If you own a timeshare in the state of Florida that you need to cancel, then our team is standing by to help you. Our company specializes in connecting timeshare owners who are looking to cancel their timeshares with reputable timeshare exit solution providers who can help them cancel their timeshares forever.
Florida Timeshare Laws
The state of Florida’s timeshare laws can be found in the Florida Statutes Annotated at Title XL, Chapter 721. The laws related to disclosure obligations can be found at Title XL, Chapter 721, Sec. 721.205, and the laws related to timeshare cancellation can be found at Title XL, Chapter 721, Sec. 721.10. The laws that you will find within these sections provide the legal requirements that timeshare sellers must follow to sell their product.
In the state of Florida, the law requires timeshare developers to provide timeshare buyers with a public offering statement. This is a disclosure that developers must make to disclose important information about the timeshare, which includes:
- A description of the timeshare
- The timeshare plan duration in years
- A description of the accommodations associated with the timeshare
- An explanation of how common expenses and ownership are allotted by developer
The laws related to what is required to be in a public offering statement in the state of Florida can be found at Florida Statutes Annotated at Title XL, Chapter 721, Sec. 721.205.
In the state of Florida, you have ten days to rescind a timeshare purchase contract. You may also be able to rescind your purchase contract up until you receive all of the remaining required documentation. Florida Statutes Annotated at Title XL, Chapter 721, Sec. 721.10. If you have any questions relating to timeshare law, then you should seek the advice of an experienced attorney. We can help connect you to a reputable attorney. Give us a call at 833-416-8796 or fill out a form on the right side of the page.
Frequently Asked Questions from Florida Timeshare Owners
1. Are there laws in Florida that protect consumers like me from misrepresentation and high-pressure sales tactics that often occur during timeshare sales?
Answer: Yes, Florida law prohibits timeshare sellers from misrepresenting a number of things, including the location, size, characteristics, or services associated with a timeshare. Timeshare sellers are also prohibited from misrepresenting the buyer’s right to cancel along with any other rights and privileges provided by law. Florida timeshare purchasers are protected under the resale service providers and disclosure obligations section of the Florida Statutes Annotated at Title XL, Chapter 721, Sec. 721.205.
2. What types of financial harm can I face as a timeshare owner if I simply stopped paying my timeshare maintenance fees?
Answer: Multiple types, while it is possible that the ownership of a timeshare can just revert to the timeshare company if you stop paying your maintenance fees, most timeshare agreements allow timeshare companies to come after you in court which would likely result in a money judgement against you. This can damage your credit and can result in garnishment. Florida Timeshare foreclosures are treated differently from residential foreclosures and are governed by Florida Statutes Annotated at Title XL, Chapter 721, Part III.
3. Will my heirs be responsible for my timeshare when I die?
Answer: Yes, heirs will most likely be fully responsible for any timeshare that is inherited. Under Florida law, however, you may able to renounce ownership of a timeshare by filing a “disclaimer.” The law on disclaimers can be found at Title XLII, Chapter 739 of the Florida Statutes Annotated. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file a disclaimer. We can help you find that attorney, call 833-416-8796 or fill out a form on the right side of the page.
4. Are there any laws pending in the Florida legislature that can help timeshare owners in the future?
Answer: No, not at this time although there has been discussion of a lowered property tax for Florida timeshare owners.
Our team of professionals is standing by to help you start the process of getting rid of your Florida timeshare. In Florida, our team’s network of timeshare exit solution providers have helped countless timeshare owners cancel their timeshare contracts legally and permanently without harming the timeshare owner’s credit. At Timeshare Exit Companies, we lean on our past experience to help you achieve future success. We help you discover the best timeshare exit companies that can help you get rid of your timeshare once and for all.
Disclaimer: This page is for informational purposes only. Timeshare Exit Companies does not provide legal services, and none of the information provided in this article should be considered legal advice.