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?
1 Answer from Attorneys
Re: Timeshare cancellation policy in Florida Law
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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.