Constitution
The term Constitution when referring to the vacation / timeshares industry, is the legal and binding documentation put in place by the resorts trustees. The Constitution outlines the rights and obligations set out between the trustee, developer, management company and timeshare owner. The Constitution for a resort is a collection of rules and guidelines set out so that the timeshare owner understands how the resort is run, and their responsibilities are to the Club. You should understand your rights and obligations when entering into an agreement to buy or sell a vacation / timeshare ownership, and where possible a constitution should be made available.
The Constitution in most cases is drawn up through a Trustee such as the First National Trustee Company (FNTC), and is enforced if needed through consultation with the Timeshare Owners Association. Becoming a member of the Timeshare Owners Association for your resort is always recommended, so to be informed of any changes to policies and general running of the Club.
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