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remove imperpetuity clause in timeshares, transfer of debt to deceased relatives is not justifiable.

Comment 2nd July 2010

It is currently perfectly legal and acceptable (not morally !) for timeshare companies to sell timeshares with imperpetuity clauses i.e. if you die your children inherit the timeshare and have to pay the fees whether they want them or not.

 

Why does this matter?

I cannot see how it is morally justifiable for the deceased's relatives being saddled with a debt burden that they were not party to.

This law should be repealled for future, current and retrospective sales, especially in light of the crisis facing the country, where debt levels are already high without being saddled with a debt that was not of your making.

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