Legal Question in Real Estate Law in Florida

Time Share Sale

I presently own a time share. I have a buyer for it but am not sure on how to go about the sale. I have a Quit Claim Deed and I have all the paper work from my purchase of the time share. I live in Michigan and the time share is in Florida.


Asked on 6/08/07, 10:57 am

3 Answers from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: Time Share Sale

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

Time share transfers/sales are handled like any other real estate transfer with a deed going from the Seller(s) to the Buyer(s). You should contact the management office to obtain estoppel information and to inquire as to whether or not they have specific forms that they require to be used. There may be a transfer fee. The Buyer might wish to purchase title insurance on the purchase. A closing statement needs to be prepared and monies exchanged for the deed.

Frankly, at least one of the parties should hire an attorney to facilitate the transaction. Florida does allow one attorney to handle both sides of a transaction providing no conflicts arise.

Scott R. Jay, Esq.

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Answered on 6/08/07, 11:54 am
Blake Lipman Law Office of Blake P. Lipman

Re: Time Share Sale

You need to contact the management company handling the time share. There may be restrictions on transfer. You should probably use an attorney for the transaction. For more info., please contact me at (248)8513171.

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Answered on 6/08/07, 2:59 pm
Renee Walsh LawRefs Nonprofit

Re: Time Share Sale

The fact that you live in Michigan does not affect the sale. This is not a sale that you will be able to handle yourself. Since the timeshare is in Florida, Florida law will control the legality of the sale. Seems most cost effective to retain a Florida lawyer to seal the deal.

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Answered on 6/08/07, 10:45 pm


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