Florida’s timeshare cancellation laws offer strong protections for consumers, allowing them to cancel a timeshare contract within a specific timeframe. Under Florida Statutes, Title XXXII, Chapter 721.10, buyers have a ten-day rescission period to cancel their timeshare agreement. This period begins on the date the buyer signs the contract or when the buyer receives a copy of the executed agreement, whichever occurs later. During this ten-day window, the buyer can cancel the timeshare by providing a written cancellation notice to the seller without facing any penalties. Additionally, the seller must provide the buyer with a clear notice of the right to cancel, including instructions on how to proceed. If the buyer cancels within the rescission period, the seller must refund all payments made, minus any processing fees outlined in the contract. After the ten days, canceling the timeshare becomes more difficult unless the buyer can prove fraud or misrepresentation. Therefore, timeshare buyers in Florida should act quickly to exercise their rights under Florida’s timeshare cancellation laws.
For more details, refer to Florida Statutes, Title XXXII, Chapter 721.10.