Wednesday, September 28, 2005

Timeshare Needs It's Own Set of Laws

Presently there are very few laws relating to the vacation timeshare ownership.

The closest thing to it, are real estate laws that pertain somewhat to timeshare, but do not address the great differences there are between timeshare ownership, and ownership of a tradtional home.

Such things as exhange companies, ability to "spacebank" unusued time, deeded versus undeeded timeshares, points timeshares, all are different and the laws that pertain to homes simply do not reflect what is needed to protect the buyer and seller of vacation timeshare.

Australia is actually delving into this issue.

Read story here.

Links to this post:

Create a Link

<< Home