog programme about ETOO I have tried to cancel a contract with them to sell timeshare. They are saying that under the Distance Selling Act 2000, the seven day cooling off period had expired and that I cannot cancel. However, when I have looked into the Act, it states that: if they did not give written confirmation of prior information i.e. how I can exercise my rights to cancel, then they cannot enforce the contract. Is this correct?

They keep avoiding that bit now and keep going on about the cooling off period. In no correspondence that I have received did it mention my right to cancel.

(Mrs Susan Turner, 28 November 2008)

A.

Timeshares And Cooling-Off

Timeshare selling has in the past had a bad reputation due to dubious selling methods. However, consumers do have a number of rights when it comes to cancelling a timeshare contract.

There are a number of different rules and regulations regarding cooling off periods and timeshare contracts. A cooling-off period is the amount of time permitted for the buyer to change their mind and cancel the contract. Different countries will have different time limits before the cooling-off period actually expires. If the timeshare contract was signed in the United Kingdom then this cooling off period will be 14 days.

If the contract was signed anywhere within the European Economic Area then the cooling-off period will stand at 10 days. No money should actually be exchanged during this cooling-off period. If you cancel a contract before the cooling-off period ends then that should be the end of the matter. All credit agreements that are linked with the timeshare contract should also be cancelled when the contract is cancelled.

Timeshare Directive

The Timeshare Directive provides the rules and regulations and the rights of consumers who are buying a timeshare property. This directive was revised in 2007 to include extra rights for the consumer. Included in the directive is the right to information before the contract is signed; this will include cooling-off period information. The timeshare information brochure and the actual contract should stipulate information regarding cooling-off periods.

Different countries will have different rules on how this information is included. For instance, in the United Kingdom the cooling-off information should be placed directly next to where the signature of the buyer is set. In Belgium and Luxembourg the information is in bold capitals in a box in the contract. Regulations in France mean that the cooling-off period details are included in a separate form, with copies for the buyer and the seller.

Enforcing Your Rights

If you inform the timeshare seller that you are aware of your rights and they will still not let you cancel, then legal advice should be sought. Under the Timeshare Directive regulations the seller can lose their licence if they are one of the member states included in the Timeshare Directive. There may also be a case for compensation that the buyer can claim.

For more information on your rights regarding timeshare properties contact the Trading Standards Office, the Citizens Advice Bureau or the Timeshare Consumers Association.

You might also like...
Share Your Story, Join the Discussion or Seek Advice..
Why not be the first to leave a comment for discussion, ask for advice or share your story...

If you'd like to ask a question one of our experts (workload permitting) or a helpful reader hopfully can help you... We also love comments and interesting stories

Title:
(never shown)
Firstname:
(never shown)
Surname:
(never shown)
Email:
(never shown)
Nickname:
(shown)
Comment:
Validate:
Enter word:
Latest Comments
  • ContractsAndAgreements
    Re: The Law & Verbal Agreements
    Bernerd - Your Question:I recently paid for my brothers share of a solicitors fee to resolve a family issue. We discussed it…
    22 March 2017
  • N/a
    Re: Title Deeds: Who Keeps Them?
    Hi. After my wife mum died, her dad couldn't cope with her adopted disabled sister who was 16 at the time. She was awarded…
    22 March 2017
  • Kingkong
    Re: Broken Service Agreements
    I have rented a single room and the agreement was that I should pay 1,500ghc for four years and my items got missing frequently and I…
    21 March 2017
  • Bernerd
    Re: The Law & Verbal Agreements
    I recently paid for my brothers share of a solicitors fee to resolve a family issue. We discussed it on the phone, and via…
    21 March 2017
  • Obsolete33
    Re: The Law & Verbal Agreements
    Can you sue someone who made a verbal agreement to enter into a business partnership? Investments have been made and…
    18 March 2017
  • Obsolete33
    Re: The Law & Verbal Agreements
    Can you sue someone who made a verbal agreement to enter into a business partnership? Investments have been made and…
    18 March 2017
  • Clare
    Re: The Law & Verbal Agreements
    Hello, I have a signed agreement of operation to run a tea bar with a local members club. The agreement runs until the end of…
    18 March 2017
  • Chris
    Re: Legally Binding Contracts
    I am currently in court with a client of mine, I sent a quotation and my terms and conditions are set out below our quote, we…
    16 March 2017
  • Rich
    Re: Jurisdiction in Contracts
    can i sue a online retailer for failing to deliver an item in the specified,( and paid extra for) delivery time? they were 10 days…
    13 March 2017
  • KrisK
    Re: What If I Don't Have a Written Contract With My Employer?
    Hi, I'm working in a law office for about 2 years as a receptionist and I've never signed…
    13 March 2017
Further Reading...
Our Most Popular...
Add to my Yahoo!
Add to Google
Stumble this
Add to Twitter
Add To Facebook
RSS feed
You should seek independent professional advice before acting upon any information on the ContractsAndAgreements website. Please read our Disclaimer.