If you are a resident of the state of Ohio and own a timeshare that you need to cancel, then our team is standing by to help. We help timeshare owners link up with reputable timeshare exit solution providers who use the legal system to try to help people cancel their unwanted timeshares.
Ohio Timeshare Laws
Timeshare laws for the state of Ohio can be found in the Ohio Revised Code starting at Title 47, Chapter 4735, Sec. 4735.25. This section specifically deals with “foreign” real estate, which means for property that is outside the state of Ohio. The form that is used to qualify foreign real estate can be found here at the Ohio Department of Commerce page, while the laws relating to investigations of real estate brokers can be found at Title 47, Chapter 4735, Sec.4735.32 of the Ohio Revised Code. The rules within these sections are designed to regulate real estate brokers and salespersons and can result in legal liability for them if they don’t follow the rules listed.
In the state of Ohio, timeshare sellers are required to make a list of specific disclosures to timeshare buyers. The disclosures are important pieces of information about the piece of property being offered for sale. These disclosures include:
- An exact description of the foreign real estate to be sold
- A prepared map or plat showing the boundaries and dimensions of the property
- A list and description of all liens and encumbrances on the property
- A copy of any building or use restrictions on the property
The laws that describe all of the mandatory disclosures that need to be made to timeshare property buyers can be found at Title 47, Chapter 4735, Sec. 4735.25.
In the state of Ohio, cancellation laws mainly cover home solicitation for goods under the Uniform Commercial Code section of the Ohio Revised Code at Title 13, Chapter 1345, Sec. 1345.22 where you have three days to rescind something bought during a home solicitation. To get specific questions answered about Ohio timeshare law cancellation, then you should seek the advice of an experienced timeshare attorney. We can help you find that 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 Ohio Timeshare Owners
1. Are there laws in Ohio that protect consumers like me from misrepresentation and high-pressure sales tactics that can occur during timeshare sales?
Answer: Yes, Ohio real estate law prohibits any licensee from knowingly giving false information to any party in a real estate transaction. This law can be found at Title 47, Chapter 4735, Sec. 4735.61.
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 might be 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 foreclose the timeshare in court which would likely result in a money judgement against you. Not paying fees or other money owed can damage your credit and can result in garnishment. Ohio timeshare foreclosure law and procedure operates under regular state law and can be found starting at Title 23, Chapter 2329 of the Ohio Revised Code which describes the procedures and law for foreclosure sales.
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 Ohio law, however, you may able to give up ownership of a timeshare by filing for a disclaimer of succession to an interest in real property. The law on disclaimers in Ohio can be found at the disclaiming testamentary and nontestamentary succession section within the Ohio Revised Code at Title 58, Chapter 5815, Sec. 5815.36. It is best to speak to an experienced and qualified attorney to find out if you are eligible to file for a disclaimer of property. 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 Ohio legislature that can help timeshare owners in the future?
Answer: No, not at the current time.
Our team of professionals is standing by to help you start the process of getting rid of your Ohio timeshare. In Ohio, 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.