If you sign a timeshare contract and later have buyer’s remorse, you may be able to cancel it if you move quickly. Because time is of the essence when it comes to timeshare cancellation in Florida, be sure to follow the proper cancellation requirements.
When you buy a timeshare, you’re buying a share in a piece of real estate, usually a resort condominium. Potential timeshare customers are renowned for being hard sold by timeshare vendors. It’s not uncommon for a vacationer to attend a sales presentation only for the purpose of receiving a free bottle of wine or a gift card only to leave as a timeshare owner. Others sign timeshare agreements only to discover later that the deal was not as fantastic as it first appeared. Many timeshare purchasers are unaware of their duty to pay taxes and exorbitant maintenance fees. Many people change their views after totaling up the overall financial cost.
Because of the nature of timeshare sales, most states in the United States have passed legislation allowing buyers to terminate contracts if they act swiftly. Other countries, including Mexico, have enacted similar legislation. This means that if you’ve signed a timeshare contract and are reconsidering your decision, you can cancel it with the help of timeshare attorney in Florida.
The amount of days you have to rescind (cancel) your timeshare contract should be explicitly stated in your contract. If it doesn’t, or if you believe the contract is invalid, consult your state’s timeshare contract laws or call your state’s consumer protection authority.
A timeshare contract must usually be cancelled in writing. In your cancellation letter, include the following information: the name of the timeshare company or association a description of the timeshare your name as it appears on the contract your address, phone number, and email address the name of the timeshare company or organization.
The manner in which you must transmit the cancellation letter should be specified in your contract. You can hand-deliver the cancellation notice in some cases, but you must send it by registered mail in others. Make sure to follow the instructions to the letter’s letter and deliver it within the cancellation time frame, and be sure to hire an attorney if you have any doubts about ensuring your cancellation is filed correctly.
After the cancellation period has expired, you may be able to cancel your timeshare contract in some states and under certain conditions. However, often this entails filing a lawsuit against the timeshare business. Seek legal counsel from a timeshare attorney.
