The purchase of a timeshare property with friends or family allows people to spend a memorable holiday by the ocean or in the mountains while limiting his or her initial investment. Understanding how the process works should not be taken lightly; potential buyers need to know all the pros and cons of owning a Welk Timeshare before signing a contract.
The contract for a timeshare property
Financial aspects of the contract are important. In addition to the sale price, the timeshare buyer must pay:
- Conventional fillers
- Operating expenses, which may include things like hotel and laundry services, equipment repair or purchase, etc.
- The commission of the seller
Mandatory terms of a timeshare contract
A timeshare contract must be in writing and must include the following information:
- The identity of all parties involved, including their place of business
- A description of the goods or services included in the timeshare
- The actual