ARTICLE 19: WHAT IS MEANT BY TEMPORARY USE OR ENJOYMENT OF GOODS AND WHAT IS CONSIDERED AS BENEFIT OF THE TIME-SHARE SERVICE

     

    For the purposes of this Law it is understood by the temporary use or enjoyment of goods, the lease, the usufruct and any other act, regardless of the legal form used for that purpose, whereby one person allows another to temporarily use or enjoy tangible goods, in exchange for a consideration.

    The treatment that this Law establishes for the temporary use or enjoyment of goods will be given to the benefit of the time-share service.

    Provision of the timeshare service, regardless of the name or form given, to the corresponding legal act, consisting in making available to a person or group of people, directly or through a third party, the use, enjoyment or other rights that are agreed upon on a good or part thereof, in a variable unit within a given class, for periods previously agreed upon by the payment of an amount or the acquisition of shares or social parts of a legal entity, without in the latter case the assets of the legal entity in question are transmitted.