Regulation 7 Timeshare contracts
(1)
A “timeshare contract” means a contract between a trader and a consumer—
(a)
under which the consumer, for consideration, acquires the right to use overnight accommodation for more than one period of occupation, and
(b)
which has a duration of more than one year, or contains provision allowing for the contract to be renewed or extended so that it has a duration of more than one year.
(2)
The reference to “accommodation” in paragraph (1) includes a reference to accommodation within a pool of accommodation.