How to Get Rid of a Timeshare in Florida?

In case there is still time available to rescind your contract, you must contact your timeshare developer who sold you the timeshare. Florida Statutes § 721.10 (3) states that:

The timeshare developer must refund you the aggregate sum paid.

Your timeshare developer must refund you within 20 days after getting the notification of cancellation. Or it must be within 5 days from the clients’ cleared check-whichever comes first.

When drafting a cancellation letter, you can follow this simple process:

• Direct your letter to the point. Inform the resort company right away if you plan to cancel. Ensure your letter’s subject line is clear and reads, “Timeshare Cancellation Request.”
• Examine the prerequisites: Knowing what to include in the cancellation letter before you start writing will prevent it from getting rejected and causing you to miss the deadline.
• Verify the Florida state legislation and the resort that sold it to you.
• You can guarantee that your letter will be delivered on time by following the proper postal procedures.
• Some timeshare providers would only accept letters of cancellation submitted via registered or certified mail.

On the subject of rescission period deadlines, timeshare corporations can be rigid. Ask the timeshare provider for a response to indicate that they have received your cancellation notification and consented to validate the canceled timeshare agreement so you can rest easy.

 You also need to incorporate information like:

• The current date,
• Your own information (complete name, address, telephone number, email contact, and so on),
• The organization’s name, a depiction of the timeshare, and the date wherein the buy was made.

Sell Your Florida Timeshare

When attempting to exit a timeshare after the rescission period, the more you hold on, the more stressful the process becomes. Most owners that want to exit their timeshares like to:

• Sell them as opposed to looking for a reputable exit company.
• The main issue is that exchanging a timeshare is neither basic nor simple, as the worth of a timeshare doesn’t increase in value.
• No timeshare member anticipates receiving a higher price for their timeshare when selling it, even though some do hold at least some of their initial worth.
• Another choice is to persuade your timeshare developer to let you out of the agreement. As timeshare contracts are legitimate arrangements between two private gatherings, the other party can set you free from the contract if they consent to do so.

If the timeshare organization doesn’t let you out of the contract, you should sit down with a specialist lawyer and discover a system for your case. Typically, hiring an exit company that utilizes attorneys is the best to exit or sell a timeshare.