Many people nowadays turned to timeshares as a great to vacation in Florida. This can be a reasonable option for people who want a home away from home without feeling guilty about only using it on occasion. However, if you had just bought such property in Florida but for whatever reasons need to get out of your timeshare, you have to make sure you cancel your timeshare in the proper manner to avoid being penalized.
First, terminate it within the time frame. If you are within the 10 working day time frame from the date you signed the timeshare contract, the law in Florida gives you the right to cancel without penalty and all payments will be returned to you within 20 days.
It’s very important also to read your contract. Everything about the termination of your timeshare is in the contract. Then, contact your timeshare company. If there are unclear issues within the contract, you may ask for a representative to explain the policy regarding cancellation of a timeshare.
Moreover, if the company you signed your contract with refuses to accept your termination, contact a lawyer licensed in Florida. This may ensure that the timeshare company does what it promised in the contract and refrains from charging you penalties that were not disclosed when you signed your contract.
Nowadays, there is an increasing number of owners who get rid of their timeshares due to some disadvantages tied with such property. Some of these owners even hire a timeshare transfer company such as the Transfer Smart to get rid of it if they are not bound already within the rescission period. On the other hand, if you had just own a timeshare in Florida and want to get rid of it within the cooling-off period, the above-mentioned steps can be your effective guide.