If yours timeshare contracts are considered illegal, you may be able to cancel it and reclaim all your money back. You are entitled to claim double the amount of any payment you made within 14 days of signing the timeshare contract.

Certain Spanish timeshare contracts entered into after 5th January 1999 are illegal and you can claim a compensation for your case!

After the Supreme Court decision of 2015, all the contracts that have not taken these three most important issues into consideration are annulled.

Find Out If You Qualify To Claim!

Case 1

Contracts sold in perpetuity

Article 3. Duration.
The duration of the system shall be between three to fifty years from the date of registration of the legal system or the date of the registration of the building as finished.
Therefore if the building was built before 1998, the 50 years will start in 1998 and if the building was built after 1998, the 50 years will commence when the construction has been registered as finished.
All contracts sold in perpetuity after the 5th of January of 1999 are invalid.
How do you know that your contract is a perpetuity contract?
The law states that the finalization date must be clearly stated on the contract. If your contract does not contain an end date, it is a perpetuity contract and you are able to claim!
Case 2

Floating Weeks system

Article 9. Minimum content of the contract.
Express reference to the real personal nature of the right transferred. What have you bought, which date, what money has to be paid. Etc..
This means the Floating Weeks system is illegal as it does not clearly state which weeks and/or apartment you are purchasing.
Your contract should clearly specify which apartment and which week number you have agreed to buy. If this information is not stated you are entitled to a full refund.
Case 3

Advance payments

Article 11. Prohibition on advance payments.
Any Advance payments made by the buyer to the seller before the deadline for exercising the option to withdraw, or whilst the buyer retains the power to terminate the contract as cited in the previous article, are prohibited.
Therefore if you have paid a deposit towards your contract, be it monetary or any other kind, within the 14-day cooling off period, you're entitled to claim back double the amount paid.

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If your contract meets at least one of this requirements,
TRC can help you claim!

Supreme Court puts the law on your side / Reclaim your timeshare investment back