Certain rules govern the payment of your timeshare accommodation rights.
The merchant may not demand or accept payment before the expiry of the 10-day deadline you are granted to cancel the contract.
The merchant must collect payment from you in approximately equal annual instalments.
The annual instalments must appear in a payment schedule that the merchant is required to give you. The payment schedule must include the total amounts to be paid annually as well as the dates of the instalments.
The merchant may not demand payment of more than one instalment per year.
Statement of account
The date of the annual instalment indicated in the payment schedule is coming up? The merchant is required to send you a statement of account at least 21 days before that date. The statement of account must indicate the amount owing and, if applicable, the date on which you are required to pay this amount.
The statement of account can be sent to you by mail or by email, if you have so authorized the merchant.
Merchants may not require that you enter into a credit contract, either with them or another merchant, when entering into a timeshare accommodation contract with them.
Last update : November 5, 2020
Were you unable to find an answer to your question? Please call us.
The information contained on this page is presented in simple terms to make it easier to understand. It does not replace the texts of the laws and regulations.