Legal tip 444. Time share rights in Spain. Part IV
Tuesday, February 1, 2011 @ 9:05 AM
Main characteristic of time share rights in Spain are:
- It is a right on ownership right: two or more diffrent people hold rights on same property: the owner and the holder/s of enjoyment rights.
- It is inmediate, a, in shifts, s it gives to its holder a direct enjoyment of the property.
-It has entrance in the Land Registry which gives to its holder a complete legal safety within the Spanish legal system. Obviously time share rights need to be trasmitted by Notary deeds for its entrance into the Land Registry.
-It can be trasmitted to others either in life or by death. They are part of the property trade.
We will explain tomorrow ow you can revise your current time share rights contract to request, if necessary, an adpatation to legality.
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