If you want to cancel a timeshare contract in Florida, the good news is that you can. The bad news is that you have a limited time to do so.
Below, we will explain how you can cancel a timeshare contract in Florida within the legal timeframe.
What is the Legal Timeframe to Cancel a Timeshare Contract in Florida?
According to Florida law, you have 10 days to cancel a timeshare contract after signing it. This is called the “cooling-off period” or the “rescission period”. During this time, you have the right to change your mind and walk away from the deal without any penalties or obligations.
To do this, you do not need to give any reason or justification for your decision. You just need to notify the seller in writing that you are rescinding the contract.
The 10-day period starts from the date you sign the contract, or the date you receive the signed purchase documents, whichever is later.
How to Cancel a Timeshare Contract in Florida within the 10-Day Period
To cancel a timeshare contract in Florida within the 10-day rescission period, you need to send a cancellation letter to the seller. The letter must be delivered by hand, by certified mail, or by another method that provides proof of delivery. You should keep a copy of the letter and the receipt for your records.
The letter does not need to meet any specific criteria; however, it should clearly state your name, your address, the date of the contract, the name of the seller, and your intention to cancel the contract.
Here is a simple template you can use:
To: (Name and address of the seller)
From: (Your name and address)
Date: (The date of the notice)
Re: Cancellation of Timeshare Contract
I hereby cancel the timeshare contract that I signed on (the date of the contract) with you for the purchase of a timeshare interest in (the name and location of the timeshare property).
Please refund me all the money that I have paid to you under the contract within 20 days of receiving this notice, as required by Florida law.
(Your signature and printed name)
What Happens After You Cancel a Timeshare Contract in Florida?
After you cancel your timeshare contract, the seller must refund you all the money that you have paid under the contract within 20 days of receiving your cancellation letter. The seller must also return any documents that you have signed, and cancel any liens or encumbrances that have been created by the contract.
If the seller does not comply with these obligations, you may sue them for damages, injunctive relief, or specific performance. You may also file a complaint with the Florida Department of Business and Professional Regulation, which regulates the timeshare industry in the state.
However, if you do not cancel the contract within the 10-day period, it becomes legally binding, and you lose your right to rescind it. This means that you are stuck with the contract, unless you can find another way to get out of it, such as selling, donating, or transferring your timeshare interest to someone else.
These options, however, are not easy and may involve additional costs, risks, and complications.
We Can Help You
If you want to cancel a timeshare contract, you should act quickly and decisively, and follow the legal procedure correctly. You should also consult a qualified and experienced attorney who can advise you on your rights and options, and represent you in any disputes or litigation that may arise.
At Jurado & Associates, P.A., we have the knowledge, skills, and resources to help you with your timeshare cancellation.
We have helped many clients like you get out of their timeshare contracts and recover their money. We know how to deal with timeshare sellers who may try to persuade you to change your mind or to delay or deny your refund.
We will protect your interests and fight for your rights. Call us at (305) 921-0976, email us at [email protected], or send us a WhatsApp message at +1 (305) 921-0976. Do not let a timeshare contract ruin your finances, your vacation, or your peace of mind.