Legal Question in Real Estate Law in Illinois
Ownership of vacation timeshare after breakup
Unmarried couple ownes a vacation timeshare jointly.
They breakup. Neither uses the timeshare now or
wants it. They let it be rented to cover fees. He told her
she could sell it, but he does nothing to help and
doesn't help pay for advertising it. It isn't easy to sell at a
price he will agree to. She has offered to sell it to him
with no reply. How can she get out of this contract? If
she offers to sell it to him for a certain price or buy it
from him at that same price, isn't he obligated to do
something? Isn't there something that says one person
can't hold another in a contract that they don't want to be
in?
1 Answer from Attorneys
Re: Ownership of vacation timeshare after breakup
My father use to tell me [he was also a lawyer] when you are stuck you stay stuck. And you are stuck. There is no law that can make him do anything. There is nothing that says one person can't hold another in a contract that they don't want to be in. If there is a mortgage on the property maybe you just stop paying and let it be forclosed. Maybe if you stop trying so hard to get out and let some of the pressure fall on "him" he will have more interest in unloading the time share. As you have found out there is no easy solution here and I am fresh out of magic wands.
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