A timeshare is a property ownership arrangement where multiple individuals hold the right to use a property, typically a holiday home or resort, for a specific period each year.

Timeshares are often marketed as a cost-effective way to enjoy luxurious holiday accommodations without the burden of full ownership. These arrangements are commonly sold through promotional events, presentations, or high-pressure sales tactics.

Ownership models can vary, ranging from fixed-week ownership, where the buyer is entitled to use the property during the same week every year, to more flexible options such as points-based systems.

While timeshares can seem appealing, they often come with long-term financial commitments, including annual maintenance fees and other hidden costs.

Fraudsters exploit the appeal of timeshares through deceptive practices. These scams can occur at different stages of the timeshare process, from initial purchase to resale. Common tactics include:
1. High-pressure sales presentations: Potential buyers are invited to seminars or presentations with promises of free gifts or discounts. Once there, they face relentless pressure to sign contracts on the spot, often without full disclosure of terms.
2. Misrepresentation: Scammers may exaggerate the benefits of the timeshare, such as its resale value, availability, or exclusivity. In some cases, the property might not exist at all.
3. Resale fraud: Owners looking to sell their timeshares may be targeted by companies claiming to have buyers lined up. These companies demand upfront fees for their services, but no sale materialises.
4. Exit scams: With many owners seeking to escape costly and burdensome contracts, fraudulent “exit companies” promise to release them from obligations for a fee. Often, these services are ineffective or entirely fictitious.