Property Registry denies cancellation of timeshare because bylaws changed before auction purchase
13 Oct 20261 views
Who is affected:
Companies and investors acquiring properties at judicial auctions with timeshare regimes
Summary
A company that purchased properties at judicial auction cannot extinguish the timeshare regime because the bylaws had already eliminated that possibility before its acquisition.
Detailed analysis
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The General Directorate of Legal Security resolves an appeal regarding the extinction of a timeshare regime by undivided shares in Denia. The company Melf Match Propco acquired the properties in mortgage foreclosure and intended to apply the bylaws in force on the date of the certification of charges (2014), which allo…
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