Timeshare is defined as a vacation system established with a contract that includes the transfer of one or more immovables in return for the price of usage, for a period of at least three years and for a certain or to be determined period of the year and not less than one week during this period.
The timeshare contract grants the consumer a right of receivable on the immovable that is the subject of the holiday, for the use of time-divided. This right is a personal right. The consumer is not the owner of any real right, such as the right of ownership, on the real estate subject to the contract.