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Applicable law to timeshare contracts currently in force. Dec 10, 2014

Currently in Spain, there are 3 specific legal regulations that apply to timeshare contracts. These are as following:
– Law 42/1998, de 15 de diciembre, sobre derechos de aprovechamiento por turno de bienes inmuebles de uso turístico y normas tributarias.

– Roya Decree-Law 8/2012, de 16 de marzo, de contratos de aprovechamiento por turno de bienes de uso turístico, de adquisición de productos vacacionales de larga duración, de reventa y de intercambio.

-And Law 4/2012, de 6 de julio, de contratos de aprovechamiento por turno de bienes de uso turístico, de adquisición de productos vacacionales de larga duración, de reventa y de intercambio y normas tributarias.
Any contracts that were signed between the 5th of January 1999 & 17th of March 2012 will now follow the Law 42/98. Any contracts signed between the 18th March & 7th of July 2012 has to follow the Royal Decree Law; 4/2012.

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