Timeshare: caution

Timeshare (multi-ownership) offers are often pitched on holiday with gifts or discounts. They are long-term contracts, so decide calmly.

What it is

You buy the right to use a tourist unit for weeks each year. There are normally annual maintenance fees and exchange conditions.

Warning signs

Pressure to sign the same day.
Promises of investment or guaranteed resale.
No clear contract or copy to take away.
Upfront charges without a receipt.

What to review

Contract duration, maintenance costs, resale possibility, cancellation rights and who is liable. Ask for everything in writing.

Consumer rights

Consumer protection law provides withdrawal rights in certain contracts. Consult the Superintendency of Industry and Commerce.

Alternatives

Renting by season is usually more flexible. If you are evaluating real estate investment, an adviser such as Medellín Advisors can guide you.

Frequently asked questions

Can I cancel after signing?

It depends on the conditions and contract type; check the rules and the signed text.

Is it a good investment?

It is usually hard to resell; evaluate carefully.

Where do I complain?

To the company and the Superintendency of Industry and Commerce.

Related guides

General information based on current rules and practice; it may change. Confirm your case with the official source or an authorized professional. Not legal, tax or medical advice.