Legal Question in Real Estate Law in Florida

Timeshare cancellation policy in Florida Law

I signed a timeshare agreement on Tuesday, May 22nd, that has not been built yet. I would like to cancel the agreement which the contract says is governed by Florida law. However, it does not say how quickly or in what manner it can be cancelled. Also, how much money I will lose since I paid $600 in closing costs and a $2300 deposit?


Asked on 5/24/07, 1:01 pm

1 Answer from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: Timeshare cancellation policy in Florida Law

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.

You will need to have an attorney review the terms of the Contract. Florida law generally provides a 15 day right of recission for contracts with a developer on new construction but I am not sure whether or not this applies to timeshares. A small investment in research should provide the answer.

Scott R. Jay, Esq.

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Answered on 5/24/07, 1:04 pm


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