RDO Exit Policy
Resort Development Organisation Timeshare Exit Policy. Timeshare companies that are members of the RDO , are meant to have an exit programme in place to facilitate the exit from your ownership. RDO Code of Conduct Guidance Notes 2nd April 2015 These Timeshare companies are members of the RDO:
- Anfi Sales S.L
- Cala Pi Maintenace SL
- CLCWorld Resorts & Hotels
- Club Ei Beril
- Club Melia
- Diamond Resorts
- Dom Pedro Hotels
- Hilton Grand Vacations
- Holiday Club Resorts
- MVCI Europe Ltd
- Paradise Resorts Cyprus Ltd
- Regency Resorts
- Resort Solutions
- Seasons Holidays PLC
The RDO Board
Quote from the RDO 'The RDO Board has adopted a number of requirements that supplement the Code of Conduct, reflecting an on-going strategy to promote excellence, responsibility and integrity amongst the membership.
The provisions, which are outlined below, provide increased protection to timeshare owners when trading in, selling or relinquishing their timeshare ownership.'
Timeshare Exit Programmes
All members are required have some form of an exit programme in place and must provide details to the Secretariat. In addition, they must comply with the following:
"Death and Bankruptcy"
1. i) In the event of the death of a joint owner, the surviving owner can surrender their timeshare if they wish.
2. ii) Members cannot obligate the beneficiaries of a will/ a beneficiary under the intestacy rules, including a spouse to take on a timeshare if they do not wish to do so and
3. iii) In the case of bankruptcy of the sole owner or a joint owner, the individual may hand back their timeshare without charge.
Illness If a sole owner or either of the joint owners is suffering from a long-term illness that prevents them from travelling to their home resort/using their timeshare product for the foreseeable future and can provide proof of this by way of a recognised medical certificate/doctor’s letter, the timeshare interest may be surrendered without any notice period, subject to the maintenance fees being fully up-to-date.
General Surrenders
Other than cases of death of a spouse or partner, personal bankruptcy, and/or long- term illness, an owner may surrender their timeshare interest at any time, subject to the agreement of the RDO member.
In such cases any surrender fee that may be applied shall not exceed a sum equivalent to three-years current maintenance fees.
In cases where exit options, which include annual use rights, are offered, the exit period shall not exceed 5 years.