Full question:
I SIGNED A LEASE WITH OPTION TO BUY FOR A TIME SHARE IN FLORIDA. I OPTED TO CANCEL THE CONTRACT WITHIN THE 10 DAY CANCELLATION PERIOD. I USED THE ONLINE FORM FROM LEGALZOOM.COM. I HAD THE FORM NOTARIZED AND MAILED THE FORM CERTIFIED RETURN RECEIPT. I AM STILL WITHIN THAT 10 DAY PERIOD. IS THERE MORE I SHOULD DO TO PREVENT THE LEASING COMPANY FROM SAYING THEY DIDN'T GET THE NOTICE?
- Category: Contracts
- Subcategory: Recission
- Date:
- State: Colorado
Answer:
Under the Florida Vacation Plan and Time-Sharing Act, you can cancel timeshare contracts within 10 calendar days after signing by notifying the seller in writing. Any attempt by the seller to waive this cancellation right is void. Closing documents cannot be executed until the 10-day cancellation period has ended.
To ensure your cancellation is acknowledged, keep proof of delivery, such as your certified mail receipt. Retain a copy of your cancellation notice as well. You may also consider sending a fax, an email, or making a phone call to confirm receipt. Requesting a letter acknowledging your cancellation can provide additional assurance.
If you made a payment with a credit card, check if the charge is still on your card. It may be wise to contact your credit card issuer, explain the situation, and provide copies (not originals) of the purchase agreement, cancellation letter, and proof of mailing.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.