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"The Civil Chamber of the Supreme Court (TS) has issued two judgments in which overrides several Sealed tourism contracts in the south of Gran Canaria and framed in the timesharing - exploitation turns of real estate - for not respecting the maximum term of 50 years prescribed by law and sell in perpetuity.
Read MoreFor those that have signed a contract, after the 18th March 2012, for a Long Term Holiday Product, perhaps you should know that according to the Spanish Legislation (RDL 8/12 and Law 4/12) you, the consumer, may terminate the contract, after the second year, by giving notice of termination to the trader no later than 14 days after any day on which the consumer receives a request for payment of an installment and without incurring any penalty...
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