Tourism Law in Europe

the provisions of this Law will be applicable, and also general consumer protection legislation. It should be noted that it is determined that the timesharing regime must be established by the registered owner of the property and must be raised to a public deed (arts. 25 and 26 respectively). Thus, the timesharing regime must be established by the registered owner of the property with some added requirements such as: a) Have registered the completion of the work in the Property Registry and have incorporated it into the Real Estate Cadastre. b) Comply with the requirements established to carry out the tourist activity, have the opening licenses and the first occupation licenses for the accommodation, common areas and accessory services that are necessary for the destination. c) Having entered into the contract with a service company that meets the requirements that are required of them, unless the owner, meeting the same requirements, has decided to assume them directly. Service companies may not be domiciled in tax havens and must have at least one branch domiciled in a Member State of the European Union. d) Having arranged the insurance or guarantees referred to in article 28, as well as, where appropriate, the guarantees for material damage due to defects or construction defects provided for in Ley 38/1999, de 5 de noviembre, de Ordenación de la Edificación (Law 38/1999, of November 5, of Planning of the Building), if it is the builder or developer of the property, or otherwise have provided information about it to the timesharing holders. To this is added the necessary registration in the Property Registry (art. 27) and the obligation to subscribe an insurance or other equivalent guarantee that covers, for the entire duration of the promotion and until the transmission of all timesharing rights, the risk of birth in his charge of the obligation to indemnify third parties for damages caused by him or any of his dependents, until said transmission occurs. Articles 29 and 30 regulate the conditions of promotion and transmission. Law 4/2012 expressly prohibits the transfer of tiemsharing rights with the name of “ multipropiedad ” (multiproperty) or any other that contains the word property. In turn,