Is everyone here still a timeshare owner and part of the new ‘buy-out’? It said there are 54 owners left and with the sale of the last unit the proceeds will be split by said owners. About $7,000 each.
1- we own the timeshare for 93 years.
2- we all bought at different times and likely different costs.
3- there were 4 timeshare units we all used but this is based on only one? There were 2 units available in June when I was there.
4- section 7.1 specifically states that the CLUB guarantees us to always have availability for the occupation of the unit and shall confirm reservations requested on the weeks agree, if, and when confirmed use of the unit is done in the terms and conditions indicated here under.
5- Section 13
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paraphrasing) the club may resend this contract without need for a previous court sentence or sue for the forceful compliance of the same in the following cases;
failure to make a timely payment of three or more consecutive installments; failure to make timely payment on the due date; failure by member to meet requirements, and any subsequent bylaws that may come into affect which the member has had do you notice; failure by the member to observe any clauses, and or provisions of the bylaws, or by further laws that may come into affect for which he has notice of for the use of the unit or breach are the same.