We bought a week of timeshare on a holiday park six years ago, and paid extra so we could take our week at any time of the year. The timeshare company has since been taken over, and they’re now refusing our request for a peak season week. Can they change the conditions of our timeshare ownership contract?
I wouldn’t have thought so, but it depends on the nature of your interest (ownership) of the property. The most common type of timeshare is where the ownership is vested in a trustee, who holds the property for the benefit of the time-sharers. If it’s simply a management company that’s been taken over the terms of your contract should hold good. However if the trustee or the development owner has gone bankrupt it could be that you have nothing more than an “equitable” right to stay there.