The prospective buyer of a timeshare property has a 14-day 'cooling off' period during which he has the right to withdraw from the contract1. However, this only applies where the buyer is buying from a trader and not to private transactions2.
Notice of the buyer's right to cancel must be given by the seller; failure to give the correct notice renders the contract unenforceable and the seller is guilty of a criminal offence punishable by a fine
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