DIRECTIVE 94/47/EC OF THE  EUROPEAN PARLIAMENT AND THE COUNCIL of 26 October 1994 on the protection of purchasers in respect  of certain aspects of contracts relating to the purchase of the right to use immovable properties  on a timeshare basis
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN  UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 100a  thereof,
Having regard to the proposal from the Commission  (1),
Having regard to the opinion of the Economic and Social Committee  (2),
Acting in accordance with the procedure laid down in Article 189b of the Treaty  (3),
1.  Whereas the disparities between national legislations on contracts relating to the purchase of  the right to use one or more immovable properties on a timeshare basis are likely to create  barriers to the proper operation of the internal market and distortions of competition and lead to  the compartmentalization of national markets;
2.  Whereas the aim of this Directive is to establish a minimum basis of common rules on such  matters which will make it possible to ensure that the internal market operates properly and will  thereby protect purchasers; whereas it is sufficient for those rules to cover contractual  transactions only with regard to those aspects that relate to information on the constituent parts  of contracts, the arrangements for communicating such information and the procedures and  arrangements for cancellation and withdrawal; whereas the appropriate instrument to achieve that  aim is a Directive; whereas this Directive is therefore consistent with the principle of  subsidiarity;
3.  Whereas the legal nature of the rights which are the subject of the contracts covered by this  Directive varies considerably from one Member State to another; whereas reference should therefore  be made in summary form to those variations, giving a sufficiently broad definition of such  contracts, without thereby implying harmonization within the Community of the legal nature of the  rights in question;
4.  Whereas this Directive is not designed to regulate the extent to which contracts for the use of  one or more immovable properties on a timeshare basis may be concluded in Member States or the  legal basis for such contracts;
5.  Whereas, in practice, contracts relating to the purchase of the right to use one or more  immovable properties on a timeshare basis differ from tenancy agreements; whereas that difference  can be seen from, inter alia, the means of payment;
6.  Whereas it may be seen from the market that hotels, residential hotels and other similar  residential tourist premises are involved in contractual transactions similar to those which have  made this Directive necessary;
7.  Whereas it is necessary to avoid any misleading or incomplete details in information concerned  specifically with the sale of the rights to use one or more immovable properties on a timeshare  basis; whereas such information should be supplemented by a document which must be made available  to anyone who requests it; whereas the information therein must constitute part of the contract for  the purchase of the right to use one or more immovable properties on a timeshare basis;
8.  Whereas, in order to give purchasers a high level of protection and in view of the specific  characteristics of systems for using immovable properties on a timeshare basis, contracts for the  purchase of the right to use one or more immovable properties on a timeshare basis must include  certain minimal items;
9.  Whereas, with a view to establishing effective protection for purchasers in this field, it is  necessary to stipulate minimum obligations with which vendors must comply vis-Ă -vis purchasers;
10.  Whereas the contract for the purchase of the right to use one or more immovable properties on  a timeshare basis must be drawn up in the official language or one of the official languages of the  Member State in which the purchaser is resident or in the official language or one of the official  languages of the Member State of which he is a national which must be one of the official languages  of the Community; whereas, however, the Member State in which the purchaser is resident may require  that the contract be drawn up in its language or its languages which must be an official language  or official languages of the Community; whereas provision should be made for a certified  translation of each contract for the purposes of the formalities to be completed in the Member  State in which the relevant property is situated;
11.  Whereas to give the purchaser the chance to realize more fully what his obligations and rights  under the contract are he should be allowed a period during which he may withdraw from the contract  without giving reasons since the property in question is often situated in a State and subject to  legislation which are different from his own;
12.  Whereas the requirement on the vendor's part that advance payments be made before the end of  the period during which the purchaser may withdraw without giving reasons may reduce the  purchaser's protection; whereas, therefore, advance payments before the end of that period should  be prohibited;
13.  Whereas in the event of cancellation of or withdrawal from a contract for the purchase of the  right to use one or more immovable properties on a timeshare basis the price of which is entirely  or partly covered by credit granted to the purchaser by the vendor or by a third party on the basis  of an agreement concluded between that third party and the vendor, it should be provided that the  credit agreement should be cancelled without penalty;
14.  Whereas there is a risk, in certain cases, that the consumer may be deprived of the protection  provided for in this Directive if the law of a non-Member State is specified as the law applicable  to the contract; whereas this Directive should therefore include provisions intended to obviate  that risk;
15.  Whereas it is for the Member States to adopt measures to ensure that the vendor fulfils his  obligations,
The purpose of this Directive shall be to approximate the laws,  regulations and administrative provisions of the Member States on the protection of purchasers in  respect of certain aspects of contracts relating directly or indirectly to the purchase of the  right to use one or more immovable properties on a timeshare basis.
This Directive shall cover only those aspects of the above provisions concerning contractual  transactions that relate to:
-  information on the constituent parts of a contract and the arrangements for the communication of  that information,
-  the procedures and arrangements for cancellation and withdrawal.
With due regard to the general rules of the Treaty, the Member States shall remain competent for  other matters, inter alia determination of the legal nature of the rights which are the subject of  the contracts covered by this Directive.
For the purposes of this Directive:
-  'contract relating directly or indirectly to the purchase of the right to use one or more  immovable properties on a timeshare basis`, hereinafter referred to as 'contract`, shall mean any  contract or group of contracts concluded for at least three years under which, directly or  indirectly, on payment of a certain global price, a real property right or any other right relating  to the use of one or more immovable properties for a specified or specifiable period of the year,  which may not be less than one week, is established or is the subject of a transfer or an  undertaking to transfer,
-  'immovable property` shall mean any building or part of a building for use as accommodation to  which the right which is the subject of the contract relates,
-  'vendor` shall mean any natural or legal person who, acting in transactions covered by this  Directive and in his professional capacity, establishes, transfers or undertakes to transfer the  right which is the subject of the contract,
-  'purchaser` shall mean any natural person who, acting in transactions covered by this Directive,  for purposes which may be regarded as being outwith his professional capacity, has the right which  is the subject of the contract transferred to him or for whom the right which is the subject of the  contract is established.
1.  The Member States shall make provision in their legislation for measures to ensure  that the vendor is required to provide any person requesting information on the immovable property  or properties with a document which, in addition to a general description of the property or  properties, shall provide at least brief and accurate information on the particulars referred to in  points (a) to (g), (i) and (l) of the Annex and on how further information may be obtained.
2.  The Member States shall make provision in their legislation to ensure that all the information  referred to in paragraph 1 which must be provided in the document referred to in paragraph 1 forms  an integral part of the contract.
Unless the parties expressly agree otherwise, only changes resulting from circumstances beyond the  vendor's control may be made to the information provided in the document referred to in paragraph  1.
Any changes to that information shall be communicated to the purchaser before the contract is  concluded. The contract shall expressly mention any such changes.
3.  Any advertising referring to the immovable property concerned shall indicate the possibility of  obtaining the document referred to in paragraph 1 and where it may be obtained.
The Member States shall make provision in their legislation to ensure that:
-  the contract, which shall be in writing, includes at least the items referred to in the Annex,
-  the contract and the document referred to in Article 3 (1) are drawn up in the language or one  of the languages of Member State in which the purchaser is resident or in the language or one of  the languages of the Member State of which he is national which shall be an official language or  official languages of the Community, at the purchaser's option. The Member State in which the  purchaser is resident may, however, require that the contract be drawn up in all cases in at least  its language or languages which must be an official language or official languages of the  Community, and -  the vendor provides the purchaser with a certified translation of the contract in the language  or one of the languages of the Member State in which the immovable property is situated which shall  be an official language or official languages of the Community.
The Member States shall make provision in their legislation to ensure that:
1.  in addition to the possibilities available to the purchaser under national laws on the nullity  of contracts, the purchaser shall have the right:
-  to withdraw without giving any reason within 10 calendar days of both parties' signing the  contract or of both parties' signing a binding preliminary contract. If the 10th day is a public  holiday, the period shall be extended to the first working day thereafter,
-  if the contract does not include the information referred to in points (a), (b), (c), (d) (1),  (d) (2), (h), (i), (k), (l) and (m) of the Annex, at the time of both parties' signing the contract  or of both parties' signing a binding preliminary contract, to cancel the contract within three  months thereof. If the information in question is provided within those three months, the  purchaser's withdrawal period provided for in the first indent, shall then start,
-  if by the end of the three-month period provided for in the second indent the purchaser has not  exercised the right to cancel and the contract does not include the information referred to in  points (a), (b), (c), (d) (1), (d) (2), (h), (i), (k), (l) and (m) of the Annex, to the withdrawal  period provided for in the first indent from the day after the end of that three-month period;
2.  if the purchaser intends to exercise the rights provided for in paragraph 1 he shall, before  the expiry of the relevant deadline, notify the person whose name and address appear in the  contract for that purpose by a means which can be proved in accordance with national law in  accordance with the procedures specified in the contract pursuant to point (l) of the Annex. The  deadline shall be deemed to have been observed if the notification, if it is in writing, is  dispatched before the deadline expires;
3.  where the purchaser exercises the right provided for in the first indent of paragraph 1, he may  be required to defray, where appropriate, only those expenses which, in accordance with national  law, are incurred as a result of the conclusion of and withdrawal from the contract and which  correspond to legal formalities which must be completed before the end of the period referred to in  the first indent of paragraph 1. Such expenses shall be expressly mentioned in the contract;
4.  where the purchaser exercises the right of cancellation provided for in the second indent of  paragraph 1 he shall not be required to make any defrayal.
The Member States shall make provision in their legislation to prohibit any advance  payments by a purchaser before the end of the period during which he may exercise the right of  withdrawal.
The Member States shall make provision in their legislation to ensure that:
-  if the price is fully or partly covered by credit granted by the vendor, or -  if the price is fully or partly covered by credit granted to the purchaser by a third party on  the basis of an agreement between the third party and the vendor,
the credit agreement shall be cancelled, without any penalty, if the purchaser exercises his right  to cancel or withdraw from the contract as provided for in Article 5.
The Member States shall lay down detailed arrangements to govern the cancellation of credit  agreements.
The Member States shall make provision in their legislation to ensure that any clause  whereby a purchaser renounces the enjoyment of rights under this Directive or whereby a vendor is  freed from the responsibilities arising from this Directive shall not be binding on the purchaser,  under conditions laid down by national law.
The Member States shall take the measures necessary to ensure that, whatever the law  applicable may be, the purchaser is not deprived of the protection afforded by this Directive, if  the immovable property concerned is situated within the territory of a Member State.
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The Member States shall make provision in their legislation for the consequences of  non-compliance with this Directive.
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This Directive shall not prevent Member States from adopting or maintaining provisions  which are more favourable as regards the protection of purchasers in the field in question, without  prejudice to their obligations under the Treaty.
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1.  Member States shall bring into force the laws, regulations and administrative  provisions necessary for them to comply with this Directive no later than 30 months after its  publication in the Official Journal of the European Communities. They shall immediately inform the  Commission thereof.
When Member States adopt those measures, they shall include references to this Directive or shall  accompany them with such references on their official publication. The Member States shall lay down  the manner in which such references shall be made.
2.  The Member States shall communicate to the Commission the texts of the provisions of national  law which they adopt in the field governed by this Directive.
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This Directive is addressed to the Member States.