What were the main rules for selling timeshare after 1999?

  1. Right to cancel the contract within 14 days of signing with no penalty.
  2. Extended cooling off periods.
  3. Maximum contract length changed to 50 years. Contracts can no longer be in-perpetuity or have no end date.
  4. Payments cannot be taken on-site
  5. Contracts can no longer use the words ownership, property or investments

Law 42/98 has since been replaced in July 2012 by the current European laws that exist today. These offer even more protection for timeshare owners

If you feel that you may have been mis-sold a timeshare or would like to have your contract reviewed, use our online compensation calculator and a member of our team will contact you.

Compensation Calculator