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How to Get Rid of a Timeshare in Florida?

If you’re wondering how to cancel a timeshare contract in Florida, you’re at the right place. Here’s all of the information about canceling a timeshare in Florida. Follow the steps given below:

  • Learn About The Cancellation Law In Florida
  • Use The Rescission Period To Cancel A Timeshare Contract
  • Write A Well Crafted Cancellation Letter
  • Work With Timeshare Cancellation Companies
  • Get A Temporary Solution By Selling Or Renting Your Timeshare Contract

Timeshare Cancellation Law In Florida

Florida laws consider timeshares real estate properties, but what is their use? Timeshares lose most of their value with time, and then you realize that purchasing one wasn’t that great of an idea. If you bought a timeshare in Florida, but it isn’t what you suspected, you must act fast! The more you stand by to escape a timeshare, the more perplexing it gets.

You can cancel a timeshare contract within 10 days of purchasing it in Florida. The cancellation period ends at noon on the tenth day. The contract’s execution date is the day the buyer gets the remainder of all documents needed, including the notice required by law.”

Rescind Your Florida Timeshare Contract

Assuming you need to drop your timeshare contract, focus on the rescission period. Most timeshare owners cannot rescind their contract, but we don’t want you to be one of them. In this specific circumstance, “rescission” alludes to dropping the timeshare arrangement and returning any property share mentioned in the agreement.

You may need to write a cancellation letter to your respected timeshare company to cancel the contract when you are still in your rescission period. Your timeshare developer must refund you within 20 days of receiving the notification of cancellation or within 5 days of the client’s cleared check.

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

Timeshare Cancellation Letter

Writing a proper cancellation letter is essential when canceling your timeshare. Include all critical details such as your full name, address, phone number, email address, and contract number. Clearly state your intention to cancel the timeshare. Make sure your letter complies with Florida’s cancellation laws. This ensures the process is smooth and efficient.

Start the letter with a clear subject line, like “Timeshare Cancellation Request.” Include details such as the date of purchase, timeshare description, and your contact information.

Follow all legal requirements, including submitting the letter via certified or registered mail. This ensures proof of delivery.

If you need more clarification about the process, consulting a legal attorney can help. Their expertise ensures your cancellation is legally sound.

How Much Does Timeshare Cost In Florida

The cost of a timeshare in Florida depends on several factors, including the property size, the length of your stay, and the annual maintenance fees.

Maintenance fees can often cost thousands of dollars, adding a significant expense to the ownership. Buying a resale timeshare is a cheaper option. However, it usually comes with fewer benefits than purchasing directly from a resort.

For instance, at Bryan’s Spanish Cove in Orlando, a two-bedroom, two-bathroom unit (sleeps six) costs $2,000 annually. This comes with a maintenance fee of $1,394.

At the Landmark Holiday Beach Resort in Panama City Beach, a one-bedroom unit with floating week use costs $5,000, and there is a $940 maintenance fee.

Another option is the Vacation Village at Bonaventure in Weston, where a two-bedroom unit (for odd-year use) costs $500 and has a $1,175 maintenance fee.

Lastly, the Holiday Inn Club Vacations at Orange Lake Resort in Kissimmee offers a two-bedroom unit for $3,000 annually, with a $1,162 maintenance fee. These examples clearly show what to expect when budgeting for a timeshare in Florida.

The cost of a timeshare in Florida depends on several factors, including the property size, the length of your stay, and the annual maintenance fees.

Maintenance fees can often cost thousands of dollars, adding a significant expense to the ownership. Buying a resale timeshare is a cheaper option. However, it usually comes with fewer benefits than purchasing directly from a resort.

For instance, at Bryan’s Spanish Cove in Orlando, a two-bedroom, two-bathroom unit (sleeps six) costs $2,000 annually. This comes with a maintenance fee of $1,394.

At the Landmark Holiday Beach Resort in Panama City Beach, a one-bedroom unit with floating week use costs $5,000, and there is a $940 maintenance fee.

Another option is the Vacation Village at Bonaventure in Weston, where a two-bedroom unit (for odd-year use) costs $500 and has a $1,175 maintenance fee.

Lastly, the Holiday Inn Club Vacations at Orange Lake Resort in Kissimmee offers a two-bedroom unit for $3,000 annually, with a $1,162 maintenance fee. These examples clearly show what to expect when budgeting for a timeshare in Florida.

How Many Days To Cancel A Timeshare Contract In Florida

Florida has strong consumer protection laws for timeshare owners. You can cancel a timeshare contract within ten calendar days of signing or receiving the final required documents.

This cancellation period gives buyers time to reconsider their decision. To cancel, you must notify the seller in writing. Ensure the cancellation letter complies with Florida’s specific requirements.

The seller is obligated to refund the total amount you paid. They must do so within 20 days of receiving the cancellation notice or within 5 days of clearing a check payment, whichever comes later.

This law protects consumers from being locked into unfavorable agreements and ensures a smooth refund process.

Timeshare Cancellation Companies

When searching for a timeshare cancellation company, exercise caution. Many companies claim to be legitimate but fail to deliver on their promises. Some even advertise a 100% money-back guarantee, which often turns out to be untrue. To avoid scams, choose a company that offers escrow services.

Escrow acts as a safety net. You only pay after the company successfully cancels your timeshare contract. This eliminates financial risks and ensures accountability. Reviews show that companies offering escrow services are more reliable.

If you need help finding such a company, we can help. Contact us today to connect with reputable timeshare cancellation companies that prioritize your interests.

Timeshare Attorney Florida

Hiring an attorney to cancel a timeshare contract in Florida can be costly. The price varies depending on the complexity of your case, the attorney’s experience, and the timeshare’s location.

On average, fees range from $3,000 to $10,000 or more. Hourly rates for attorneys in Florida typically range between $89 and $520, averaging $335 per hour.

While hiring an attorney may seem expensive, their expertise can streamline the process. They handle all legal aspects of cancellation and ensure compliance with Florida’s laws. This is particularly useful for complex cases where expert guidance is necessary.

Timeshare For Sale In Florida

When attempting to exit a timeshare after the rescission period, the more you hold on, the more stressful the process becomes. Most owners who want to exit their timeshares like to sell them instead of looking for a reputable company.

The main issue is that exchanging a timeshare is neither essential nor straightforward, as the worth of a timeshare doesn’t increase in value. Timeshare members anticipate receiving a higher price for their timeshare when selling it, even though some 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.

Timeshare For Rent In Florida

Renting a timeshare in Florida can be an affordable way to enjoy a luxurious vacation without committing to ownership. Timeshare rentals often include access to high-quality resorts, spacious accommodations, and facilities like pools and fitness centers. Popular destinations like Orlando, Miami, and Panama City Beach offer various options.

Renters can choose properties based on their preferences, such as the number of bedrooms or the location.

Renting allows flexibility without the burden of annual maintenance fees or long-term contracts. It’s an excellent way to experience the benefits of a timeshare without any financial risks.

Final Thoughts

If you’re still considering how to get rid of a timeshare in Florida, you might need to look into hiring a Florida timeshare lawyer and, additionally, timeshare exit company.

These companies work with legal counselors to get your timeshare dropped. You should pay them for their services, but I recommend paying them entirely upfront.

When working with a timeshare cancellation company, you should always be mindful of paying anyone up-front expenses.

We suggest working with timeshare exit companies offering an escrow payment option so the timeshare exit organization is ultimately settled from the escrow account after your timeshare has been dropped. You can learn more about escrow by clicking here.

Contact our team to help determine if a timeshare exit company is legitimate. We recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. Know your legal rights so you can exit your timeshare contract legally.

Read over our website, fill out the form on the right, or contact us through Live Chat for a free informational consultation.

1.    How Can I Get Out Of My Timeshare Contract In Florida?
You can cancel your timeshare contract in Florida by acting within the 10-day rescission period. Send a cancellation letter following Florida’s legal requirements via certified mail. For older contracts, consider hiring a timeshare attorney or working with a reputable company that offers escrow services.

2.    How Long Do You Have To Rescind A Timeshare In Florida?
In Florida, you have ten calendar days to rescind a timeshare contract. This period starts when you sign the contract or receive the final documents, whichever is later.

3.    Who Oversees Timeshares In Florida?
The Florida Department of Business and Professional Regulation (DBPR) regulates timeshares in Florida. It ensures compliance with state laws and protects consumers from fraudulent practices.

4.    How Hard Is It To Get Out Of A Timeshare?
Canceling a timeshare can be challenging, especially after the rescission period. However, working with an experienced attorney or a reliable cancellation company can make the process easier. Choose a company that offers escrow for added security.

5.    Can You Refuse To Inherit A Timeshare In Florida?
Yes, you can refuse to inherit a timeshare in Florida. You can avoid taking on unwanted financial obligations like maintenance fees by declining the inheritance through proper legal procedures. Consulting an attorney can guide you through the process.

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