Rescinding Timeshare Contracts and Exhorbitant Maintenance Fees

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Rescinding Timeshare Contracts and Exhorbitant Maintenance Fees

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Timeshare ownership is now an unwanted item in many peoples eyes and the ever increasing cost of maintenance fees in the present economic climate is becoming a burden that people can no longer manage. Timeshare clubs and management companies are becoming more aggressive in the way they attempt to collect un-paid fees, resorting to threats of County Court actions and utilisation of Debt Collectors, some of whom do not hold a licence.
In some cases, maintenance fees have risen so much that they are no longer viable for an owner to maintain and the rise is often far in excess of the rate of inflation.
Most contracts are held in perpetuity, meaning that liability for maintenance fee payment is FOREVER, resulting in the debt being passed down the line to your children.
The law must be reviewed to annul the perpetuity clause and allow fair arbitration in endeavours to cancel the ownership contract that exists.

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