03 Nov Timeshare conveyancing or Timeshare ownership transfer
Are you looking to buy or sell your timeshare? Do you require a conveyancing lawyer to assist you with the timeshare transfer process?
A timeshare is a property with a particular form of ownership or use rights. These properties are typically resort units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week and almost always the same time every year- unless a floating week is allocated) in which they may use the property.
Owners of a timeshare are also able to become members of trading facilities such as RCI or DAELIVE and use in their international and domestic time share exchange service to secure holidays away from their own resort.
There are however times when an existing member or owner would like to relinquish / or sell their ownership to another party. Under these circumstances, an Agreement for Sale and Purchase of property must be entered into in order to complete the ownership transfer. This process is similar to the conveyancing process related to property in New Zealand.
For more information regarding the timeshare transfer requirements please contact our Auckland lawyers.