How To Get Rid Of A Timeshare – The timeshare allows the person entitled not only to take advantage of the property to enjoy it to the limits and the periods indicated, but also to close theirs storage, maintenance or enjoyment they have become too expensive.
The renunciation of timeshare, or to its portion of a property belonging to several parties, is very timely at this moment: let’s see how to get out and clarifications about the act of renunciation.
How To Get Rid Of A Timeshare
The prevailing doctrine means the timeshare as a “fellowship pro – undivided”. The waiver can be prepared by a notary (public act, or by the owner, who will then authenticate the notary (private deed).
The notary, at this point, transcribing the act at the land registry (art. 5 of 2643 of the Civil Code).
But what happens to the share of the property that you gave up? It may be transferred to another person, even making already part of timeshare, or divided in equal shares among the other co-owners, who clearly have the ability to accept or decline the assignment.
However, these are general rules that can be valid in Italy but, as we know, timeshares are there in the world and therefore are also handled by the authorities and local laws, which may be different from the Italian and from which there you can subtract.
The best thing to do then, to get rid of, is looking for a buyer, so you do not have to sell its interest-free, but overcharged at least what has been spent and have no problem in having to deliver the shares to the other joint and wait they accept.
On disposal instead, it is very important to contact local professionals who know the laws of the place, perhaps in collaboration with its Italian professional.