Legal Question in Real Estate Law in Florida
Timeshare purchase agreements
I purchased a timeshare with certain promises made both orally and writtten on the contract. None of the oral promises were kept and a few of the written ones were not kept. Is this legal grounds to stop paying or file for failure , by them, to fulfill contract?
2 Answers from Attorneys
Re: Timeshare purchase agreements
It is obviously not possible to answer your question without the contract, and without even a mention of what the issues are. What is almost always true is that one of the worst things you can do is just stop paying. That likely buys you a foreclosure, lawsuit and trashed credit for years. You may also find that oral "promises" may give you no rights in the written contract.
Re: Timeshare purchase agreements
It might give you the right to terminate the contract, which would potentially cease your payment obligation. Generally, when one party to a contract fails to abide by a term, the other party may terminate the agreement. However, the contract itself might dictate something different. Have a local attorney review the agreement.
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